Vol. 10 No. 2 (29) (2019)

Articles

  • Articles

    INDUSTRIAL POLICY AND ECONOMIC BRAND OF THE COUNTRY

    Tatul Manaseryan
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    Abstract

    The role of local industry in the development of the country's economy is invaluable. Without a developed and competitive industry, the state will always have to face a real threat of remaining dependent on individual countries. The problem requires deep and diverse research. It is advisable to find out the range of goods and services, as well as to develop clear criteria for evaluating and disclosing competitive advantages. Consequently, with the help of scientifically based standards, the country's industrial policy should be outlined for the future, which should be improved taking into account both the domestic market and trends and world economic trends.

    References
  • Articles

    THE ISSUE OF THE RECOVERY OF THE ECONOMIC SOVEREIGNTY IN RA

    Ara Karyan
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    Abstract

    The article discloses the problem of restoring economic sovereignty in Armenia. The article notes the need and steps to combat corruption, patronage, and monopolies. The basis of economic sovereignty on the unreasonable transfer of the function of subsidizing beneficiaries of natural gas and electricity to the operators of natural monopolies in these areas is indicated. The format of the solution is based on the introduction of an excise tax on energy carriers – natural gas and electricity. It underlines the failure of the price increase argument and that the proposed solution will ensure a real fight against corruption and restore economic sovereignty, will implement the necessary tax reforms, will ensure a steady growth in budget revenues, and reduce the overwhelming burden of external public debt.

    References
  • Articles

    “CONSUMER PRICES-EXPENDITURE-INCOME” CONNECTION: ITS MANIFISTATIONS AND DEVELOPMENT IN RA

    Amalya Saribekyan
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    Abstract

    The issues concerning the socioeconomic condition of the country, its living standards, income and consumer prices of the population have recently been intensively discussed in Armenia. According to the official data of the Central Bank of Armenia, 12-month inflation, fluctuating around the average level of 2.5 % in 2018, made up 1.85 % in December. As the CBA points out, “Inflation in 2018 is lower than it was anticipated; however, it is definitely erroneous to say that a year lacks boost in prices.” The most important point here is not the fact of low inflation, but the real increase in the prices of goods of first priority, that leads to an increase in the cost of the consumer basket. Thus, it is noteworthy to say that while focusing more attention on the phenomenon of inflation, very little attention is paid to the issue of increasing the cost of food and consumer baskets. Under these conditions, the minimum salary does not overpower the cost of the minimum consumer basket, and the minimum pension payment cannot overpower even the cost of the food basket. Thus, the improvement of the social condition of the population must be sought in the context of the direct and inverse multi-factorial effects of the price-expenditure-income chain

    References
  • Articles

    ECONOMIC COMPETITION AND COOPERATION IN THE CONTEXT OF SOCIAL CAPITAL

    Firuza Mayilyan, Grisha Gharibyan, Razmik Isahakyan
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    Abstract

    The article discusses the issues of economic competition in the context of social capital theory. Particularly, the role of economic competition as an effective resource allocation mechanism, within the framework of a new classical approach has been analyzed. The positive and negative aspects of the competitive mechanism of resource allocation and economic efficiency have been revealed. The article presents the institutional mechanisms of cooperation as an alternative mechanism of economic system coordination and resource allocation. Mechanisms of cooperation have been discussed in the context of social capital.

    References
  • Articles

    INNOVATION ACTIVITY AS THE MAIN DIRECTION OF DEVELOPMENT OF COMMUNICATION SPHERE

    Mariam Poghosyan
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    Abstract

    The level of development and competitiveness of any country is assessed not only by the volume of material production, but also by the level of information technology development, the efficiency of innovation introduction in the country, and the use of information and communication technologies. Communication and telecommunication is one of the most dynamically developing spheres in the countries, where innovations are easily invested. The development of this sector greatly contributes to the improvement of the living standards of the population, the creation of new jobs and the expansion of opportunities.

    References
  • Articles

    INSTITUTIONAL AND VALUE SYSTEM REFORMS IN RA

    Ruben Gevorgyan, Gayane Gevorgyan
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    Abstract

    The article discusses the need for institutional reforms and changes in the value system to achieve new successes in the socio-economic development of the country. Such reforms are possible only if the possibility of the long existence of inefficient institutions and the ways of their reform are taken into account. It is shown that these reforms are a necessary precondition for all scenarios of socioeconomic transformations in the Republic of Armenia. The article also discusses the features of institutional reforms and changes in the system of values in different sectors of the economy.

    References