The COVID-19 pandemic and consequent stringent lockdown measures have had a drastic toll on the Georgian economy. The economic downturn has significantly affected the resilience of local Small and Medium Enterprises (SMEs), whose sales decreased by almost 13% (YoY) in the first two quarters of 2020. These negative impacts of the economic contraction have been particularly severe for Women-led Small and Medium Enterprises (WSMEs).

Christopher Hitchens, one of the greatest public intellectuals of the last four decades, famously said 'The only way for any country to get out of poverty is the empowerment of women'. Everyone at ISET would no doubt agree with him – Professor Norberto Pignatti in particular, whose latest publication examines how increasing women's participation in the labor force is important for sustainable economic development in transition countries.

On November 15-16, 2019, FREE Network and ISET Policy Institute organized and conducted an international gender economics conference in Tbilisi, Georgia1. The conference brought together researchers, policy-makers, and the broader development community to discuss obstacles to gender equality and women’s economic empowerment, and policies to remove the existing constraints, focusing on Eastern Europe and Emerging Economies.

Today, around 126 million women are believed to be “missing” around the world due to son preference and gender-biased sex selection (GBSS). Since the 1990s, some areas in the world have seen up to 25% more male birth than female birth (UNFPA Georgia). For example, the sex ratio at birth (SRB) increased from 107 in 1982 to 120 in 2005 in China [while the natural level is 102-106 males per 100 females] (Li, 2007).

November 15-16 witnessed the largest and most high-profile event of ISET’s year: the first international conference on gender economics entitled ‘Removing Obstacles to Gender Equality and Women’s Economic Empowerment’. The two-day event, hosted by ISET and the FREE Network (the Forum for Research On Eastern Europe and Emerging Economies), attracted academics from 14 countries, including Australia, India, Canada, the countries of the South Caucasus, Eastern and Western Europe.