29
June
2020
The Regulatory Impact Assessment (RIA) has proved to be an effective policy-making tool and has been integrated into policy and legislative processes in an increasing number of countries. Over the last few years, the Government of Georgia has embarked on the process of institutionalizing RIA as an integral part of policy-making.
01
May
2020
The consequences of COVID-19 on tourism and in the industrial and service sectors have been discussed broadly recently. However, little has been said about the current and future implications on the Georgian power sector. The worldwide pandemic has already had and is still expected to have, quite significant implications on both the demand and supply sides of the electricity market. Although at this stage, we cannot estimate the exact scale of the effects, it is possible to represent a general theoretical framework of the existing and potential impacts.
30
April
2020
From April to July, ISET will lead an online training program in Regulatory Impact Assessment aimed at equipping the members of participating institutions with the required technical skills and understanding of the procedures associated with carrying out the RIA in accordance with the methodology set out by the government of Georgia in January 2020.
17
March
2020
We live in a world where the production of a single good typically involves manufacturing inputs from many different countries around the globe. For example, a typical iPhone production takes place in as many as 7 countries, including the USA, Mongolia, Japan, Korea, Taiwan, China, and even Switzerland. This is what is known to economists as global value chains (GVC). The emergence of GVC more than two decades ago transformed the way economists think about countries’ comparative advantage and specialization in production.
10
March
2020
“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.
