ARMENIA’S SOCIOECONOMIC POTENTIAL IN THE CONTEXT OF POST-CRISIS DEVELOPMENT
Abstract
The world financial crisis has brought the contradictions in Armenia’s socioeconomic development into the limelight. The events of the post-crisis period have led to the emergence of many risks associated with the new approaches to economic management and with the global changes that have occurred in the world.
The Anti-crisis measures adopted have brought about certain positive changes, but this is not enough to ensure stable economic growth and a rise in the standard of living. A shift to a qualitatively new level of economic growth is needed, which requires pursuing an active policy based on the application of new criteria. Defining a new starting point for economic development, as well as identifying the possible (or optimal) alternative solutions and correctly setting the priorities are key elements in resolving this problem
The tasks facing the republic can best be solved by revealing the real opportunities for raising national potential, which requires re-examining the existing value system and reassessing the available resources.
Unfortunately, there is a wide gap in Armenia between ideas and their realization, which is complicating self-organization of the nation; the historical past must be perceived in a new way. The people need a philosophy supported not only by a material foundation, but also by cultural and, primarily, moral and psychological values.
This is the viewpoint most conducive to defining the priority vectors for developing national potential, keeping in mind the nation’s capabilities and opportunities for self-organization, and to designating ways to most efficiently introduce a new socioeconomic policy.
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References
See: Upravlenie izmeneniiami (The Harvard Business Review Classics Series), Alpina Business Books, Moscow,
, pp. 20, 52; H. Haken, Informatsiia i samoorganizatsiia, Mir, Moscow, 1991, p. 27 (H. Haken, Information and Self-Organization: A Macroscopic Approach to Complex Systems, Third Edition, Springer Verlag, Berlin, 2006); C. Hidalgo,B. Klinger, A.-L. Barabasi, R. Hausmann, “The Product Space and Its Consequences for Economic Growth,” Science Mag-azine, 2007, p. 193.
A. Markosian, Osnovnye problemy ekonomicheskoi bezopasnosti, Noravank, Erevan, 2005, p. 47.
For example, as the result of several global trends (in particular, longer life expectancy), education opportunities have increased, which in turn has had a significant effect on the development of technology, productivity of labor, and creation of material benefits. As a result of certain changes in economic philosophy, the command-administrative system has given way to the market economy and this, in turn, has led to an acceleration in world trade turnover, an expansion of new markets, and a spread in global processes. The financial system began developing at a rapid rate, which led to a breakdown in the balance between the real and financial sectors, thus provoking the crisis, and so on. There are many such interrelated and interdependent cause-and-effect sequences, but a more detailed examination of these issues is beyond the scope of this article.
Capital is the used resource that has become the main component of national investment capital.
The target population of this poll consisted of all the households in the republic (800,000), while those over 18 years of age in the family at the time the poll was conducted represented the unit of the target population. The household sam-ple included all the administrative districts of Erevan and the cities of all the regions of the republic, as well as rural areas chosen by special means in order to achieve maximum representation.
Households were selected using stratified random sampling: in cities using one-phase, and in rural areas using two-phase selection.
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