Editorial

The FINANCIAL -- In the first part of this article (available on the homepage of The Financial and the ISET Economist Blog), I described some of the adverse incentives resulting from a social welfare system. Then I argued that according to Simon Kuznet’s famous paradigm, increasing inequality is hardly evitable when a country enters a growth trajectory (as Georgia did in 2003), and I reasoned ...

The FINANCIAL -- Speaking with managers of companies operating in Georgia, one frequently hears complaints about a lack of certain specialists in the Georgian labor market. ...

The FINANCIAL -- Until very recently Russia was considered by many foreign companies a somewhat difficult but promising country for investment, a “land of opportunity” that perhaps ...

The FINANCIAL -- A few weeks ago, the Israeli ambassador His Excellency Yuval Fuchs delivered a speech at ISET, explaining the amazing transformation of Israel from what essentially was an ...

The FINANCIAL -- According to a rumor circulating among economists, there exists an econometric study which shows that the economy of a nation is doing worse the more great economists it produces. ...

The FINANCIAL -- Imagine arriving at a provincial airport in an unnamed Central Asian country. You leave the terminal and go straight to row of waiting taxis. In your Lonely Planet you read that you ...

The FINANCIAL -- One day in my village, I saw our neighbors carrying TV sets, refrigerators, parabolic antennas, and washing machines out of their house. Soon I found out that they were hiding all ...

The FINANCIAL -- On May 2, 2014, the Georgian parliament unanimously passed the law on the elimination of any form of discrimination. The stated objective of the law is to ensure that any physical or ...

The FINANCIAL -- During my morning shower, I like to think about Georgia’s economic prospects and how the country should ...