In a recent blog post, Y. Babych and L. Leruth raised several issues related to public infrastructure management in the city of Tbilisi. They observed that the consequences of poor past management practices were highly visible. But some of these consequences are also less visible or less immediate. Take schooling, for example. If the authorities fail to plan for the expected increase in the city’s population over the next few years and neglect to build an adequate number of kindergartens/pre-schools, the results will be overcrowded, fast-decaying pre-schools, and eventually poor educational outcomes. Similarly, as the number of cars keeps growing, the authorities must plan new roads and enhance their maintenance.

Christopher Hitchens, one of the greatest public intellectuals of the last four decades, famously said 'The only way for any country to get out of poverty is the empowerment of women'. Everyone at ISET would no doubt agree with him – Professor Norberto Pignatti in particular, whose latest publication examines how increasing women's participation in the labor force is important for sustainable economic development in transition countries.

The ISET Policy Institute has once again demonstrated its relevance and focus on regional economic research with the publication of a research paper in the 117th issue of the Caucasus Analytical Digest (CAD), a bimonthly online magazine. The Institute’s article, 'International Diversification of Agricultural Trade of Armenia, Azerbaijan, and Georgia', was written by Phatima Mamardashvili, Salome Gelashvili, Ia Katsia, and Salome Deisadze and examined the agricultural trade relations of the three South Caucasus countries from 2002-2018.

May 11 saw the second discussion in ISET's ongoing series of international policy online panels which examine the possible socio-economic effects of the COVID-19 pandemic. The second panel was dedicated to what the higher education sector will look like when the pandemic is declared to be over.

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.