ISET

On April 8, representatives of the European Bank for Reconstruction and Development (EBRD) presented their Transition Report at ISET. EBRD’s lead economist for Georgia, Bojan Markovic, spoke about the reform progress and economic developments in the year 2013 across the wider transition region, which includes Georgia.

The presentation, titled “Stuck in Transition” – which had an expressive photo of a young man sitting in an old Soviet bus as its opening slide – was introduced by Mr. Markovic. He began by discussing long term growth prospects.

On April 3, 2014, ISET hosted Prof. Stephan von Cramon-Taubadel from the University of Göttingen, who presented his paper "European Consumers’ Willingness to Pay for Israeli-Palestinian Peace Products".

The main finding of the paper is that the ethical side of food products have become increasingly important for Western European consumers. One example of the trend of ethical consumption are “peace products”, commodities produced in peaceful economic cooperation between members of conflicting parties in areas of political conflict. In the context of the Israeli-Palestinian conflict, Prof. von Cramon-Taubadel investigated the willingness of consumers from four European countries to pay for two food products jointly produced by Israelis and Palestinians.

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