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Lari Depreciation: Is a Financial Crisis on the Horizon?
04 March 2015

The recent bouts of sharp lari depreciation caused much anxiety among the Georgian population, prompting fears of inflation, loan defaults, and bank failures, on the one hand, and the typically Georgian political speculations over “who is to blame”, on the other.

Making Sense of FDI Dynamics
27 February 2015

Foreign direct investment (FDI) is critical to every developing county, and Georgia is no exception in this regard. Georgia wants to grow out of poverty and catch up with the economically more developed regions of the world – for this to happen, foreign resources are needed, in particular, if the domestic savings rate is as low as in Georgia.

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:

Georgia’s Trade in 2014: Does Export Decline Suggest a Loss of Competitiveness?
23 January 2015

According to the latest GEOSTAT figures, merchandize exports from Georgia decreased by 1.63% between 2013 and 2014. This is certainly not great news for the country, but does it imply that Georgian goods have become less competitive on the world market? Recent trade data suggest that this is not necessarily the case.

Anastasiya Shchepetova: ISET’s First PhD in Economics
24 December 2014

It is a moment the entire ISET community has been eagerly waiting for the last 6 years, ever since its first class graduated in 2008. Asya Shchepetova, the most Georgian Ukrainian economist, has just defended her doctoral dissertation and received an economics Ph.D. degree from the Toulouse School of Economics in France, a global leader in the field of industrial organization and competition policy.

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