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ISET Economist Blog

A blog about economics in the South Caucasus.
Giorgi Mekerishvili has not set their biography yet
Oct
26

Jobs For Sale

As Harry S Truman once noted – “It's a recession when your neighbor loses his job; it's a depression when you lose your own”.  While Georgia was able to grow its economy, this growth did not trickle all the way down. The overall number of jobs did not increase, resulting in very high unemployment, especially among youth and recent university graduates (up to 35% according to some counts). Unemployment hurts the individuals involved and the economy as a whole. As an individual you lose income, and still worth, may see your value in the labor market (...
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Aug
14

Georgia – Potential Regional Hub for Automobile Trade

Car export was 20.5% of the total exports in 2011 and it had the highest share in total exports, among all export goods. What a striking fact! So, what does this mean for Georgia and how can we become regionally more competitive in car-trade? How can we meet the demand on European, Japanese and US cars in Caucasian and Central Asian markets by becoming a regional trade and transit center for those cars? Since 2005, car exports have been steadily increasing, in value and as a share of total exports. The correlation between car exports and imports is 0,67...
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Jul
17

A personal view on why people “choose” to get higher education in Georgia

Putting “choose” in quotation marks is the main part of the title and a hint to my subjective view on the issue to be discussed in this post. Based on my own experience and on the experience of my friends and acquaintances I came to the conclusion that most Georgian youths do not autonomously choose to get higher education, rather their choice is made directly by their parents. This is the case when parents impose their will upon their children. This is a case of paternalism, which means imposing your own will upon another person for his/her own good. Th...
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