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When thinking of “market distortions” we typically imagine government regulations, taxes, and subsidies that prevent market mechanisms from achieving an optimal outcome. For example, if you pay $100 for a 30-minute taxi ride (as is the case in many European capitals), you can easily relate it to a government regulation requiring all taxi drivers to be licensed (at a very high cost). In the absence of such a requirement, many more drivers would be able to enter the taxi driving profession, increasing supply and reducing prices.
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Since the outbreaks of the Asian financial crisis in the late 1900s and the global financial turmoil in 2007, assessing the strengths and weaknesses of a financial sector based on a set of financial indicators has become increasingly important.
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On January 31, 2014, ISET hosted the third of a series of events concerning inclusive growth. The topic of the event was Vocational education and training (VET) in Georgia.
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The 2012 elections can be regarded as one of the most important events in the political life of Georgia. More so than at any time during the country’s 20-year history of independence, these elections were distinguished by a high level of uncertainty regarding the final results, and fierce competition between the ruling party and its major opponents.
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On December 18, 2013, ISET hosted the second event in a series of discussions on the topic of inclusive growth. The topic of the event was Modernization of Vocational Education and Training (VET) and Extension Systems related to agriculture in Georgia.