10
May
2017
Nobel-winning economist James Heckman proclaimed that “the data speak for itself” after he carried out an experiment known as the 'Perry pre-School Project' and discovered that investing in high-quality preschool education brings returns of around 14 percent – a rate of return that is much higher than standard returns on stock market equity (7.2 percent).
08
May
2017
ISET’s Khachapuri Index kept declining in April, which is in line with seasonal trends. The average cost of cooking one standard Imeretian khachapuri currently stands at 3.32 GEL, which is 2.5% lower month-on-month (compared to March 2017), and 4.9% above year-on-year (compared to April 2016).
01
May
2017
Listening to discussions in professional circles and among policymakers, one can easily notice that the topic of energy security is often used as a reason to justify certain decisions or point out the problems existing in the sector. Energy security is frequently associated with energy “independence” – a condition that only a few countries in the world can claim to have achieved.
29
April
2017
Between 2000 and 2012, Sweden fell in the Programme for International Student Assessment (PISA) by 16 places from the 7th to the 23rd rank, and in the 2015 PISA study, Sweden ranked 28th of 34 countries in mathematics! As the OECD writes: “No other PISA-participating country saw a steeper decline in student performance over the past decade than Sweden.” Who is to blame?
19
April
2017
American and Western European visitors to Georgia are fascinated by the fact that middle-aged Georgian taxi drivers often brandish a couple of engineering degrees, while young hotel receptionists and shop assistants frequently come with law, business, and international relations education. Having spent a couple of days in Tbilisi, visitors may come to imagine that Georgia is so abundant in human capital that entry into these fairly undemanding occupations is extremely competitive.
