ISET has again affirmed its position among think-tanks on the world stage by having the ISET Policy Institute listed once more on the Global Go To Think Tank Index. It is a proud moment for the ISET community since ISET Policy Institute is ranked in the 2020 Top Domestic Economic Policy Think-Tanks globally and 2020 Best Independent Think-Tanks globally. The Index is published on a yearly basis by the Think Tanks and Civil Societies Program, run by the University of Pennsylvania's Lauder Institute. The purpose of the Index is to examine the ways in which think tanks and their work interact and assist with public sector authorities all over the world; the rankings are created with the help of senior academics and researchers from a plethora of leading global institutions.
ISET has again affirmed its position among think-tanks on the world stage by having the ISET Policy Institute listed once more on the Global Go To Think Tank Index.
In early February, Dr Leruth gave a presentation to the G20's Task Force on Multilateralism and Global Governance. His address, entitled "Identifying Ultimate Beneficial Owners: A risk-based approach to improve the transparency of international financial flows", is also the key aspect of a research paper which is being co-authored and produced by representatives from the universities of Liege and Tilburg; it will be published by July. To have a member of ISET's faculty address members of a G20 Task Force is an extremely proud moment for ISET. The institute offers heartfelt congratulations him on yet another career achievement.
The ISET Policy Institute recently participated in a discussion of the draft law on agritourism in the Parliament of Georgia. On the 25th of January, the Agricultural Policy Research Center attended a hearing of the draft law on agritourism by the sectorial committee of the Parliament of Georgia, during which our research team presented the findings of the Regulatory Impact Assessment (RIA) of the draft law and discussed the associated socio-economic benefits and costs. The draft law on agritourism was prepared by the Agrarian Committee of the Parliament of Georgia in collaboration with the Georgian Farmers Association, and financial support from UN women. It intends to create a legal basis for the functioning of agritourism businesses in Georgia and contribute to the rural development of Georgia through the economic diversification of activities in rural areas.
The strength of the ISET community is best demonstrated by the solid bonds that exist within the community. The number of ISET community members are returning to help the institute by passing on their skills, knowledge and experience to the next generations continues to grow. One example is Ala Avoyan, one of the most successful graduates ISET has ever had. She finished her studies in 2012 as the valedictorian of her class, before earning a fully-funded scholarship to New York University to pursue a PhD, after which she secured a position as an associate professor at Indiana University. Ala came to Tbilisi for a short visit in 2019 to teach a two-week course in Experimental Economics. Her teaching was entirely voluntary, and a result of her desire to give something back to ISET. Ala also gave a career development talk in which she shared her experience and gave valuable insight into the opportunities and challenges graduates may expect to encounter.
Regulatory Impact Assessment (RIA) is a core tool for regulatory quality. It is a systemic approach to structurally define policy issues and critically assessing the likely positive and negative effects of the regulatory and non-regulatory alternatives proposed to address them. Georgia has formally institutionalized Regulatory Impact Assessment (RIA) in 2020, with the amendment to the Law on Normative Acts, which is a substantial step towards evidence-based, participatory policy decision-making in the country. RIA institutionalization process started several years ago, with the support of several international donors. Over the last few years, the capacity of public servants, civil society and academia representatives has been built through training cycles, coached hands-on pilots, and donor-funded grants to conduct RIAs of selected reform initiatives. Despite this, at this early stage of RIA institutionalization, the public sector’s capacity in undertaking RIA is still limited, hampering evidence-based policymaking process.