ISET-PI's Lasha Labadze Participates in South Korean Summit
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Between June 9-10, Mr. Labadze attended the 4th Asia Think Tank Summit in Seoul, an event jointly organised by the Institute of Foreign Affairs and National Security (IFANS) at the Korea National Diplomatic Academy (KNDA), the Korea Development Institute (KDI), the Korea Institute for International Economic Policy (KIEP), the Civil Society Program (TTCSP) of the University of Pennsylvania, and the Asia Development Bank Institute (ADBI).
The Summit dealt with the issues surrounding the Sustainable Development Goals (SDGs) adopted by the UN last September, which ambitiously set a new development cooperation paradigm for the global community. Present challenges faced by Asian countries were discussed in detail, such as collaboration between the government, private sector and civil society, as well as with individual nations. In addition, despite the fact that economists and politicians frequently claim that Asia has great economic potential, issues such as economic integration being set against political rivalries. This latter matter is concerning to the degree that Asian nations paradoxically currently have potential for conflict and collaboration with one another in equal measure.
The Statics and Dynamics of Wealth Distributions
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On Thursday June 9th, Professor Bruce Boghosian of Tufts University gave a presentation entitled "The Statics and Dynamics of Wealth Distribution", a fascinating topic which detailed the use of an innovative approach to investigate inequality dynamics.
Professor Boghosian first reviewed the history of measuring inequality, and discussed the works of well-known scholars of the field such as Pareto, Gibrat, Lorenz, and Gini, and then shared his own fascinating research with the audience. Though the mathematical rigour of the models was interesting, the results were fascinating; Boghosian showed that under certain conditions (when total wealth is unchanged and transactions between economic agents are conducted with few mistakes), societies are consistently prone to wealth concentration and Gini coefficient trends increase.
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