ISET Joins ICC
- Details
ISET is proud to announce that it has officially been accepted as a member of the International Chamber of Commerce of Georgia (ICC). In addition to ISET’s membership, Eric Livny, ISET’s Director, has been invited by the ICC Executive Board to establish and chair a new committee on economic policy at ICC. Commenting on the invitation, Mr. Livny said that he was “delighted to work with ICC and to promote economic policy that is business friendly on the one hand and ensures greater inclusivity on the other.”
Applied Cost-benefit Analysis & Cost-Effectiveness Analysis
- Details
On March 31, 2014, ISET hosted Dr. Joseph Tham of Duke University, who is currently collaborating with USAID Georgia. He provided a summary of the basic principles of project appraisal, and discussed the applications of Cost-Benefit Analysis in the USAID/India Fiscal Management Reform Project.
At the beginning of his presentation Dr. Tham spoke about the idea and role of Cost-Benefit Analysis (CBA) as a well-defined, objective, and systematic way to decide whether a project is good or bad. When conducting CBA an analyst estimates expected cash inflows and outflows during a project’s life, thus there is an intertemporal problem in which values of flows have to be “translated” in one reference point of time, usually in the present, and then analyst calculates the net present value (NPV). If NPV>0,then the project is good.
Our Partners
