The recently published government strategy “GEORGIA 2020” aims “to ensure that the majority of Georgia’s population benefits from economic growth”. The natural million-dollar question, however, is how this “inclusive growth” objective could be achieved in reality. In other words, how to make sure that the economy grows while creating jobs and business opportunities for the poor.
Before delving into this “how” question, let’s state the obvious trade-off: efforts to achieve inclusivity by means of aggressive income redistribution (e.g. increased social ben...
ISET Economist Blog
A blog about economics in the South Caucasus.
Mar
17
Feb
06
Since some years, Azerbaijan experiences an immigration wave. Chart 1 shows the net immigration (immigration minus emigration) to Azerbaijan during the last 22 years. As can be seen, in every year since 2008 more people are immigrating to Azerbaijan than there are emigrating. In 2012, for instance, 2000 net migrants came to Azerbaijan.
Migration flows are governed by economic, social, and political motives. One may categorize these to be either pull factors or push factors. Push factors are typically the lack of economic opportunities in the countries of...
Dec
09
When a country engages in scientific research, the fruits are harvested by the whole of humanity. Fundamental research, generating knowledge without direct applications but needed for developing applications, is published in international scientific journals open to everybody. A society can exploit this knowledge without having to pay royalties or patent fees, and, most importantly, without investing in its own research facilities.
Yet even the results of applied research can hardly be monopolized. The economic fortunes of some Asian countries, in partic...
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