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Is inequality bad for economic development? There has been a lively debate on this issue. Some economists argue that inequality is necessary for economic growth, while others are against it.
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Poverty and income inequality are two of the top concerns for the newly elected Georgian government. Indeed, despite impressive growth performance (annual growth rates have averaged more than 6% since 2005), Georgia remains a poor country.
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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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A long season of high-stakes elections in Georgia, Ukraine, and now the United States is finally over. Once the last campaign posters are taken down, we may as well start asking: now what?