Student Policy Seminar Series: Foreign Direct Investment
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ISET continues its student policy seminar series, this time with Mariam Katsadze, Mariam Dvalishvili, Tsotne Marghia, Elene Ghviniashvili, and Giorgi Nebulishvili presenting their research results under the supervision of Eric Livny, President of ISET, and Yaroslava Babych, head of the Macroeconomic Policy Research Center, at the ISET Policy Institute.
As the students discussed, Foreign Direct Investment played an important role in global business in order to face the dynamic changes of economic environment. In its classic definition, it is a company doing physical investment from a country to another country. Examples of direct investment include building a factory, or investing in machinery, buildings or equipment. The sustainability of foreign financial inflow plays an important role in the overall economic stability of Georgia as seen from the latest depreciation of domestic currency, and the fact that Georgia is still a developing country strengthening its infrastructure.
Healthcare and Social Issues Committee Consultant Visits ISET
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Dr. Tamila Nutsubidze, a consultant at the Healthcare and Social Issues Committee and the Budget and Finance Committee of the Parliament of Georgia, visited ISET to talk about the challenges of the non-contributory pension system in Georgia.
In the first part of the presentation, Dr. Nutsubidze gave a short overview about social/non-contributory pension schemes. According to existing literature, there are possible connections between social pensions and poverty reduction among old age populations. Dr. Nutsubidze highlighted that in most middle-income countries, dependence on a non-contributory pension is caused by the expansion of a substantial coverage gap due to a reduction in the number of workers who contribute to pension schemes.
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