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The Georgian Labor Code: Real Challenges and False Myths
08 March 2013

Georgia’s current rank in the ease of “hiring and firing practices” and “redundancy costs” (weeks of salary an employer is required to pay a dismissed worker) is 9th and 13th, respectively (World Economic Forum’s Global Competitiveness Report, 2012-13).

Is an Old Tax a Good Tax?
05 March 2013

On February 22, 2013, Professor Michele Bernasconi (Università “CàFoscari”, Venice, Italy) presented his paper “Tax Evasion: Does fiscal pressure matter? Lessons from the behavioral economics”, which was co-authored by Luca Corazzini and Raffaello Seri, to ISET students, researchers, and faculty.

Poverty in Georgia
05 March 2013

The ability of families to meet their most basic needs is an important measure for the development of a country. Poverty touches on questions of human dignity and fairness in society, but beyond that, poverty causes problems that may impair long-run economic prospects, like crime, social unrest, and underinvestment in human capital.

Free Trade vs. Protectionism: Georgia's Contribution to an Old Debate
01 March 2013

Georgia is flooded with cheap Turkish products: tasteless winter tomatoes, clothes, construction materials, you name it. Turkish goods are everywhere – in specialized shops in central Tbilisi, supermarkets, and the Eliava Bazroba.

Which is Better: Schooling or Homeschooling?
26 February 2013

Not long ago I heard an interesting statement from an appreciated person about schooling. He said that the "one-size-fits-all" or "factory" model of schools was an inefficient use of the children's time.

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