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Chaotic Development With Unforeseen Consequences

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  • Chaotic Development With Unforeseen Consequences

    CHAOTIC DEVELOPMENT WITH UNFORESEEN CONSEQUANCES

    Panorama.am
    15:00 16/08/2007

    "Today's economic growth is more restructuring than development and, in
    case of the present pace, it would be impossible to report progress,"
    Tatul Manaseyan, economist by profession and ex-deputy of the Armenian
    parliament, told a press conference today.

    In his words, today they talk about the economic development but it
    is not clear what is developing and for what purpose. "To report
    development in the field of economy one should clearly know the
    determinants and predict the consequences of the development, which
    are absent today," he said.

    Tatul Manaseyan assures that Armenia imports two to four times more
    that it exports.

    "Armenia is a great field for the importers since they raise their
    production, create job opportunities as well as earn money here"
    the speaker explained.

    Manaseryan believes Armenia's economy develops in a chaotic move under
    the conditions of monopolies and closed markets the consequences and
    the pace of which, according to him, are unforeseen.

    From: Emil Lazarian | Ararat NewsPress
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