While written in 1991, “The Development Frontier” by Peter Bauer has lost none of its relevance for Georgia and other predominantly agrarian economies of the 21st century. Economic development, suggests Bauer, “begins with the replacement of subsistence activities by production for sale.

Do development projects reach their stated objectives, such as reducing poverty, improving skills, creating jobs, etc.? This turns out to be a complicated question about project impact that a simple before-and-after measurement would not help answer. Why?

On October 11, 2013, ISET was pleased to host Swiss Ambassador to Georgia H.E. Günther Bächler. In introducing his presentation the ambassador outlined his interesting career track, which started with a BA in Art and History of Art and then moved to conflict studies and diplomacy.

Professor Einar Hope from the Norwegian School of Economics (NHH) is a leading Nordic authority on energy market design and regulation. In 1995-1999, he took a break from academic activities and served as director of the Norwegian Competition Authority.

When economists speak about education and human capital, they usually mean formal education. It is provided in schools and universities by formally qualified teachers. These are imparting knowledge that is laid down in curricula, and the result of the learning process is testified by certificates and diplomas conferred to those students who passed exams.