ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Nov
19

Solving Insolvency

It is that time of year again when our world starts revolving around the World Bank’s Doing Business publication. It is a time when we once more have the chance to brag about how easy it is to start a business in Georgia, about how small the tax burden on businesses is, and about how good we are at enforcing contracts. However, we are unlikely to draw attention to our rank in the Resolving Insolvency indicator, which places us in a bracket alongside countries not necessarily known for their pristine business-enabling environment. Fortunately for Georgia,...
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Oct
22

One Step Forward on a Long Journey

  “With the Fourth Industrial Revolution (4IR), humanity has entered a new phase. The 4IR has become the lived reality for millions of people around the world, and is creating new opportunities for business, government and individuals” – Klaus Schwab, Founder and Executive Chairman, World Economic Forum. The 4IR, as envisioned by Professor Schwab, is about breakthroughs in the fields of artificial intelligence, genetics, computing, etc. that are changing the world in which we live at breathtaking speed. With this vision in mind, the World Economic F...
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Jun
30

Real Estate = Real Investment

Summer is a good time for traveling to the sea, but now I want you to join me in the journey in time. A memory from my childhood in the early 2000s was the discussion among people about the choice between “Khrushovka” and “Chekhuri.” Households were buying flats and making investments in real estate. It is difficult to explore the real reasons why people prefer real estate over other types of investments, but the some of the standard arguments which I was hearing were the following: “if something happens it is still a real estate,” “at least I will have ...
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Jun
04

When Football Meets Finance, Education Scores

World Cup 2018 is getting close and football can already be felt in the air. The squads are almost finalized, new jersies are already on sale, and fan clubs are preparing venues to watch football. These are all traditional preparation for the World  Cup, but interestingly for me, and possibly for you as well, football has also affected education, specifically financial education. If you are intersted in how football and financial education are linked, Financial Football is the answer. To give you some background information before you test the game ...
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Apr
08

Can Quotas Do It?!

Despite substantial improvements in education, professional development and political participation, women remain underrepresented in leadership positions in politics, and Georgia is no exception. In 2017, the country ranked in 94th place (out of 144), according to the Global Gender Gap index (GGI),1 which indicates that Georgia is not performing well in closing the gender gap. The GGI serves as a comprehensive and consistent measure for gender equality, which can track a country’s progress over time. Economic participation and opportunity, educational a...
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