
The strength of the Swedish economy is a byword throughout Europe, and, so any lessons learned from Swedish experts will be of the utmost value for developing economies.

In what has been a decidedly international few months for ISET with recent visits to Japan, Norway, and India (as well as a trip to Uzbekistan in late October), yet another member of the institute's faculty has traveled abroad, this time to Germany.

On Friday, July 15th, Professor David D. Friedman of Santa Clara University gave a presentation entitled “Market Failure Considered as an Argument both for and Against Government”. Professor Friedman is one of the leading libertarian thinkers in the USA and, together with Murray Rothbard, the most influential proponent of so-called anarcho-capitalism.

This project identifies sectors and subsectors of the Georgian economy which have a higher potential for growth and which the Georgian Government should prioritise when designing strategies to attract foreign investors and increase EU export levels post DCFTA.

On Wednesday, May 18 Hans Timmer, Chief Economist of Europe and Central Asia (ECA) at the World Bank, paid a visit to ISET. He delivered a presentation entitled “Economic Outlook for the South Caucasus”, transmitting the idea that the countries of Europe and Central Asia (ECA), including Georgia, are transitioning to a situation – against the backdrop of a weakening global economy and volatility in international financial markets – which is called 'New Normal' and is characterized by the slow trend growth of global trade, low commodity prices, and less abundant availability of international liquidity.