Land consolidation in foreign ownership would greatly increase Georgia's agricultural productivity. But adequate incentives to cooperate might be a legitimate second-best solution, given the absence of alternative employment opportunities for the majority of Georgian smallholders.
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Ancient Rome's "bread and circus" policies are taken up by Azerbaijan. Bread subsidies together with investment in entertainment projects and breathtaking architectural designs provide Azerbaijan with a measure of political stability. At least for now.
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Just like markets, democratic systems can be viewed through the prism of (political) competition for ideas and people's votes. Perhaps surprisingly for some, Georgia's democracy is not very competitive when compared to other former Soviet...
A sheer expansion in the number of international visitors may be a curse in disguise. Georgia should strive to extend the tourism season beyond the busy summer months and increase the amount of money each...