ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Dec
28

Enguri HPP Is Closing While Demand on Abkhazia’s Side Keeps Growing: Challenges and Opportunities for The Georgia’s Electricity Sector at the Beginning Of 2021

According to the last four years’ data, Georgia has a chronic electricity deficit in ten months out of twelve, with the country showing an electricity surplus only in May and June (and, occasionally, in April and/or July). Despite the COVID-19 crisis dampening electricity demand in the country, 2020 was no exception. After two months - May and June - characterized by a positive generation-consumption gap, starting from July 2020 Georgia has been generating less electricity than required to cover consumption. To fill this deficit, Georgia imported energy ...
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Dec
21

Improving the Mix and Match in the Labor Market: Can Education Management Information Systems help?

Education in Georgia is essentially the responsibility of the public sector (the vast majority of total enrolment in the case of General education) and has received a lot of attention in recent years with public outlays to the sector tripling between 2010 and 2019 to reach 3.6 percent of GDP. This remains low by OECD standards, however: OECD countries spend on average a little under 5% of their GDP on education.1 This may partly explain why PISA scores have remained low in Georgia. Out of 78 countries, Georgia ranks 67th, 71st and 74th in the three PISA ...
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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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Nov
16

Tbilisi: a Growing City with Growing Needs

  Until 2014, the population of Tbilisi remained more or less constant, even slightly decreasing at the same rate as the population of the country as a whole. Since 2014, though, there has been a marked migration to the capital as seen in the graph below. A similar trend is observed all over the world.  On average, a little over half of the global population currently lives in cities and, according to a recent report by the UN, that figure is expected to increase to 66 percent by 2050.1 Georgia is almost there: taken together, the country’s 7 l...
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