ISET Economist Blog

01 April 2014

Eric Livny

Georgia, Armenia and Azerbaijan Agree to Form Transcaucasian Confederation by 2019

1 April 2014, ISET Economist's special correspondent in Geneva. The ISET Economist was invited to attend the signing ceremony concluding the last round of trilateral negotiations held in Geneva under the joint sponsorship of the Swiss Confederation, the US, Russia, and Turkey.

31 March 2014

Florian Biermann, Nikoloz Pkhakadze

The Ethics of Empty Stomachs

At the end of Act 2 of Bertolt Brecht’s Three-Penny-Opera, the proletarian petty criminal Macheath, and his prostitute Jenny reply to the bourgeois representatives of the establishment urging them to uphold moral standards: “First comes a full stomach, then comes ethics!” This aphorism echoes the widely held contention that ethical behavior is a privilege of those who have satisfied their material needs.

28 March 2014

Tim Stewart

Farmer Groups: Why We Love Them, Why We Do Them and Why They Fail

As Georgia embarks on an ambitious program to develop farmer organizations, it is worth considering both the positive and negative lessons from the experience of similar initiatives, both in Georgia and elsewhere in the developing/transition context. The piece by Tim Stewart, originally published on www.springfieldcentre.com, identifies some of the main reasons for the failure of start-up farmer organizations.

24 March 2014

Maka Chitanava

Yes, We Trust!

Until the 1960s, Japan was an amazing place to live. One did not have to lock one’s house, car, or bicycle, as nobody was going to steal anything. Theft, burglary, and cheating were virtually non-existent in the Japanese society of those days. Imagine how much resources this saved, as the Japanese did not have to employ guards, they did not have to install alarm systems, they even did not need to buy locks.

21 March 2014

Florian Biermann, Giorgi Tsutskiridze

The Crisis in Ukraine and the Georgian Economy

When Ukrainian President Victor Yanukovich decided not to sign the association agreement with the European Union and instead opted for a Russian package of long-term economic support, many Ukrainians perceived this not to be a purely economic decision. Rather, they feared this to be a renunciation of Western cultural and political values, and – to put it mildly – were not happy about this development.

17 March 2014

Eric Livny, Olga Azhgibetseva, Nino Doghonadze

"Inclusive Growth" Policies: Roads Paved with Good Intentions

The recently published government strategy “GEORGIA 2020” aims “to ensure that the majority of Georgia’s population benefits from economic growth”. The natural million-dollar question, however, is how this “inclusive growth” objective could be achieved in reality. In other words, how to make sure that the economy grows while creating jobs and business opportunities for the poor.

ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.