Economic reforms announced in the run-up to the parliamentary elections in October 2016 raised concerns about whether Georgia was departing from its path of prudent fiscal policy. A reform of the corporate profit tax and increased infrastructure investment were driving expectations of a 6% of GDP budget deficit in 2017, endangering Georgia’s macroeconomic stability and its reputation with investors.

“The fundamental problem for Georgian security is that Russia holds all the major cards and no one is reshuffling the deck in Georgia’s favor”, writes Neil MacFarlane in his 2016 article on Georgia’s security situation. Georgia has a mighty neighbor that is not democratic, does not respect the right of self-determination of nations, and, most importantly, actually brings its military power to bear whenever Russian (legitimate or illegitimate) interests are not sufficiently honored.

In 1991, the former finance minister of Chile, Alejandro Foxley, said in an interview: “We may not like the government that came before us. But they did many things right. We have inherited an economy that is an asset.”

ISET is proud to announce that resident faculty member Norberto Pignatti has recently become a research fellow at the Institute for the Study of Labor (IZA), a private, independent research institute based in Bonn (Germany), which conducts nationally and internationally-oriented labor market research. IZA runs the world's largest research network in economic science, comprising over 1,300 international Research Fellows and Affiliates, as well as Policy Fellows from business, politics, society, and the media.

The International School of Economics in Tbilisi (ISET) and ISET Policy Institute (ISET-PI) are seeking Multimedia Designer. The Multimedia Designer is generally responsible for producing, managing, and publishing multimedia materials for ISET and ISET-PI (photos, videos, and visualizations).