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ISET Economist Blog

A blog about economics in the South Caucasus.
May
07

Georgia’s Economy Grows, Agriculture Shrinks: What Should We Do?

Since 2012, when the political party Georgian Dream took leadership of the country’s governance, economic [real] growth reached its highest rate in 2017 (5.0%). The drivers of this growth were construction (11.2%), hotels and restaurants (11.2%) and the financial sector (9.2%). However, a few sectors of the economy declined in 2017, and one was agriculture (-2.7%). Experts on this sector agree that 2017 was a “bad year” for Georgia’s agriculture. Winter lasted longer and spring frost damaged fruit plantations. This was followed by some periods of drought...
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Simon Appleby
The growth in the construction industry is largely driven by foreign investment, both equity and debt, and supplemented by locally... Read More
Monday, 07 May 2018 10:10 AM
Pati
Thanks, Simon!Nobody should question the importance of FDI for Georgian agriculture. What we should question, however, is the tran... Read More
Tuesday, 22 May 2018 3:03 PM
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Apr
16

The Knowing of Not Knowing in Water Management (and how to tackle the issue)

  The Georgian government is currently facing some tremendous challenges in adjusting to the EU Association Agreement (AA). A particularly problematic area of reform concerns the implementation of Directive 2000/60/EC, aka the European Water Framework Directive (WFD). Properly managing water resources is an extremely difficult endeavor that requires a deep understanding of all the mechanisms at work. Failing to adequately manage water resources could have profound and long lasting negative consequences, both in terms of the development perspectives ...
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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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Eric Livny
Great article, Lika!A question/suggestion. How about introducing a 40%-50% gender quota for a LIMITED period of 10-12 years? This ... Read More
Tuesday, 10 April 2018 2:02 PM
Lika Goderdzishvili
Thank you, Eric! That could be an option in general, however, political environment and institutional development play a crucia... Read More
Tuesday, 10 April 2018 3:03 PM
Florian Biermann
The article discusses the technical question of how one could implement a quote. The question whether a quota is a good idea in th... Read More
Wednesday, 02 May 2018 3:03 PM
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Apr
07

Blockchains for Agriculture: The Future is Unwritten

  Blockchain technology became a huge story last year due to the hype over cryptocurrencies such as Bitcoin and Etherium. Banks and other financial institutions are rushing to adopt blockchain technology. Nowadays, about 15% of financial institutions use blockchain technology to secure and validate transactions. IBM was the one of the first companies that saw the potential of blockchain use and encouraged startups related to the concept. While blockchain technology is mainly associated with the use of cryptocurrencies, the concept can be implemented...
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Eric Livny
Salome, you should read this https://www.kp.ru/daily/26388/3266046/. I laughed and cried at the same time. This Shlyapnikov guy mu... Read More
Tuesday, 10 April 2018 4:04 PM
Eric Livny
На чем-то Шляпникова надо было поймать. Поймали на очередной шутке - на якобы деньгах, «колионах» (от названия села Колионово), ко... Read More
Tuesday, 10 April 2018 4:04 PM
Salome Deisadze
That is so true, Eric. Georgian farmers mainly conduct transactions in cash. In this regard, blockchains might contribute to recor... Read More
Tuesday, 10 April 2018 4:04 PM
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Apr
01

The FitCoin Revolution!

  ◊ ◊ ◊ Once dubbed Georgia's Abu Ghraib, Gldani Prison #8 has gone through a substantial makeover since its darkest hours in September 2012. The entire staff was replaced or retrained during 2013, swiftly and effectively ending human right violations. The following year, the prison won a prestigious award as Georgia’s best correctional facility. In 2015, about 180ha in the prison’s backyard became home to Bitfury, an international bitcoin industry pioneer. The company invested close to $100mln in its Gldani data center, placing the prison at the ep...
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Mar
19

2018 – A Turning Point for the Georgian Electricity Market?

This year Georgia’s electricity market will have to go through some crucial reforms. The signing of the Association Agreement and Georgia’s accession to the energy community in October 2016 imposed some important obligations on the country to reform its energy markets. For the electricity market, 2018 will be a turning point. Among the key obligations the country committed to under the energy community accession protocol were the adoption of: (i) Directive 2009/72/EC, concerning common rules for the internal market in electricity and (ii) Regulation (EC)...
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