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In his blog post “The puzzle of agricultural productivity in Georgia and Armenia”, Adam Pellillo raises the following question.
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Mathematical literacy has always been a key factor in improving a country’s productivity and competitiveness. Stanford University’s Eric Hanushek has shown that there is a positive relationship between students’ performance in mathematics tests and economic growth.
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On November 20, 2012, Azim Sadikov, a Senior Economist from the IMF’s Resident Representative Office in Georgia, delivered a presentation of the IMF’s annual report on the “Caucasus and Central Asia [CCA] Regional Economic Outlook” to ISETers. The presentation covered an analysis of current and projected macroeconomic trends on both the global and CCA regional scale.
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In recent weeks there has been a lot of talk about alleged monopolies and cartels in Georgia, and Georgia’s future competition policy. With few exceptions, this debate has been pathetic.
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At least on paper, Georgia has all it takes to be a successful agricultural producer: a favorable tax environment, mild climate, long growing season, inexpensive labor force, and abundant water resources.