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The Crisis in Ukraine and the Georgian Economy
21 March 2014

When Ukrainian President Victor Yanukovich decided not to sign the association agreement with the European Union and instead opted for a Russian package of long-term economic support, many Ukrainians perceived this not to be a purely economic decision. Rather, they feared this to be a renunciation of Western cultural and political values, and – to put it mildly – were not happy about this development.

"Inclusive Growth" Policies: Roads Paved with Good Intentions
17 March 2014

The recently published government strategy “GEORGIA 2020” aims “to ensure that the majority of Georgia’s population benefits from economic growth”. The natural million-dollar question, however, is how this “inclusive growth” objective could be achieved in reality. In other words, how to make sure that the economy grows while creating jobs and business opportunities for the poor.

When Morals Constrict the Markets
14 February 2014

It is well known that government intervention, be it through taxation or regulation, can obstruct the functioning of markets. Yet there is another kind of influence that may also have strong effects on the efficiency of an economy but is much less discussed, namely the set of values, traditions, and moral standards a society subscribes to.

Italian Ambassador Visits ISET: Historical challenges and choices that Italy faced following World War II
14 February 2014

On February 12, 2014, ISET hosted the Italian Ambassador to Georgia, H.E. Federica Favi. The Ambassador gave a presentation about the historical challenges and choices that Italy faced following World War II.

February 2014 Macro Review | By how much did the Georgian economy grow in 2013. what does the past tell us about the future?
08 February 2014

In recent months, ISET‐PI has devoted considerable time to explore the reasons behind the sharp decline in annual real GDP growth in 2013 (from 6.2% in 2012 to 3.3%). With official data for the whole of 2013 finally becoming available, we are taking this opportunity to revisit our previous conclusions and offer new insights.

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