ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
19

Bread Should Be Baked By the Baker!

"Sixty-Eight Million Dollars Were Given for Colleges Last Year: – if  the Mania for College Education Continues We May Soon Expect the Above State of Affairs" American and Western European visitors to Georgia are fascinated by the fact that middle-aged Georgian taxi drivers often brandish a couple of engineering degrees, while young hotel receptionists and shop assistants frequently come with law, business and international relations education. Having spent a couple of days in Tbilisi, visitors may come to imagine that Georgia is so abundant in huma...
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Nov
23

Georgia’s Ravaging Nepotism

Georgian media is full of stories about nepotism and the funny justifications of those involved: When Irakli Garibashvili, still being Minister of the Interior, was confronted with nepotism allegations, he replied: “Don’t you know that a relative of your wife is not your relative?” When the 23-year-old brother of Vice Prime Minister Kakhi Kaladze’s wife was appointed head of the City Hall’s department for education, sports, and youth affairs, Tbilisi Mayor Davit Narmania stated that he had “known him for a long time and did not consider any oth...
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