“The Economics of Nature. Can Georgia afford Economic Growth without Taking Care of its Nature?” was the title of a panel discussion jointly organized by GIZ and ISET, and examined an important issue facing the country.

In economics, there is a long-standing debate on whether emerging markets should adopt a fixed exchange rate currency regime or leave their exchange rates up to markets to decide. Intuitively, the exchange rate is just another price, similar to the price of a sack of potatoes, a liter of milk, or a kilogram of honey. Except that the exchange rate is the price of 1 unit of foreign currency (say, 1 US dollar) in terms of our domestic currency.

We are excited to announce that this week ISET will be hosting a second delegation representing the Norwegian School of Economics in Bergen. A four-day program is planned to start on April 3, which includes anti-corruption seminars, public discussions, and site visits to relevant public institutions and businesses.

It is widely recognized that education is the key to the future. In general, educated people have higher earnings and lower unemployment rates and highly-educated countries grow faster and innovate more than the other countries. Therefore, in the recent economic literature, education is considered as an investment good and look for the other investments, there are the costs and benefits of the investments in the education.

ISET is implementing a new training program, "Economics, Finance, and Banking," with VTB Bank. The aim of the program is to introduce VTB Bank's employees to the major principles of economics, finance, and banking.