Recently, we discussed the low ranking of Georgia when it comes to social capital (“Since When Do Georgians Trust Banks More Than Friends?”). In the 2012 Legatum Prosperity Index, our country ranked #140 in the social capital subindex, out of 142 surveyed countries!

ISET-PI was contracted by the German International Cooperation Agency (GIZ) to build the capacity of policymaking agencies and the NGO community in Azerbaijan to develop macroeconomic indices for their own needs.

The scars of the 2008 global financial crisis and the festering wounds of the ongoing European debt crisis seem to have obscured one simple textbook truth.