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The Economics of Happiness
19 March 2013

The Kingdom of Bhutan is a very special country. When in 2004 King Wangchuck announced that there would be free elections and the kingdom would be gradually transformed into a democracy, people demonstrated in the streets against these reforms.

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.

ISET’s Visiting Professor Dr. Hans Wiesmeth’s Presentation at the National Science Academy of Georgia
20 February 2013

On February 15, 2013, Professor Hans Wiesmeth, vice-president of the Saxon Academy of Sciences, delivered a presentation titled “Integrated Environmental Policies: Supporting the Sustainable Development of Georgia” to the academic community at the National Science Academy of Georgia. The event was initiated and supported by ISET.

Is Some Degree of Corruption Good for Growth? – It Could Be.
15 February 2013

It is a commonly accepted view that corruption is bad for economic growth. It leads to an inefficient allocation of resources by contradicting the rules of fair competition and by setting wrong incentives.

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