ISET

ISET Economist Blog

A blog about economics in the South Caucasus by ISET
Mar
27

In Georgia Education Matters (But Probably Will Not Make You Rich)

“Education is what remains after one has forgotten what one has learned in school” – Albert Einstein It is widely recognized that education is the key to the future. In general, educated people have higher earnings and lower unemployment rates and highly-educated countries grow faster and innovate more than the other countries. Therefore, in the recent economic literature, education is considered as an investment good and look for the other investments, there is the costs and benefits of the investments in the education. The cost of the education is the ...
Rate this blog entry:
Continue reading
64
0 Comments
Write a Comment
Mar
18

Rising Generation of Georgian Agripreneurs

According to the ILO’s Global Employment Trends Report, agriculture accounts for 32% of total employment globally, and 39% in Asia and the Pacific. In spite of this, it seldom tops young people’s “most wanted” wish list of careers. In developed countries like Korea and Australia, employment in the agricultural sector is gaining more and more popularity, however, moving back to the countryside in developing nations remains associated with poverty, inefficiency and lack of progress. In Georgia, the majority of the population is employed in agriculture, but...
Rate this blog entry:
Continue reading
127
0 Comments
Write a Comment
Jan
21

Money for Nothing: Why Don’t Georgian Students Act Like Investors?

Back in 2005, the Georgian government introduced the Unified Entry Examinations (UEE) for admittance into universities. Before the UEE, each university had their own set of entry examinations and examiners, which opened the system to abuse and corruption. With the introduction of the UEE, the government of Georgia managed to make the system fairer and more transparent. As part of this process, the government provides merit-based scholarships to students, based on standardized test scores. The very best students can get up to 2,250 GEL per year for all th...
Rate this blog entry:
Recent Comments
Tamta Bibiluri
Should we expect that all schools in Georgia are as credible as ISET. There is clear threat of corruption, would the government be... Read More
Monday, 23 January 2017 8:08 PM
Salome Deisadze
Tamta, I agree that it creates a lucrative opportunity for corruption and this process needs to be monitored very strictly. Relat... Read More
Tuesday, 24 January 2017 7:07 AM
Salome Deisadze
Well, poor families, who cannot afford to private tutors to pass the UEE with high scores and get scholarship (most schools do not... Read More
Thursday, 26 January 2017 8:08 AM
Continue reading
320
6 Comments
Write a Comment
Nov
28

TUMORROW IS ALREADY HERE

Spending a big chunk of their precious summer vacation in Armenia was not exactly my kids’ dream. Their wish list included far more exotic destinations in Africa, the Far East and Europe’s leading capitals – Vienna, Paris or London. And, yet, it did not take too much convincing for them to go on a one-week trial at TUMO’s summer school for creativity in Yerevan. All I had to do was show a few pictures from TUMO’s website: What was supposed to be a one-week trial turned into a four-week immersion into the world of photography, 3D modeling and animation (...
Rate this blog entry:
Continue reading
1003
0 Comments
Write a Comment
Nov
26

Professionals for Georgian Agriculture

  Recently, the ISET Economist Blog wrote about the cooperative “Shamatia.” Their strawberry seedlings started to fade soon after planting. The cooperative consulted with different experts in the country to find the reason, and the solution for the problem, without success. Only after sending sample seedlings abroad was the cause of the problem revealed. In the meantime, however, the cooperative experienced losses of 15,000 GEL. Such cases are not rare in Georgian agriculture. Recent value chain studies conducted by the ISET Policy Institute indica...
Rate this blog entry:
Continue reading
328
0 Comments
Write a Comment
Sep
27

Jobs for Life in Georgian Universities?

Few may have noticed an amendment to the Georgian Law on Higher Education, passed in December 2015, which potentially ushers in a new era for Georgia’s higher education system. As of January 2017, (some) Georgian professors and senior research staff will be appointed for an indefinite term (i.e. given "tenure"). Offered decent compensation and protected from political pressures and job insecurity, they will be able to indulge in academic endeavors, nurturing a new generation of Georgian academics and promoting Georgian science onto the global scene. This...
Rate this blog entry:
Recent comment in this post
Eric Livny
This amendment is actually much worse than I have initially thought. According to Article 35, all professors shall be hired for an... Read More
Thursday, 29 September 2016 11:11 AM
Continue reading
742
1 Comment
Write a Comment

Our Partners