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ISET Economist Blog

A blog about economics in the South Caucasus.
Sep
11

Empowering Georgian ‘Plow Mothers’ (Gutnis Deda)

“The lion's whelps are equal be they male or female” – Shota Rustaveli    Giving women voice in company management may prove beneficial for performance. For instance, according to an influential Catalyst report, The Bottom Line: Corporate Performance and Women’s Representation on Boards, “companies that achieve [gender] diversity and manage it well attain better financial results, on average, than other companies.” In particular, they find that firms with the most women board directors outperform those with the least on such indicator...
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Sep
07

Un-Muzzling the Persian Panther: Where Georgia Stands to Gain from an Iran without Sanctions

There is a distant rumble in the regional economy – one with a particularly Persian flair. Iranian commerce and exports are about to enter an unrestricted world market as part of the deal negotiated between Western partners and Iranian leadership over its nuclear enrichment program. If Iran can meet the terms of the agreement, sanctions on its exports and imports will be lifted within the next year. When such a large energy-producing economy goes from near autarky to free trade, this is bound to send ripples through the world economy. Georgia and the Sou...
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Jul
24

Exclusive Interview with Professor Matthias Matthijs: Greece and the Eurozone Crisis

Today I’m sitting down for a conversation across a continent and an ocean. Our guest is Professor Matthias Matthijs of the Johns Hopkins School of Advanced International Studies (SAIS). He is the editor of the renowned and timely book “The Future of the Euro,” and two-time recipient of the Max M. Fisher award for excellence in teaching at SAIS. We will be talking about the Eurozone crisis and the lessons other small-state economies and their policymakers can learn from Greece’s unfortunate situation. Q. Professor Matthijs, thank you for sitting down...
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Jul
06

The Positive Sides of Georgia’s NATO Partnership (Not Membership)

Since the Rose Revolution, pro-Western Georgian politicians strive to lead their country into the apparent safe haven of the NATO defense collective. So far membership seems far off, causing disappointment among many Georgians and affirming those who preferred less integration in the Western geopolitical bloc. The continuing debate as to whether or not Georgia should assume full membership in the alliance may be obfuscating the reality that the present relationship with the alliance is the most ideal for Georgia.  It allows for a nearly unrestricted...
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Jun
29

Why Armenia Is Not (Yet) Ukraine?

  Yerevan is presently rife with protest. Dubbed “Electric Yerevan,” the protests are aptly named considering that they began as a result of Armenia’s government succumbing to demands by the country’s electricity distribution monopoly (Electric Network of Armenia (ENA)) to raise regulated tariffs by 16.7% as of 1 August, 2015. ENA is owned by Inter RAO UES, a Russian energy giant, giving rise to suggestions that Armenian officials are effectively serving Russian interests. Yet, the hike in electricity prices, which the government had initially resis...
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