05
March
2013
The ability of families to meet their most basic needs is an important measure for the development of a country. Poverty touches on questions of human dignity and fairness in society, but beyond that, poverty causes problems that may impair long-run economic prospects, like crime, social unrest, and underinvestment in human capital.
08
February
2013
For the first time since 2007 Georgia is a net electricity importer. Last year the total electricity generated declined by 4% and a 1.3% increase in total internal demand was observed.
17
October
2012
Several years ago the (now former) Georgian government started successful reforms in the electricity sector and was eagerly looking forward to future projects.
13
March
2012
I know. I know that I know. For as long as the human race existed, knowledge embodied power. In the life of a society, however, what becomes even more important is the fact that we share certain knowledge with fellow human beings, and that we, moreover, are aware of each other’s knowledge.
29
September
2008
Central banks are often surrounded by an aura of mystique and the common man on the street seems to have very little understanding not only of what, why, and how exactly a central bank does, but most importantly of how much a central bank actually can do. It is commonly believed that the job of a central bank is to print money, which sounds rather trivial.
