OpinionOp-Eds

Does Armenia Need an ‘Economic Revolution’?

During his New Year’s address, Armenia’s Prime Minister Nikol Pashinyan promised to carry out an economic revolution in 2019. The purpose of this article is not to assess the possibility of that revolution, but rather to extend an invitation to all interested parties to discuss the future logic of economic development in Armenia. In order to orient ourselves, let us reveal the meaning of some terms. For one, let’s understand the term “economic revolution” to mean the rapid destruction of the existing economic order and its dismantling in order to create a new one. Alternatively, there is an “economic evolution,” which could be defined as a progressive transformation of ready-to-use reforms into qualitatively new, modern development systems.

One option is to transition from revolution to evolution. But the purpose, the program, the experience and knowledge of the authors of such processes, as well as a higher level of responsibility for their actions, must be identified.

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Igor Zargaryan

Igor Zargaryan is a founding member of the newly formed Ազգային Օրակարգ (National Agenda) party in Armenia as well as a founding member of Repat Armenia. Zargaryan served as an adviser to the RA Prime Minister on Industrial Policy from 2012-2014.

2 Comments

  1. Is it me, or does this National Agenda party platform look identical to the current government’s? He seems to disagree with the use of the term economic ‘revolution’. Fine, but we all understood that it’s meant as populist rhetoric, not an actual economic policy. In essence, everything Mr. Zargaryan claims we should be doing (and had a chance to help implement during his stint as Industrial Policy adviser to the previous government) Already is being implemented by the new government.

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