Տնտեսության վերակառուցման ճանապարհին / On the Road to the Economic Reconstruction

Abstract

The implementation of economic reforms is not only a way to overcome current challenges, but it is also an important prerequisite for the development of the economy in a long-run perspective. The paper provides a comparative analysis of the dynamics of economic reforms and their main components in Armenia, Azerbaijan and Georgia. In different spheres of economic reforms the surpassing position of Armenia compared to Azerbaijan and Georgia is mostly due to regulatory and normative reforms.. Armenia has not succeeded in deepening the initial advantages of transformations over neighboring countries. In general, essential qualitative changes have not been achieved for many years. In the future, in order to succeed in economic reforms, it is on the agenda to clarify the guidelines of economic transformations mostly concentrating on qualitative changes.