For a long time, Russia was seen as the land of opportunity for foreign investors. The allure of the country with a large population, vast natural resources, and more importantly, a large middle class willing to spend money, was irresistible. The burgeoning economy, however, held a few secrets which threatened to derail investors’ hopes.

Until very recently Russia was considered by many foreign companies a somewhat difficult but promising country for investment, a “land of opportunity” that perhaps necessarily came with a hefty dose of a “riddle wrapped in a mystery inside of an enigma”. The difficulty was stemming primarily from Russia’s heavy-handed bureaucracy. Stories of corrupt practices, politically motivated court decisions, and questionable tax authorities’ tactics abounded.

On December 12, Dr. Azar Abizade of the School of Business at the Azerbaijan Diplomatic Academy held a seminar at ISET about flight rescheduling problems and the incentives for airlines to report their preferences. Research into this problem was conducted according to mechanism design and matching theory.

There are many possibilities for how to increase the productivity of the Georgian agricultural sector. Experts suggest upgrading knowledge and technologies, promoting collaboration among farmers, and coping with the land fragmentation problem, to name just a few of the ideas circulating in the debate.

On November 8, 2013, ISET hosted the first event in a series of discussions on the topic of inclusive growth. The topic of the event was Land ownership of agricultural land: political stability and social cohesion vs. economic efficiency. The presentation opened with a short video prepared especially for the dialogue and was followed by a short presentation about the sector.