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Article: Economic challenges faced by the new Armenian state.
- Article from:
- Demokratizatsiya
- Article date:
- March 22, 2006
- Author:
CopyrightCOPYRIGHT 2006 Heldref Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abstract: In the past fifteen years Armenia has experienced profound economic changes. This article will trace the economic development of Armenia, from the collapse of the Soviet Union until now, and make recommendations on the reforms that need to be implemented if Armenia is to continue developing.
Key words: economic transition, international financial institutions, macroeconomic stabilization
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The process of the political and economic transition of Armenia toward independence has similarities with the other republics of the former Soviet Union. Contextual specificities, on the other hand, are less known, because they are largely ...