Macroeconomics
Welcome to the Macroeconomic section. Here, I explore the intricate world of macroeconomics with a special focus on the geography of the European Union, Baltic States, and the Caucasus, particularly Georgia. I cover a wide range of topics, including GDP, salaries, inflation rates, and economic policies.
Minimum Wages in European Union 2014
| 26 viewsThe minimum wage is set by the government as the minimum standard of guaranteed income (hourly/monthly) that a worker should receive for the work he/she performs. In 2014, there were 22 countries out…
Inequality of Minimum Wages in Former Soviet Union: An Updated Look in 2014
| 2 viewsIt has been six months since I last analyzed the minimum wages in the former Soviet Union. Although it is not a major factor in economic growth, the minimum wage is still a relevant indicator in…
GDP per capita in Ukraine: Past, Present, and Future (2014)
| 1 viewsThe Ukrainian economy has struggled to reach its full potential, with a GDP per capita of $3,866 thousands in 2012. Despite recent developments, such as the signing of the Association Agreement with…
GEL to USD exchange rates Mid - April 2014
| 2 viewsIt has been awhile since I last time examined GEL/USD exchange rates. Last time I did that, I was pretty worried about hidden devaluation of Georgian national currency Lari. During the past 4 years…
How many beers you can buy in Europe for minimum wage?
| 6 viewsI like charts and graphics, who doesn't? Well Reddit user Adilu, has created a map of how many beers you can buy in Europe for a minimum wage:According to map - most beers you will get in Belgium =…
Latvia Joins the Euro Zone (2014): A New Era Begins
| 1 viewsLatvia is set to become the latest member of the Eurozone when it joins on January 1st, 2014. This will make the 17-nation currency bloc one country bigger, following the lead of two other former…
Inside Transnistria: Unrecognized State Between Moldova and Ukraine
| 0 viewsTransnistria is a breakaway region located in Eastern Europe, sandwiched between Moldova and Ukraine. The region has been unrecognized by the international community since it declared independence in…
Why Many Political Leaders Skipped the 2014 Sochi Olympics
| 0 viewsThe Olympic Games are a global event that brings together the world's top athletes in a spirit of international cooperation and friendly competition. However, the Sochi Olympic Games in 2014 were…
Minimum Wages in the Former Soviet Union: A Look at 2013
| 8 viewsThe former Soviet Union was a vast region that encompassed a number of countries with distinct cultures, economies, and political systems. In 2013, the region was still recovering from the economic…
Minimum Wages in Central Asia: A Look at the Region's Low Wage Rates
| 14 viewsCentral Asia is a region that consists of five countries: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The region has a diverse economy, with industries ranging from agriculture…