Republic of Armenia : Drivers of Dynamism
The objective of this report is to facilitate a productive policy dialogue in support of Armenia’s efforts to build a more dynamic economy capable of thriving in an increasingly knowledge-driven global marketplace. The report supports the objective...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/786861530207467952/Armenia-Drivers-of-Dynamism http://hdl.handle.net/10986/30213 |
| Summary: | The objective of this report is to
facilitate a productive policy dialogue in support of
Armenia’s efforts to build a more dynamic economy capable of
thriving in an increasingly knowledge-driven global
marketplace. The report supports the objectives of the
Armenian government’s national development strategy, which
focuses on economic versatility and robust job creation.
While Armenia faces a complex set of macroeconomic
challenges, this report will concentrate on a select number
of issues crucial to the creation of a more open, adaptable
and resilient economy. Armenia’s medium-term outlook is
complicated by a mix of adverse domestic and external
factors, but there is reason for cautious optimism. Despite
its considerable progress over the past two decades Armenia
is still struggling to free itself from the vestiges of
central planning. As the period of macroeconomic adjustment
following the global financial crisis comes to a close the
authorities are renewing their efforts to build a
sophisticated modern economy based on human-capital
accumulation and technological innovation. Recognizing that
Armenia is at a critical juncture in its development, this
report identifies a number of reforms designed to increase
competitiveness on both the supply and demand sides of the economy. |
|---|