ეკონომიკა

While writing his PhD, Aleksey Hovakimyan was a regular user of CRRC-Armenia, often working in the computer lab or the library. We therefore were delighted to hear that his PhD thesis has now been published, and wanted to support him…

In 2007 we wrote a blog post on the Big Mac Index, an index published by The Economist as an informal way of measuring purchasing power parity (PPP). The idea is that a dollar should buy you the same amount in all…

Migration is a major factor in Georgia. Many Georgians live abroad, and by some estimates the money they send back accounts for nearly 10% of Georgia’s GDP. Did you know that households in rural areas who receive such aid are…

One of the most impressive recent survey efforts, measuring attitudes about different countries in transition, has been undertaken by EBRD. Called Life in Transition Survey (LiTS), this is an attempt to look at how 29 ‘transitioning’ countries have developed following…

So what plagues local business? In many cases it’s the same problem we have in politics as well: there simply is the wrong paradigm. It is self-centered, rather than being other-centered. Or, if that sounds too much like marriage counseling,…