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ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
27

World of EconoBlogs

Another Friday – another post full of interesting links for our readers! 1.  A good tradition is to start with links from Michael Fuenfzig – today we have two of them. First, a well-known North Korea specialist Andrei Lankov talks on the evolution of the personal income in DPRK. 2.  And second, NY Times reports a new problem in Zimbabwe – no pocket change. 3.  Interesting fact from Mark Perry for those who think that American manufacture is in decline. Impressive, though not very flattering for Russia and Canada. 4.  From him again...
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Apr
26

Two Cities

The New York Times ran an article about Lazika, the planned city near Zugdidi, on the Black Sea coast. It’s not the only attempt to build a new city from the scratch in the South Caucasus, as Azerbaijan has similar plans. While these plans sound like pipe dreams of overambitious and overconfident politicans and planners a few positive things can be said about Lazika. Maybe, after all it is not such a crazy idea. In particular, this quote in the New York Times caught my attention (and I have to admit, it speaks for Mr Vashadze to be open to new ideas...
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Apr
24

The "Over-Education" Trap

In recent years, many countries in Europe and the former Soviet Union have seen an explosion in university enrollment. During approximately 10 years (from 1999 until 2010) higher education enrollment increased by 64% in Central and Eastern Europe, 27% in Central Asia and South Caucasus, and 19% in Western Europe and North America (see UNESCO).     1999-2005 2005-2010 1999-2010 Low enrollment  level in 1999  (below 30$) Country ...
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Apr
22

Sex Ratio at Birth: is the South Caucasus Heading the Way of China?

This year, approximately 113 baby boys are born in China for every 100 baby girls; 112 boys per 100 girls in India, 111 in Vietnam. The looming social crisis stemming from the significant gender imbalance in the countries of East and Southeast Asia has been in the media spotlight for a long time. Unfortunately, the problem of gender imbalance is not confined to Asia. According to the UN database, between 2005 and 2010, Azerbaijan, Armenia and Georgia held second, third and fourth place in the world after China in gender imbalance statistics. The ratio o...
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