ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Sep
21

Georgia’s Shrinking Population

“Georgians would have half a child if there was such a possibility”. Armenian Bishop Vazgen in Kita Buachidze’s Black Book   According to the population projections of the United Nations (constant fertility scenario), by the end of this century the Georgian people will count only 2.8 million. In 2013, Georgia has been among only 19 countries in the world with a population that decreased year on year. An aggravating factor is the sex ratio of babies, which in Georgia is heavily skewed towards males. While globally about 107 boys are born per 100 girl...
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Eric Livny
Having read this article, I am utterly confused. Should Georgia be worried about having not enough or too many children? (and how... Read More
Monday, 21 September 2015 3:03 PM
Guest — Adam
Most of the population decrease in Georgia is due to migration. The Georgian economy does not provide many opportunities for worke... Read More
Monday, 21 September 2015 4:04 PM
Nino Doghonadze
Eric, you are asking difficult questions but I will try to answer below:"Should Georgia be worried about having not enough or too ... Read More
Tuesday, 22 September 2015 8:08 AM
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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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Apr
01

President Margvelashvili and Cartu Foundation Unveil Plans to Usher a New Era in Georgia’s Public Schooling

April 1, 2015 A little-known experiment launched in 2009 is about to revolutionize Georgia’s countryside. “Teach for Georgia (TG)” [1] is a small program administered by the National Center for Teachers’ Professional Development, seeking to stream new blood into the public education system. With a tiny annual budget of 212,000 GEL, TG was initially conceived as a publically funded “startup”, an attempt to think and act out-of-the box. Though starting small and mainly focusing on schools in remote mountain communities, TG has always been seen as potential...
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Guest — Y
Great, where do I sign up?.... But I am worried - what if I spend a year in the mountains and still can't redefine my purpose in l... Read More
Thursday, 02 April 2015 12:12 AM
Guest — megiddo02
I fully agree with the message of the article -- radical, groundbreaking reforms are needed in Georgia's school system.The specifi... Read More
Thursday, 02 April 2015 5:05 PM
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May
26

Discrimination in Georgia

On May 2, 2014, the Georgian parliament unanimously passed the law on the elimination of any form of discrimination. The stated objective of the law is to ensure that any physical or legal entity equally benefits from all rights defined by Georgian legislation, irrespective of race, skin color, language, sex, citizenship, place of origin, birth or residence, wealth or class status, religion or belief, national, ethnic or social belonging, profession, marital or health status, disabilities, sexual orientation, gender identity, political or other considera...
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Guest — Simon Appleby
Sometime's one man's trash is another man's treasure. Many Turkish-owned companies in Georgia preferentially employ Georgians of A... Read More
Tuesday, 27 May 2014 6:06 AM
Guest — Jeff
There is more to employment discrimination than mere stereotyping. The employer's perception that his or her customers would prefe... Read More
Tuesday, 27 May 2014 1:01 PM
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Apr
18

On Women and Money

One of the few economists who won the Nobel Peace Prize is Muhammad Yunus, a Bangladeshi who invented the concept of microcredits. What is it about? Usually, it is very difficult for poor people to receive credits from banks. Their creditworthiness is considered low, as they have no collateral and little resources to make up for possible losses. Yunus believed, however, that poor people have good business ideas, and he did not doubt their seriousness to pay back the money. In the late 1970’s, he visited the poorest families in a Bangladeshi village calle...
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Oct
28

The Georgian Solution to the Tragedy of the Commons

In Georgia today and in Europe in the past, villages owned pastures where every shepherd and cattle-herder in the community could take his animals. Grazing on these pastures was free and unrestricted. This land, owned by all villagers jointly, is traditionally referred to as the “commons” (in the last years, the term has been extended to also refer to free-to-use internet content). The access to common land is unregulated, and consequently the villagers utilize on this resource as much as they can. Due to the heavy overuse, the common land in villages ha...
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Guest — Charmm
Brilliant! Very interesting article interlinking ancient Georgian mythology with the fundamental principles of economics. As famou... Read More
Monday, 28 October 2013 1:01 PM
Guest — Nikoloz
" these property rights were indeed assigned, but not to villagers, but to their gods."In Khevsureti, village Roshka there is a pa... Read More
Tuesday, 29 October 2013 3:03 PM
Guest — COMUS
Very interesting article, enjoyed reading a lot! "The habit of Skoptsy men to castrate themselves may have played a role in their... Read More
Thursday, 31 October 2013 5:05 PM
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