Georgian retail prices increased at the end of October. Driven by seasonal fruits and vegetables, ISET’s Retail Food Price index gained 2.2% m/m (compared to the last week of September). However, compared to October 2015, we still observed a significant 13.5% decline in food prices.
On November 2, ISET hosted Francois Painchaud, the IMF Resident Representative in Georgia. Mr. Painchaud presented the 2016 November Regional Economic Outlook for the Caucasus and Central Asia, highlighting three main areas: global and regional environment, outlook and policy actions, and policy priorities.
The project aims to estimate the impact of foreign students on Georgia’s economy. Since 2013, ICMPD has been carrying out the EU-funded project “Enhancing Georgia's Migration Management” (ENIGMMA). The project assists the Georgian government in managing and improving the conditions for migrants in Georgia.
The Republic of Georgia was among the fastest Former Soviet Union countries to implement large-scale land reform and land redistribution plans, starting in 1992. Land redistribution resulted in the formation of hundreds of thousands of small family farms, replacing large-scale collectives and production cooperatives (Sovkhozez and Kolkhozes). The main purpose of this land individualization process was, arguably, to help a large part of the population survive extremely hard times.
A question of causality: Does modernization of agriculture lead to economic growth or does growth induce a modernization of the agricultural sector? For many years, this question has been hotly debated among development economists. While those economists who believe in growth-led agriculture (GLA) were dominating until recently, now the proponents of agriculture-led growth (ALG) are afloat again. Which insights does this debate yield for Georgia?