On January 30, 2014, ISET hosted Dr. Rognvaldur Hannesson from the Norwegian School of Economics. Dr. Hannesson gave a presentation on the somewhat unusual topic of Fisheries Economics.
The value of a currency, measured in terms of other currencies, has consequences for the real economy. A more expensive lari, for example, makes it more profitable to import goods into Georgia. The importer has to pay the foreign goods with foreign currency, and when the lari is more valuable, fewer lari is needed to pay for them.
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.
This project aims to support the development of business-oriented small farmer groups (e.g., agricultural cooperatives) with the goals of increasing agricultural productivity and reducing rural poverty in Georgia.
Last week I discussed the economic consequences of inequality. Contrary to a traditional tenet of economics, empirical research has shown that inequality may have adverse economic consequences. Inequality increases the risk of political instability in a country, posing a threat to investments due to the fact that political unrest is highly detrimental to the profits made from any economic activity.