The emergence of GVC, global value chains, around more than two decades ago transformed the way economists think about countries’ comparative advantage and specialization in production. It has also transformed the understanding of what it takes for a country to be successfully integrated into world trade networks and derive maximum benefit from global trade.

This paper is the first to create a comprehensive mapping of the Global and Regional Value Chain participation for Georgia and other CAREC region countries using the Eora Multi-Regional Input-Output Model (MRIO). The paper was written with support from the CAREC Think Tank Network Research Grant.

The ISET-PI team provided training in macroeconomic forecasting and tools for independent policy research to the staff of the Ministry of Economic Development and Trade (MoEDT) of Tajikistan.

ISET Policy Institute research team was comissioned by UN Women to conduct Regulatory Impact Assessments and Gender Impact Assessments for Women’s Economic Empowerment in Georgia.

According to the Georgian socio-economic development strategy, “Georgia 2020”, the economic politics of the Georgian government is based on the following principles: