ISET

Policy Briefs

  • Income Distribution and Poverty Reduction in Georgia

    This paper analyses income distribution and poverty reduction in Georgia in the period 2010 to 2017/2018. As we have no data for 2019, our findings do not relate to the most recent distributional policies of the Georgian government. Our results suggest that while Georgia has substantially reduced poverty and income inequality, continuous monitoring of the situation would be helpful.Main findings are: • Georgia has made significant progress in poverty reduction, almost Read More
  • Taking Stock of Georgia’s Larization Policy Since 2016: What Worked, What Didn’t, and What Needs to Change

    In the past several months the world has been rocked by profound economic and social turbulence. The COVID-19 epidemic has forced many countries around the world into widespread emergency lockdowns. Economic activity plunged dramatically in February-March 2020, with rapid indicators showing strong contractions in retail, restaurant business, and passenger transport. The scale of the imminent economic fallout is not yet known, but early expert opinions suggest that the economic shock may be even more dramatic than Read More
  • The Social Impacts of COVID-19 – Case for a Universal Support Scheme?

    Beyond its impact on the healthcare system, the COVID-19 pandemic via economic shocks has already reached labor markets throughout every economy. As of 1 April 2020, ILO estimates indicate a substantial rise in global unemployment, leading to 6.7% decline in working hours in the second quarter of 2020, which is equivalent to 195 million full-time workers. In this policy note we will draw the reader’s attention to the potential scale of Read More
  • How Does Covid-19 Affect the Food Supply Chain in Georgia?

    Images of empty shelves in grocery stores worldwide have emerged amid the COVID-19 pandemic. So far, this has had little to do with an actual shortage of food products but rather has reflected the behavior of panicked consumers who are hoarding food. While some earlier publications (e.g., IFPRI, March 10, 2020) perceived no imminent threats from the pandemic to global food security, more recent articles (e.g., IFPRI, March 20, 2020; FAO, Read More
  • The Economic Response to COVID-19: How is Georgia Handling the Challenge?

    As the novel coronavirus COVID-19 outbreak continues to spread around the world and has been declared a global pandemic by the World Health Organization, the next global economic recession is no longer an “if” or even a “when” event. Unfortunately, it is already upon us. In just the past few days: • Stock market indices have continued to exhibit high volatility, rallying one day and plunging at a record pace the Read More
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