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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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  • Mariam Lobjanidze
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  • Maka Chitanava
  • Salome Deisadze
  • Ia Katsia
  • Salome Gelashvili
  • Tamar Sulukhia
  • Norberto Pignatti
  • Giorgi Papava
  • Luc Leruth
  • Yaroslava Babych
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Developing a circular economy in Georgia – the benefits, achievements, and challenges
Circular economy and integrated waste management are both concepts we often hear when discussing issues of ecological well-being or climate change. This way of imagining the economy has already gained a foothold in many countries. The idea of the circular economy itself implies a different attitude towards patterns of production and consumption, that which aims to minimize wasted resources.
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Is climate change a serious threat that affects you?
Today is 24 March, and it’s been snowing heavily in Tsavkisi for the past few days. My yard and street are covered by about a full meter of snow. Cars are stuck on the snow-covered streets and our small community is physically cut off from the rest of the world. Locals can’t remember such a snowstorm, especially in March.
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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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Should Georgia worry about the dependence on Russian energy?
During such challenging times, as the Russia-Ukraine conflict escalates daily and threatens the lives of thousands, as well as the wellbeing of everyone around the world, having experienced the horror of war, we Georgians especially feel the pain of the Ukrainians.
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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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Dollarization of bank deposits in Georgia: what everyone should know
The term “dollarization”, commonly used among academic economists and finance specialists, has already entered Georgians’ everyday vocabulary. Few people, however, understand what dollarization is, how it comes about and why they should care. Below we try to fill this gap, explaining some basic concepts and discussing why and how dollarization affects ordinary people’s lives.
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