ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Feb
01

COVID-19 in Georgia's Agriculture: a challenge, an opportunity or both?

The COVID-19 pandemic has led to widespread economic distress in many countries around the world. For the first time since 2009, the world’s gross domestic product (GDP) is expected to have declined in 2020. Alongside other sectors of the economy, such impacts are also being felt by the food and agricultural sector. The pandemic has affected food security and nutrition, supply chains, food and livestock production, and food safety. The pandemic consequently poses a serious threat to livelihoods in poor countries, those where agricultural production syste...
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Jan
11

May Certain Trends Brought By COVID-19 Be Worth Keeping Post-Pandemic?

The pandemic has taken an enormous toll on human lives and health globally. It has severely impacted the socio-economic state of millions of households, bringing immeasurable human tragedy, paralysis of social connectivity, economic crisis and, to a certain extent, culture shock. This shock is, in part, the result of the many new practices introduced as a means of dealing with this situation, utterly altering our day-to-day lives. Since we hope to see an improved state of affairs by the end of 2021 after months of cohabitation with the pandemic, it is no...
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Dec
14

COVID-19 and Food Safety in Georgia

“Food safety risks cannot be entirely eliminated but must be managed along the entire food chain, from farm to table. Reducing food safety risks requires collaboration across sectors, stakeholders and national borders” Dr Hans Henri P. Kluge, WHO Regional Director for Europe. It has been almost a year since the world started struggling with the challenges of the COVID-19 pandemic. Countries follow the recommendations and precautions provided by the World Health Organization (WHO) in order to prevent the spread of the virus. While various businesses, scho...
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Dec
07

COVID-19 – A Threat but Also an Opportunity for More Decisive Actions Against Climate Change

Covid-19 has exposed many countries to severe healthcare and economic crises, which have disproportionally adversely affected the most vulnerable and low-income parts of society. The current pandemic crisis, however, has also brought some interesting opportunities to light. For example, it has shown that relatively quick change is possible, as the unfolding of the COVID pandemic led to significant changes in working practices and individual behaviors, leading to dramatic reductions in greenhouse emissions around the world. Building on these experiences, ...
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Nov
30

Food Security and COVID-19 in Georgia

Food supply systems are crucial to the economies of most developing countries, supplying the largest share of food production, and constituting livelihoods and a key source of income for the majority of the population (FAO, 2020). It is therefore vital to maintain the steady flow of goods and services required from local and international food supply chains to ensure the health of the population, and to protect their incomes and livelihoods. Lockdowns from the COVID-19 pandemic have created logistical issues and posed challenges to the function of food s...
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Oct
19

Sorry, You're Fired Due to COVID! Has COVID-19 Widened Gender Gap?

When the Georgian unemployment statistics for Quarter 2 (April, May, June) of 2020 came out, no one was surprised to see that the national unemployment rate, which had been falling steadily over the previous quarters, and even years, suddenly increased by 0.9 percentage points relative to the same quarter of 2019 (more precisely from 11.4% in Q2 2019 to 12.3% in Q2 2020). Perhaps we were more surprised by the fact that the unemployment rate did not go up more drastically in the midst of a strict lockdown, various travel restrictions, and quarantine measu...
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