ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
16

A Good February for Electricity Generation: Time for Reflection, After Last Year’s Worries

  In February 2017, Georgia experienced the largest gap between generation and consumption in the last decade. This was followed by an even greater gap in March 2017. The size of those gaps, and the fact that the historical trend was suggesting an increase in the electricity gap, prompted policy proposals emphasizing the need to encourage investments in power generation. The goal of such policies would be to avoid future energy security challenges due to electricity shortages and fast increasing electricity prices. Most of the strategies suggested s...
Rate this blog entry:
Continue reading
323
0 Comments
Write a Comment
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 ...
Rate this blog entry:
Continue reading
349
0 Comments
Write a Comment
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...
Rate this blog entry:
Continue reading
583
3 Comments
Write a Comment
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...
Rate this blog entry:
Continue reading
643
4 Comments
Write a Comment
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...
Rate this blog entry:
Continue reading
1031
0 Comments
Write a Comment
Mar
26

On Pepsi, McDonald’s and the Promised Land

Back in 1991, I attended a big “Does Socialism Have a Future?” conference hosted by my alma mater, the Hebrew University in Jerusalem. The session I remember most vividly featured a Hungarian dissident, a poet, ridiculing ineffective communist propaganda. “Communists”, he told a sympathetic audience, “tried to convince us that jeans can cause impotence in young males, and that Coca Cola is bad for people’s health”. At this point, a trembling female voice could be heard in the back of the conference hall: “But Coca Cola is bad for people’s health! ◊ ◊ ◊ ...
Rate this blog entry:
Continue reading
874
0 Comments
Write a Comment

Our Partners