ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Jun
12

Playing Against the Odds: What’s at Stake for Georgia as It Bets on the Tourism Revival Strategy?

Georgia reacted to the COVID-19 pandemic by immediately introducing aggressive measures. Closing international borders, declaring a state of emergency, shutting down public transportation, banning local travel and public gatherings, closing restaurants and shopping malls, and introducing a nighttime curfew—these are all instruments that were used by the country’s government and health authorities to stop the spread of the virus. As a result, the health system was not overwhelmed with COVID-19 patients. As of June 12th Georgia has had 837 confirmed corona...
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Guest — PeterJ
Interesting article, but just as a side note, can you please indicate the source for this: Furthermore, tourists visiting Georgia ... Read More
Friday, 12 June 2020 1:01 PM
Giorgi Mzhavanadze
Dear Peter, thanks for your comment. I agree with you that (as I know) there is no official document which indicates that entry re... Read More
Monday, 15 June 2020 7:07 AM
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Apr
06

Should the World Sacrifice the Economy to Save Lives Today?

No two countries that both have a McDonald's have ever been at war wrote American political commentator and author Thomas L. Friedman in 1996. Since then, of course, there have been plenty of instances of countries with McDonald’s warring, including Russia and Georgia. Though, one should not take Friedman’s phrase too literally. Rather he implies that the spread of McDonald's is a part of a worldwide phenomenon of countries integrating with the global economy, which, in turn, makes wars less likely. Well, Kudos to globalization. But also, thanks to globa...
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Jun
18

Georgian and Armenian “Deplorables” and "Desperados" Taking It to the Streets

Georgian and Armenian ruling parties have been until recently basking in the glory of high GDP growth rates. Armenia’s stellar growth performance of 7.5% in 2017 and Georgia’s respectable 5% are, indeed, worthy of praise. However, do these figures really matter for the objective well-being of the majority of Georgians and Armenians? Second, how does economic growth, as measured by GDP, affect people’s subjective perception of happiness? Third, what does it do to crime rates and people’s appetite for political representation, social justice and fairness? ...
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Guest — Ani
It is interesting to mention about the little degree of patience of Armenians for their rulers, while they could tolerate the same... Read More
Wednesday, 20 June 2018 8:08 PM
Simon Appleby
When one looks at the sectors with the highest growth rate in Georgia (construction, banking and tourism), none of them has the ca... Read More
Thursday, 21 June 2018 4:04 AM
Eric Livny
Ani, I am sure you are a better judge of the Armenian people. From what Ive read, however, there have been quite a number of recen... Read More
Thursday, 21 June 2018 8:08 AM
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Dec
23

Who Gets to Eat from the Growing Pie?

  2017 is shaping up as one of the best years in Georgia’s post-2008 crisis history. The economy is expected to expand by about 5%, beating early expectations and official forecasts by the likes of the IMF and the World Bank. Based on updated GeoStat figures for Q1 and Q2, ISET-PI’s annual growth forecast currently stands at 4.9%. Even that figure is likely to be revised upwards if Q3 growth turns out to be higher than suggested by GeoStat’s preliminary estimate of 4.4%. Georgia is not alone in experiencing a boom. In fact, it is rising with a tide ...
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Florian Biermann
Why is the vocational education reform discussed in the context of redistribution? And even a pension reform is not inherently con... Read More
Wednesday, 03 January 2018 5:05 PM
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Feb
27

Make Kutaisi Great Again!

Have you ever heard about a mysterious law that predicts the size of a city? If you tell me the population of the largest city in a country, I can tell you the size of the second and third biggest cities. In 1949, George Zipf came up with the simple theory called the rank-size rule, or “Zipf 's law.” Applied to the size of cities, this law says that the second city and following smaller cities should represent a proportion of the largest city. For example, if the largest city in a country is populated with one million citizens, according to the law, the ...
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Florian Biermann
Interesting article. Maybe the 30% of Kutaisis population that left the city were the members of the Kutaisi Clan.
Wednesday, 01 March 2017 8:08 AM
Simon Appleby
London until the 1950s was not just the capital of England (or the United Kingdom). It was the capital of the British Empire. So m... Read More
Wednesday, 01 March 2017 12:12 PM
Ia Katsia
Thank you, Florian for your comment. There is of course no official statistics about affiliation of migrants from Kutaisi. It cou... Read More
Wednesday, 01 March 2017 3:03 PM
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Jan
28

Georgia and the Gravity of Migration

Whatever Kim Jong-un’s propaganda says about the greatness of his country, it is a fact that nobody immigrates to North Korea but almost everyone wants to get out. Likewise, whatever conservative Muslims say about the depraved West – there is a huge net migration out of Muslim countries into these rotten and decadent Western societies. And also the “socialist paradises” of the past had to take great efforts to make sure their lucky populations did not leave: the Berlin Wall was built in 1961 because the large-scale drainage of labor threatened Eastern Ge...
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