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ISET Economist Blog

A blog about economics in the South Caucasus.
Dec
11

Good News for Some, Bad News for Others

From RFE/RL: Cash remittances sent home by thousands of Armenians working in Russia and other countries increased by more than 23 percent in the first 10 months of this year compared to 2010, RFE/RL's Armenian Service reports. While this sounds like unambiguously good news for Armenia, it is not. Remittances can have a very similar effect as natural resources wealth – it gives rise to what is called the Dutch Disease. Both remittances and exports of natural resources result in an inflow of foreign currency into a country. While this ...
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Guest — moonshine
One reason remittances are up is that some time after 2008 Armenia may have started experiencing another round of labor emigration... Read More
Sunday, 11 December 2011 10:10 PM
Guest — i.j.
Nice analysis, sorry to ask, what are the export industries in Armenia? A little bit of cooper, agriculture (a little bit), proces... Read More
Sunday, 11 December 2011 9:09 PM
Guest — Michael
The Dutch Disease is actually quite relevant for all countries of the South Caucasus. Clearly for Azerbaijan, but also for Armenia... Read More
Monday, 12 December 2011 12:12 AM
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Dec
07

At the Edges of Georgia

This weekend we visited one of the more remote parts of Georgia, the Shiraki plains at the border to Azerbaijan. After passing through Dedoplis Tskaro, the district capital and largest town in this part of Georgia, we found ourselves on a bad road going all the way to the small town of Kasritstkali. In Soviet times the road was surfaced, but these days one has to navigate mud and large potholes. By all accounts the small town of Kasritstkali is thoroughly isolated from the rest of Georgia. And for what it matters, from Azerbaijan as well. Although the bo...
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Guest — moonshine
A lot could be done to promote true market integration in the South Caucasus (ignoring for the moment other aspects of regional co... Read More
Friday, 09 December 2011 9:09 AM
Guest — moonshine
The main international roads connecting Georgia to Armenia and Azerbaijan are actually improving in recent years, but this is not ... Read More
Friday, 09 December 2011 12:12 PM
Guest — Michael
To follow up, there is this article http://www.humanrights.ge/index.php?a=main&pid=10402&lang=eng, quote: "Kasristskali is located... Read More
Friday, 09 December 2011 4:04 PM
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