In cooperation with the German Economic Team Georgia (GET Georgia) and the Ministry of Economy and Sustainable Development, ISET-PI is offering a course in Cost-Benefit Analysis (CBA) for Government Professionals. The course has been designed for economists in Georgian ministries who evaluate investment projects. Participants will learn how to design and conduct a CBA.
Green policies might stimulate growth in Georgia through various effects, depending on the sector they target. For example, monetizing emission reductions has a high potential for success and could be marketed to other countries as a sustainable solution to automotive emission.
On September 4, 2014, ISET Conference Hall hosted Dr Sophie Ghvanidze, Hochschule Heilbronn, with her presentation. Does Country-of-Origin Matter? The Case of Georgian Wine for German Wine Consumers". The purpose of this study is to identify dimensions of country images of Georgia in terms of benefits sought by German wine consumers of Georgian wine.
Cost-Benefit Analysis (CBA) is an economic tool for the comparison of costs and benefits associated with various alternatives. This tool is used to systematically estimate the strengths and weaknesses of different options of investing capital. It is a technique that is used to determine options that provide the best outcomes in terms of benefits in labor, time and cost savings etc.
On June 11, 2014, ISET hosted Douglas H. Brooks, the Assistant Chief Economist of the Asian Development Bank's Economics and Research Department. He presented Georgia’s main trade statistics and discussed the benefits to Georgia from global value-added trade.