Once again, Georgians across the country are preparing for the holiday season, making travel plans, crushing walnuts for gozinaki, and buying gifts for their friends and families. Gifts are an important part of celebrating the New Year and Christmas, signifying the importance of friendship and allowing us to treat our loved ones to something to start a brand new year in style.

On Tuesday, April 7th, ISET hosted Professor Giorgio Brunello from the University of Padova. Prof. Brunello presented his recent paper titled "Pappa Ante Portas: The Retired Husband Syndrome in Japan”, which he collaborated with his colleague Professor Marco Bertoni.

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.

Until the 1960s, Japan was an amazing place to live. One did not have to lock one’s house, car, or bicycle, as nobody was going to steal anything. Theft, burglary, and cheating were virtually non-existent in the Japanese society of those days. Imagine how much resources this saved, as the Japanese did not have to employ guards, they did not have to install alarm systems, they even did not need to buy locks.