On the 14th of February, the Ministry of Economy and Sustainable Development of Georgia published the draft version of the Socio-economic Development Strategy 2020 (SDS). This comprehensive document identifies the main socio-economic challenges Georgia will be facing in the next years and presents a strategy how to cope with them. The overall goal is to achieve sustainable and inclusive growth by the end of this decade.

The project provides findings and policy recommendation from a series of eight case studies documenting foreign direct investment in Georgia's agriculture and food processing industry, including grape and wine production, hazelnuts, poultry, cereals and medicinal herbs, pickled fruit and vegetables, as well as apple concentrate and aroma.

Assuring access to modern energy services for the whole population is a crucial step to improve human well-being and stimulate economic and social development. The International Energy Agency (IEA) has identified the lack of access to modern energy services as one of the main obstacles to overcome in order to achieve the UN Millennium Development Goals. In its 2011 World Energy Outlook, the IEA argued forcefully about the need to find and mobilize the resources required to extend access to modern energy services to the poor around the world.

On February 25, 2014, ISET hosted Dr. Sergei Izmalkov of the Moscow New Economic School. Dr. Izmalkov, who works with the most popular Russian search engine, Yandex, presented a paper he co-authored with Dmitry Arkhanglesky, Dilyara Khakimova, and Sergey Lyashenko, titled: “On the evaluation of click-through rates and conversion rates of different positions in sponsored search auctions”.

Last week, we argued that political decision-makers have a tendency to overregulate a society, as new laws, even useless or harmful ones, create the impression that politicians are addressing problems in society. Moreover, we outlined the theory of a military historian who claims that the Red Army was an “overregulated army”, explaining the disproportionate death toll of the Red Army in the Second World War.