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ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.
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  • Nutsa Bazlidze
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  • Maka Chitanava
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  • Ia Katsia
  • Salome Gelashvili
  • Tamar Sulukhia
  • Norberto Pignatti
  • Giorgi Papava
  • Luc Leruth
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How has Ukraine offered an opportunity for the world to become better, and how is the world responding?
The war in Ukraine had just begun when I wrote (on the ISET Policy Institute's website and in the Georgian Times) that the present events in Ukraine offer the world a chance to become better. I could not have predicted at the time that hostilities would unfold in such a disastrous fashion or scale, nor could I have anticipated that, following four weeks of the war, we would witness an even larger and, I would say unimaginable human and global catastrophe.
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Top 5 economic consequences of Russia’s war on Ukraine: a view from Georgia
As I am writing these lines, Russian tanks are moving deeper into the territory of my country, Ukraine, and emotions are threatening to overwhelm me. But emotions cannot shake what we, as economics scholars, value the most: devotion to truth and careful, impartial use of facts and logic to arrive at conclusions.
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Energy security and the transition to a green economy. Is the Georgian media ready?
In previous articles we have discussed the visible deterioration of Georgia’s energy security, where energy demand keeps increasing and the share of domestic energy sources in overall primary supply (the gross amount consumed by the country over one year) is declining. Reversing this trend requires the country to accelerate the pace that it develops domestic – and mostly renewable – energy generation capacity; ideally in combination with greater efforts to improve energy efficiency.
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Inflation of Trust
World economies hampered by the pandemic; countries facing public healthcare crises, with millions killed by COVID-19; thousands of cities under lockdown; social distancing and transformed social practices; countless institutions functioning online; the youth spending endless days and nights in front of computer screens; and, globally, over a year of online education. This is the reality in many countries around the world, including Georgia, in the spring of 2021.
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Right or Left: What Are Political Parties’ Economic Visions?
Last week Georgians took part in largely proportional parliamentary elections. Dozens of parties were registered as election contestants. To what extent do their visions coincide with yours in different important areas of public policy? You can get a detailed answer to these questions on the digital platform "Election Compass Georgia".
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Belarusian Path to Transition: Lessons for Georgia?
“The lobby of the Metropole, Moscow's lovingly restored grand hotel a few blocks from Red Square, is almost deserted on this gray spring afternoon. That's just fine with Jeffrey D. Sachs, a boyish-looking 38-year-old Harvard professor who is now probably the most important economist in the world. He has appropriated a cluster of comfortable armchairs for a meeting with two members of his team, Americans who work full time in Russia. The agenda is Russia's safety net or, more precisely, whether unemployed workers will be able to make ends meet.
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