A question of causality: Does modernization of agriculture lead to economic growth or does growth induce a modernization of the agricultural sector? For many years, this question has been hotly debated among development economists. While those economists who believe in growth-led agriculture (GLA) were dominating until recently, now the proponents of agriculture-led growth (ALG) are afloat again. Which insights does this debate yield for Georgia?

ISET Policy Institute executive director Lasha Labadze attended the fourth annual ADB-Asian Think Tank Development Forum 2016 on October 27-28 in New Delhi, India, organized by the Indian Council for Research on International Economic Relations (ICRIER), the National Institute of Public Finance and Policy (NIPFP), and the Asian Development Bank.

ISET's prominence in the agricultural development sector has been displayed once again with the institute's participation in a meeting led by the Georgian Alliance on Agriculture and Rural Development (GAARD) on October 26 at Tbilisi's Courtyard Marriott hotel. Led by Oxfam, GAARD is one of four ENPARD implementing consortia.

In what has been a decidedly international few months for ISET with recent visits to Japan, Norway, and India (as well as a trip to Uzbekistan in late October), yet another member of the institute's faculty has traveled abroad, this time to Germany.

Forecasters, professionals and amateurs alike, all got it wrong. The Brexit came as a surprise because the bookmakers (people who organize bets on developments in politics, economics, and sports) reported that about three times more money was put on the event that Britain would stay in the EU than on its alternative. With poll results being inconclusive in the weeks before the referendum, this led many pundits to believe that Britain would stay in the EU.