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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Recent Comments
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
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
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