The Human Development Index is the measure of a country’s development widely used around the world. It is a composite of the measures covering different aspects of human life, used to compare different countries. The annual report on Regional Human Development for 2016 in Eastern Europe, Turkey and Central Asia has been recently published, covering a wide variety of topics such as the labor market, gender gaps, health, sustainable human development, and matters of inclusive governance. Inequality and human development in Georgia and the region was the topic of discussion at a workshop organized by the local office of the United Nations Development Program (UNDP) and hosted by ISET on April 11th.

On April 10, ISET students delivered yet another policy seminar. A presentation entitled “Foreign Direct Investment (FDI) & Economic Growth. Case of Georgia” was delivered by Givi Gujaraidze, Tinatin Mumladze, Kristine Gureshidze, and Shota Bakhuashvili under the supervision of Eric Livny, President of ISET, and Yaroslava Babych, Head of Macroeconomic Policy Research Center at ISET Policy Institute. The presentation was mostly oriented towards the case of Georgia. It aimed to highlight the importance of FDI for the Georgian economy and show the impact of FDI on growth rates of different sectors of the economy. The presentation provided information about the country’s investment environment: why is Georgia an attractive country for foreign investors and why is it easy to do business in Georgia. Additionally, the last part of the presentation discussed examples of successful FDI projects in different areas.

We are excited to announce that this week ISET will be hosting a second delegation representing the Norwegian School of Economics in Bergen. A four-day program is planned starting on April 3, which includes anti-corruption seminars, public discussions, and site visits to relevant public institutions and businesses.

The main goal of these events was for Georgian and Norwegian students to better understand of political and socio-economic context of Georgia’s anti-corruption reforms, what worked and what did not work. Georgia is internationally recognized for its successes in reforming the public sector, improving the quality of public services, and eliminating corruption. Georgia’s experience – both positive and negative – carries lessons both for its current policymakers and development practitioners around the world.

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