ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
06

Should the World Sacrifice the Economy to Save Lives Today?

No two countries that both have a McDonald's have ever been at war wrote American political commentator and author Thomas L. Friedman in 1996. Since then, of course, there have been plenty of instances of countries with McDonald’s warring, including Russia and Georgia. Though, one should not take Friedman’s phrase too literally. Rather he implies that the spread of McDonald's is a part of a worldwide phenomenon of countries integrating with the global economy, which, in turn, makes wars less likely. Well, Kudos to globalization. But also, thanks to globa...
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Mar
15

Equal Rights Are Not Just for Women: Are We Ready for New Paternity Leave Policies in Georgia?

The following blog article was conceived of within the deliberations of a project, together with UNFPA, related to the cost assessment of potential changes to the leave policies of working parents. Admittedly, like the majority of the population, I had no idea that men in Georgia have the opportunity to take leave intended for childcare. It is a fact that since 2011 the number of fathers who have taken “childcare” leave can be counted on just two hands (including the ISET Alumnus, Giorgi Balakhashvili). As a future father this topic proves to be particul...
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Mar
13

How to Prevent the Tobacco Law from Going Up in Smokes?

BACKGROUND After a hike in excise tax on cigarettes in January 2017, Parliament of Georgia is going to introduce legislative changes to the existing tobacco control law (TCL) in March. Since its enactment in 2003, TCL has been modified several times. However, the recently proposed changes can be considered the most radical step towards a tobacco-free society in Georgia. New draft law comprehensively covers production, packaging, marketing, advertising, selling and consumption of tobacco, and other activities of tobacco businesses. The main changes can be...
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Oct
19

ISET Consumer Confidence: Anticipation Beats Realization

The CCI, which is computed by ISET-PI on a monthly basis, monitors how Georgians feel about their personal financial situations and the economic well-being of the whole country. Roughly speaking, the index is computed as the difference between the frequencies of positive and negative answers to 12 questions covering the present and expected economic situations of the households surveyed, as well as general economic parameters of the country, such as inflation and unemployment. It ranges from −100, a result that would follow if all respondents answered al...
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