ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
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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Apr
03

Middle class, safety nets and social contracts: on the road to development

I was happy to see that my blog post “Who needs a safety net?” stimulated a lively debate, which was exactly its purpose. However, so many points have been raised that I have decided to write a new post on the topic rather than answering to each one of them separately. Johannes Jütting (Head of the Poverty Reduction section at the OECD Development Center in Paris) argues in an article recently published by The Georgian Times in its online version that “rising inequality, lack of civic participation, political apathy, and a dearth of good jobs, particular...
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Guest — Eric
The question of social capital and how it relates to the need for the Georgian government to provide a social safety net is a very... Read More
Friday, 06 April 2012 7:07 PM
Guest — Michael
It's also the question of a country having the capacity to administer social welfare, and to make changes if necessary. Even for d... Read More
Friday, 06 April 2012 5:05 PM
Guest — Eric
The (a) type views are likely to develop over time in Georgia given how efficient, transparent (literally :-)) and modern are its ... Read More
Saturday, 07 April 2012 8:08 AM
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Dec
21

Who needs a safety net?

One of the definitions of a safety net that one can find on the internet is the following: “a net placed to catch an acrobat or similar performer in case of a fall”. This brings to my mind images of thrilling performances I saw at the circus when I was a child. I have to admit in most cases a safety net was used. It was only removed on some rare occasions, and the increased tension became palpable. We knew that only the best acrobats could dare perform in those conditions because even a slight mistake or distraction could lead to disastrous conseque...
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Guest — Eric
Lasha, two points:1. Social safety nets do imply somewhat higher taxes, somewhat more rigid labor markets and somewhathigher gover... Read More
Wednesday, 21 December 2011 9:09 PM
Guest — Lasha
There are a lot of problems to be dealt with, definately... But approach "Nothing or Everything" is not an economic way of thinkin... Read More
Wednesday, 21 December 2011 6:06 PM
Guest — Michael
I think Greece, Spain and Italy are instructive. As is Sweden. Designing a social safety net that sets the right incentives and do... Read More
Thursday, 22 December 2011 12:12 AM
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