31
January
2020
Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2019, and their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The real GDP growth rate reached 3.8% year-on-year for December 2019.
31
January
2020
The emergence of GVC, global value chains, around more than two decades ago transformed the way economists think about countries’ comparative advantage and specialization in production. It has also transformed the understanding of what it takes for a country to be successfully integrated into world trade networks and derive maximum benefit from global trade.
30
January
2020
ISET’s faculty continues to prove itself on the world stage with no fewer than two papers soon to be published in international journals. Both papers were authored by Professor Muhammad Asali, a veteran member of ISET’s faculty and graduate of Colombia University; Muhammad later taught at Colombia, as well as New York University and Union College.
15
January
2020
On January 15, ISET had the privilege to host a living economic legend when Professor Erik S. Reinert visited the institute to participate in the Georgian-language launch of his book, How Rich Countries Got Rich, and Why Poor Countries Stay Poor. His work, which was originally published in 2007, has now been published in over twenty languages and remains one of the most widely-discussed economic works of recent years.
10
January
2020
The economic policies of successive Georgian governments have arguably lacked cohesive direction when it comes to inclusive growth. There still remains an open question of whether the overall goal has been to pull people from agriculture or to leave them where they are while pushing productivity up via, for instance, funding the development of cooperatives or clusters. Concurrently, the state also has introduced industrial policies, like establishing SME support agencies that operate under the auspices of different ministries.
