ՀՀ տնտեսական ինքնիշխանության հիմնահարցերը՝ արտաքին տնտեսական հարաբերությունների համապատկերում/Issues of the RA Economic Sovereignty in the Context of Foreign Economic Relations

Abstract

The issues of the economic sovereignty of states are more acute especially in recent decades, due to growing internationalization and globalization in the world economy. To establish favourable economic and trade relations, countries integrate more into the world economy and participate in the process of globalization. This almost inevitably implies a certain reduction in the level of economic sovereignty of the states, which forces the governments of the countries to pursue an adequate policy, on the one hand, not to stay out of the globalization process, and on the other hand, to face possible threats of economic sovereignty. From the viewpoint of confronting the possible threats to economic sovereignty, the structure of the country's economy and economic proportions, which show the degree of self-sufficiency and resilience of the national economy, are essential. In countries that are considered to have vulnerable economies to external influences, economic sovereignty is under constant threat. In that case, countries that have national economies with relatively high resilience are less vulnerable to threats to economic sovereignty. The paper analyzes the main macroeconomic indicators, the economic proportions, the structure of export and import, etc. of the Republic of Armenia, in the context of economic sovereignty and possible threats to it. The external trade indicators were observed in the areas of the integration directions of the RA, such as the membership in the Eurasian Economic Union and relations with the European Union. The relatively strong and weak sides of the RA, in terms of the impact on the economic sovereignty, were presented in those directions.