ISET

ISET Economist Blog

A blog about economics in the South Caucasus by ISET
May
27

Sabina and Rahul, Welcome to Georgia!

The number of foreign students has been steadily increasing around the world. More and more students chose to earn a degree outside of their home countries. Education internalization plays a key role in the development of today’s educational systems, and the impact of international students goes beyond their short-term financial effect on the economy; it plays a vital role for social cohesion and development of international networks, etc. The literature distinguishes between two types of economic impacts related to international students: short-term ben...
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May
20

Who Said “First Duty, Then Pleasure”? When Happiness and Success (Individual and National) Go Hand in Hand

  According to the recent World Happiness Report 2017, Georgia ranks 125th among 155 countries with respect to peoples’ happiness. On a 0-10 happiness scale, the country scores only 4.29. Figure 1 below presents rankings and happiness scores for Georgia and its neighbors, as well as for the world’s best and worst performers. The top five countries - Norway, Denmark, Iceland, Switzerland and Finland - are clustered so tightly that the differences among them are not statistically significant; they could be merged in a single “top performing cluster” w...
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May
15

Best Pedagogy for Georgia!

  Given Georgia’s dysfunctional educational sector, it is impressive how many Georgians excel intellectually. For example, ISET regularly sends some of its graduates to the best Ph.D. programs of the world, proving that many Georgians succeed in realizing their intellectual potentials despite unfavorable conditions. At the same time, we notice that a considerable share of students who get enrolled at ISET are not well-endowed with essential knowledge and competencies, lacking, for example, presentation skills, writing proficiency, and resourcefulnes...
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Apr
29

What Can Georgia Learn from Sweden’s Educational Disaster?

Between 2000 and 2012, Sweden fell in the Programme for International Student Assessment (PISA) by 16 places from the 7th to the 23rd rank, and in the 2015 PISA study, Sweden ranked 28th of 34 countries in mathematics! As the OECD writes: “No other PISA-participating country saw a steeper decline in student performance over the past decade than Sweden.” Who is to blame? TOO MUCH COMPETITION? Those from the left side of the political spectrum claim that too much freedom of choice was introduced to the Swedish educational system. Since 1992, a voucher syst...
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Apr
19

Bread Should Be Baked By the Baker!

"Sixty-Eight Million Dollars Were Given for Colleges Last Year: – if  the Mania for College Education Continues We May Soon Expect the Above State of Affairs" American and Western European visitors to Georgia are fascinated by the fact that middle-aged Georgian taxi drivers often brandish a couple of engineering degrees, while young hotel receptionists and shop assistants frequently come with law, business and international relations education. Having spent a couple of days in Tbilisi, visitors may come to imagine that Georgia is so abundant in huma...
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