Inequality, Inclusive Growth, and Fiscal Policy in Asia
19 November 2015

On November 18th, ISET hosted Principle Economist of Asian Development Bank, Dr. Donghyun Park, who gave a presentation on Inequality, Inclusive Growth, and Fiscal Policy in Asia.

Georgia’s Currency is Much More Than the GEL/USD Exchange Rate
14 September 2015

It is easy to understand what it means for an economy to be weak or strong. We know that a strong economy is characterized by low unemployment and high growth rates. Other desirable traits are, for example, low levels of poverty and income inequality, when all citizens enjoy reasonable standards of living.

Population Situation Analysis in Georgia
10 July 2014

The main purpose of the consultancy was to contribute to the elaboration of the Population Situation Analysis (PSA) section on Socio-Economic Context in Georgia. The Government of Georgia (GOG) and the Prime Minister have announced addressing demographic challenges as a top priority of the country. UNFPA was asked to support undertaking the Population Situation Analysis (PSA) in Georgia, in order to generate evidence regarding demographic situation that would be further used for elaboration of the Demographic Strategic Plan for Georgia.

Georgia – A Country Between Poland and Korea
16 June 2014

In the first part of this article, I described some of the adverse incentives resulting from a social welfare system. Then I argued that according to Simon Kuznets' famous paradigm, increasing inequality is hardly evitable when a country enters a growth trajectory (as Georgia did in 2003), and I reasoned that it is at least an ambivalent (not to say questionable) policy for Georgia, at its current state of development, to fight inequality by social welfare measures. In this vein, the article seemed to advocate that Georgia might better follow the “Asian” approach of “develop first, redistribute later”.

Towards a More Equitable Georgia
26 January 2014

Last week I discussed the economic consequences of inequality. Contrary to a traditional tenet of economics, empirical research has shown that inequality may have adverse economic consequences. Inequality increases the risk of political instability in a country, posing a threat to investments due to the fact that political unrest is highly detrimental to the profits made from any economic activity.