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Panel Discussion on Foreign Land Ownership Regulation
17 February 2015

On Friday, February 13, 2015, a debate on a new law on agricultural land ownership was held at Expo Georgia. The debate was organized by USAID’s G4G project and ISET. The debate’s panel comprised government officials, experts, foreign investors, and businesses, and the event was moderated by Eric Livny, Director of the International School of Economics.

Harmonize, but do not Harm!
13 February 2015

The “do no harm” (primum non nocere) principle is well known to students of medical schools. It is one of the most fundamental maxims in medicine, as formulated, for example, in the Epidemics book of the Hippocratic Collection:

Does Competition Spoil People?
03 February 2015

Many of the influential critics of capitalism shared a sentiment that life under competitive pressure is not good for human beings. Marx felt deep uneasiness about the fact that workers have to “sell” their workforce – he feared that this would contribute to “alienation” between the worker and their work. One of the main objectives of the Socialist society was therefore to create a new kind of human, a human who would not compete with others in the market arenas and who would not be driven by selfish motives.

Farmers without Verve
20 January 2015

During the last three months, the Agricultural Policy Research Center (APRC) of ISET-PI was working on a study about family farming in Georgia. Within this project, we conducted interviews with farmers and owners of agribusinesses. These interviews elicited many intriguing facets of Georgian agriculture, but one aspect I found particularly interesting was that Georgian farmers apparently have a rather negative view on agricultural jobs.

Shaken by weak consumer demand – Q1 2015
15 January 2015

The Business Confidence Index decreased slightly and registered 24.5 points in Q1 (previous quarter BCI was 24.9). Decrease in the retail sector business confidence is marginally the highest. This is driven by a sizeable drop in Consumer Confidence. Consumer Confidence Index (CCI) fell sharply since November 2014. The sales price expectations turned from negative to positive in the first quarter of 2015. Insufficient demand remains the most limiting factor for doing business in Georgia.

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