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ISET Economist Blog

A blog about economics in the South Caucasus by ISET
Jan
14

How Can We Revitalize the Struggling Georgian Agricultural Sector?

LEFT BEHIND Between 1990 and 1994, the Georgian economy experienced one of the sharpest declines in economic activity in recent history, with GDP per capita falling by more than 70 percent. Since then, however, especially after 2003, it has been growing quite fast, with the Georgian GDP per capita overtaking the 1990 level in 2013. However, the Georgian agricultural sector, in the same period, has been characterized by a quite different trend, as shown in Figure 1. Figure 1. GDP Per Capita and Agriculture Value Added as a Share of GDP During the crisis ...
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Pati Mamardashvili
I think that the capitalizing input vouchers in land values was not a huge problem for Georgia (not comparable with some other cri... Read More
Wednesday, 18 January 2017 5:05 PM
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Dec
19

What Chile teaches Georgia

In 1991, the former finance minister of Chile, Alejandro Foxley, said in an interview: “We may not like the government that came before us. But they did many things right. We have inherited an economy that is an asset.” About twenty years before, General Augusto Pinochet had toppled the democratically elected President of Chile, Salvador Allende. Pinochet’s rule from 1973 to 1990 was characterized by severe violations of human rights, yet finally he agreed to hold a referendum on his political future, and when the Chilean people voted against him, he ste...
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Eric Livny
Why do we need a bloody and corrupt dictator to teach us the virtues of liberalizing Georgia’s foreign trade or not meddling with ... Read More
Tuesday, 20 December 2016 3:03 PM
Giorgi Vashakidze
The internet is full of critical accounts about the economic (and not only) aspects of Pinochets regime, including by Chileans and... Read More
Wednesday, 21 December 2016 8:08 AM
Eric Livny
I shared this article with a Hebrew University classmate of mine, currently an economics professor in Chile. This is what he wrote... Read More
Wednesday, 21 December 2016 1:01 PM
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Mar
26

Political Blame Games: How to Escape the Mankind’s Favorite Game of Destruction?

Imagine the following public exchange between two guys - Serge, the president, and Larry, the CEO of a company by the name Oogle: Serge (Oogle president): You know Larry, our stock market numbers look pretty good today. The Wall Street Journal said it must be because the president is taking the company in the right direction! Larry (Oogle CEO): Come on, Serge, we all know that the president is not calling all the shots around here. And by the way, the numbers would have been much better, if your design team hadn’t made those …. pink-tinted glasses. Serge...
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Nodar
As it is easy to find this kind of practice in Georgia thats why we are here and not somewhere els. Its true that every government... Read More
Sunday, 17 April 2016 2:02 PM
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May
08

What Kind of "State" Does a Country Need?

When Belarusian President Alexander Lukashenko visited Georgia in late April 2015, we were once again reminded that history is not over yet, certainly not in the sense pronounced by Francis Fukuyama in his 1992 book End of History and the Last Man: "What we may be witnessing is not just the end of the Cold War, or the passing of a particular period of post-war history, but the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human go...
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Guest — Eric Livny
As argued by Gerard Roland and Yuri Gorodnichenko (http://www.voxeu.org/article/role-culture-democratisation#.VVVpJDjFegQ.facebook... Read More
Friday, 15 May 2015 11:11 AM
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Apr
17

Lessons Learned From a Decade of Georgian Reforms. View From The Sky

Georgian reforms have become an internationally traded commodity. Underappreciated and no longer wanted at home, some of Georgia’s former reformers are doing well-paid consulting gigs in Mongolia, Central Asia, Ukraine, Moldova and further away emerging markets. Sensing a business opportunity, a group of former government officials groomed by Kakha Bendukidze, the mastermind of Georgian reforms, has recently established a consulting agency, “Reformatics”. “The chosen”, such as Georgia’s former Minister of Health Sandro Kvitashvili and former Deputy Minis...
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Guest — Ia
Fantastic article and very balanced analysis.In my point of view Saakashvili has without question succeeded in turning Georgia tow... Read More
Friday, 17 April 2015 7:07 PM
Guest — Eric Livny
Thank you, Ia! We should be the first to learn from our successes and failures!
Friday, 17 April 2015 7:07 PM
Guest — Iñigo A
The summary of Ukraine's future is in the sentence above "to learn from ... successes and failures!". As for the latter, the orang... Read More
Monday, 20 April 2015 4:04 PM
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