ISET would like to thank the Japanese embassy for organizing and sponsoring our latest public lecture, graciously arranged by ambassador Akira Imamura. The ambassador kindly addressed the audience and offered his introductions to Professor Masahiko Takeda, who went on to pose a captivating presentation on the history and future of the Japanese economy.

We live in a world where the production of a single good typically involves manufacturing inputs from many different countries around the globe. For example, a typical iPhone production takes place in as many as 7 countries, including the USA, Mongolia, Japan, Korea, Taiwan, China, and even Switzerland. This is what is known to economists as global value chains (GVC). The emergence of GVC more than two decades ago transformed the way economists think about countries’ comparative advantage and specialization in production.

For the first time in history, the price of Bitcoin broke its highest record (Figure 1) rising above 2,900 USD during the last week of June, 2017. One of the reasons why the market unexpectedly became optimistic about Bitcoin could be the fact that in April, the Japanese government formally accepted1 the cryptocurrency as a mean of exchange, which gave it more validity in Asia’s richest economy.

ISET takes pride in its diverse international community and uses every chance to celebrate it. The international tea party hosted in the cafeteria was an excellent illustration of this tradition. On February 6, ISET students from Armenia, Azerbaijan, Georgia, Japan, and Iran took over ISET's cafeteria to host the community with tasty delights of their home countries.

ISET Policy Institute together with Japan Tobacco International (JTI) Georgia offers free of charge training program "Leaders in Development". The program is designed for anybody who is involved in or is affected by, public policy decisions: government analysts and decision-makers, parliament staffers, private sector executives, civil society activists, as well as development professionals working in international organizations.