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ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
09

World of EconoBlogs

It’s been around a week since the first weekly brief was posted on the ISET blog and it’s time for some new links. 1. Courtesy of Michael Fuenfzig we have a quite interesting info on the new initiative of the Georgian government in relation to the Georgian diaspora and some diverse opinions on whether it will or will not work. 2. For all of you who love football (real one, not the egghand) – The Economist Free Exchange blog explains the economic reason behind the Spanish domination of recent years. And we thought it was down to just little Leo Mess...
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Mar
06

Great Trek to Georgia?

The Great Trek was a defining moment in the history of the Boer, white South African farmers of Dutch descent. In the early 19th century the Boer migrated from the Cape Colony to the interior of what is today South Africa. With the Boers having a reputation as some of the best farmers in the world, the Georgian took note. Confronted with the dire situation in the agricultural sector in 2010 the Georgian government invited the Boer to immigrate and to invest in Georgia. The hope was that the Boer, with their expertise and knowledge, will bring modern...
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Mar
02

World of EconoBlogs

This will be the first of weekly briefs - a summary of interesting posts on different economic blogs. Readers are welcome to suggest their favorite economic blogs or send links to interesting posts they have recently read. 1. Art of economic complexity  by Tim Harford on his excellent blog (a highlight) and also on NY Times shows us the new way of visualizing the difference between national economies. 2. Lucy Kellaway at Financial Times calls to ban the Power Point (you might need to register for free in order to read the article) – the h...
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Feb
29

Bread and Circus in the South Caucasus

Last week, The Economist published a comparison of the costs of pancake ingredients across many countries of the world. The pancake recipe used for the calculations included flour, eggs, milk and butter – all of which are also part of the Khachapuri Index regularly compiled by the ISET Policy Institute. Thus, incorporating Armenia, Azerbaijan and Georgia was a piece of (pan)cake! Table 1: Cost of pancake ingredients (12-15 portions) in the South Caucasus, USD   The good news is that pancakes (and khachapuri) are still a lot cheaper to cook in the S...
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