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ISET Economist Blog

A blog about economics in the South Caucasus.
May
10

What Can Be Achieved Through Better Education?

When speaking about unemployment, arguably the sorest problem in many market economies, “better education” is one of the standard remedies proposed by economists. This recommendation is given to rich and poor countries alike. Yet since I am in Georgia, I am increasingly skeptical about this recipe. To what extent can the education and training of people, or, to use the economic term, the accumulation of human capital, foster economic development? In Georgia, you may have studied law and you really know your trade, but there is an oversupply of lawyers, a...
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Guest — Nikita
I agree that young people’s (and their parents’) educational choices may be informed by extraneous considerations. However, I also... Read More
Friday, 11 July 2014 1:01 AM
Guest — Eric Livny
I think I tend to agree with (some of) the libertarian arguments. Of course, the oversupply of formally trained lawyers, internati... Read More
Friday, 10 May 2013 11:11 AM
Guest — Zahra
Improvements demands creativity (which were not included in Soviet education system) and hardworking (reasons of which is ambiguou... Read More
Monday, 10 February 2014 11:11 PM
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Feb
26

Which is Better: Schooling or Homeschooling?

Not long ago I heard an interesting statement from an appreciated person about schooling. He said that the "one-size-fits-all" or "factory" model of schools was an inefficient use of the children's time. According to his opinion, homeschooling could be more effective and yield better outcomes than standard mass education. There is no doubt that the school system children are exposed to have an impact on their developments, starting at a relatively early age. So the topic is important for every country, but in particular for a country like Georg...
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Guest — Maka
Lasha thanks for the nice post. Like the idea of home schooling and changing education paradigms. I agree on general formal school... Read More
Wednesday, 27 February 2013 10:10 AM
Guest — Nino
Lasha, thanks for an interesting post. I would still go for schooling rather than for homeschooling. First of all, it is really d... Read More
Wednesday, 27 February 2013 10:10 AM
Guest — Lasha
Thank you Maka and Nino, I will try to answer both of your comments, while they have one common aspect about the social environmen... Read More
Wednesday, 27 February 2013 11:11 AM
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Feb
01

Rethinking Medical Residency Programs in Georgia

According to the Law of Georgia on Medical Activity[1], postgraduate medical education can take place only in accredited institutions and/or medical schools from March 2009 onwards. This seems to be a good initiative. Presumably, the goals of this law were to promote higher quality education for future doctors in the country and to deliver higher quality healthcare to the population of Georgia. These are relevant goals, of course, as the life of a human being in terms of both length and quality is and should be the most serious concern for every country....
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Guest — Lasha
Yap, Regulators are those Guys, who know how to make decision about quality/quantity
Saturday, 02 February 2013 2:02 PM
Guest — Nino
I think I understood your point, Lasha Nevertheless, I would love to believe badly that to some extent these decisions will serve ... Read More
Sunday, 03 February 2013 11:11 AM
Guest — Lasha
I would love to believe that you can believe something more creative If you have time have a look at works of Stigler, Petztzman,... Read More
Monday, 04 February 2013 2:02 AM
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Nov
23

Math Education – an Engine of Economic Growth in the 21st Century

  MATH EDUCATION AND GROWTH: RECENT EVIDENCE Mathematical literacy has always been a key factor in improving a country’s productivity and competitiveness. Stanford University’s Eric Hanushek has shown that there is a positive relationship between students’ performance in mathematics tests and economic growth. This is not at all surprising. Proficiency in math implies a high-level of cognitive skills among the labour force, in other words a high quality of human capital, which leads to technological innovation and productivity gains. Another more re...
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Guest — Archil
Givi, Good review! I do agree with you that we need to prioritize mathematics; There is a myth in the west that Georgians are good... Read More
Friday, 23 November 2012 8:08 PM
Guest — Maka
Nice post and interesting relationship. I hope new government will joint PISA again and we will be able to monitor changes in Geor... Read More
Friday, 23 November 2012 8:08 PM
Guest — Eric
This result is likely driven by the rapid advancement of South Korea, China and other Asian nations who populate the upper right c... Read More
Monday, 26 November 2012 1:01 PM
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Oct
15

“Invisible Hand“ in the Georgian Preschool Education Sector

The private provision of childcare in Georgia’s cities has been on the rise during the last few years as is especially evident in the capital. Many of the new private kindergartens (KG) are said to provide very good quality services, helping enrich the set of preschool educational choices available to parents (or, rather, their children). Private KGs may be quite a bit more expensive relative to the public alternative, yet their share of the market is increasing over time, suggesting that more and more Georgian families are willing to pay a premium for b...
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Guest — Matsatso
I really enjoyed not only this interesting article, but the cover photo too In fact, there is being introduced some differentia... Read More
Monday, 15 October 2012 3:03 PM
Guest — Nino
Thank you, Matsatso. I guess your sister's story is true for many other parents also who chose private over public KG. Whether it ... Read More
Monday, 15 October 2012 5:05 PM
Guest — Eric
Yes, there are queues. Lasha could not get his son into a public kindergarten and had to opt for an at least twice more expensive ... Read More
Monday, 15 October 2012 9:09 PM
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Sep
05

Who Is Able To Afford A Khachapuri?

As reported in our Khachapuri Index Column, the prices of key khachapuri ingredients have started rising in July, given their strong correlation with the annual cycle of agricultural production in Georgia. A standard portion of Imeretian khachapuri can now be cooked at slightly more than 3GEL, on average. Now, while 3GEL does not sound like a lot for the expats and the better off Georgians, it may be beyond reach for many of the less fortunate Georgian households. To remind ourselves: about 9.2% of Georgia’s population (close to 400,000 people) are ...
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