ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
29

What Can Georgia Learn from Sweden’s Educational Disaster?

Between 2000 and 2012, Sweden fell in the Programme for International Student Assessment (PISA) by 16 places from the 7th to the 23rd rank, and in the 2015 PISA study, Sweden ranked 28th of 34 countries in mathematics! As the OECD writes: “No other PISA-participating country saw a steeper decline in student performance over the past decade than Sweden.” Who is to blame? TOO MUCH COMPETITION? Those from the left side of the political spectrum claim that too much freedom of choice was introduced to the Swedish educational system. Since 1992, a voucher syst...
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Eric Livny
I am not there is anything Georgia could learn from the Swedish experience, at least not based on the article. It also seems that... Read More
Wednesday, 10 May 2017 5:05 AM
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Apr
19

Bread Should Be Baked By the Baker!

"Sixty-Eight Million Dollars Were Given for Colleges Last Year: – if  the Mania for College Education Continues We May Soon Expect the Above State of Affairs" American and Western European visitors to Georgia are fascinated by the fact that middle-aged Georgian taxi drivers often brandish a couple of engineering degrees, while young hotel receptionists and shop assistants frequently come with law, business and international relations education. Having spent a couple of days in Tbilisi, visitors may come to imagine that Georgia is so abundant in huma...
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Florian Biermann
Ok, the situation is dire, but what do you expect in a country with $4,000 per capita income? One should compare the situation in ... Read More
Wednesday, 19 April 2017 2:02 PM
Simon Appleby
One issue not discussed in the issue of military conscription. Suspended midway through last year, it was reinstated in Novemberht... Read More
Wednesday, 19 April 2017 2:02 PM
Eric Livny
Simon, thanks for your comment. First, I could not agree more. We actually do mention the current system of military conscription ... Read More
Wednesday, 19 April 2017 3:03 PM
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Mar
27

In Georgia Education Matters (But Probably Will Not Make You Rich)

“Education is what remains after one has forgotten what one has learned in school” – Albert Einstein It is widely recognized that education is the key to the future. In general, educated people have higher earnings and lower unemployment rates and highly-educated countries grow faster and innovate more than the other countries. Therefore, in the recent economic literature, education is considered as an investment good and look for the other investments, there is the costs and benefits of the investments in the education. The cost of the education is the ...
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Mar
18

Rising Generation of Georgian Agripreneurs

According to the ILO’s Global Employment Trends Report, agriculture accounts for 32% of total employment globally, and 39% in Asia and the Pacific. In spite of this, it seldom tops young people’s “most wanted” wish list of careers. In developed countries like Korea and Australia, employment in the agricultural sector is gaining more and more popularity, however, moving back to the countryside in developing nations remains associated with poverty, inefficiency and lack of progress. In Georgia, the majority of the population is employed in agriculture, but...
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Jan
21

Money for Nothing: Why Don’t Georgian Students Act Like Investors?

Back in 2005, the Georgian government introduced the Unified Entry Examinations (UEE) for admittance into universities. Before the UEE, each university had their own set of entry examinations and examiners, which opened the system to abuse and corruption. With the introduction of the UEE, the government of Georgia managed to make the system fairer and more transparent. As part of this process, the government provides merit-based scholarships to students, based on standardized test scores. The very best students can get up to 2,250 GEL per year for all th...
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Recent Comments
Tamta Bibiluri
Should we expect that all schools in Georgia are as credible as ISET. There is clear threat of corruption, would the government be... Read More
Monday, 23 January 2017 8:08 PM
Salome Deisadze
Tamta, I agree that it creates a lucrative opportunity for corruption and this process needs to be monitored very strictly. Relat... Read More
Tuesday, 24 January 2017 7:07 AM
Tamta Bibiluri
Children from poor family are less likely to take such a risk given their family livelihood at stake and uncertainty of reward of ... Read More
Tuesday, 24 January 2017 2:02 PM
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Nov
28

TUMORROW IS ALREADY HERE

Spending a big chunk of their precious summer vacation in Armenia was not exactly my kids’ dream. Their wish list included far more exotic destinations in Africa, the Far East and Europe’s leading capitals – Vienna, Paris or London. And, yet, it did not take too much convincing for them to go on a one-week trial at TUMO’s summer school for creativity in Yerevan. All I had to do was show a few pictures from TUMO’s website: What was supposed to be a one-week trial turned into a four-week immersion into the world of photography, 3D modeling and animation (...
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