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Is Armenia's Economy Free?

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  • Is Armenia's Economy Free?

    IS ARMENIA'S ECONOMY FREE?
    Marlena Hovsepyan

    "Radiolur"
    17.01.2007 16:07

    Guests of the Friday Club ex-Prime Minister Khosrov Harutyunyan and
    MP, economist Tatul Manasaryan spoke about the annual report worked
    out by the Heritage Foundation and The Wall Street Journal. According
    to the report, Armenia's economy is the 32nd freest in the world.

    The Heritage Foundation is a respected non-governmental structure,
    and many countries build long-term policies based on such
    reports. Considering all this, Khosrov Harutyunyan supposes that the
    report is not far from reality.

    Economist Tatul Manasaryan considers that the data issued by such
    organizations are mainly provided by Armenia, and these do not go
    far from statistical data of the Soviet Union.

    "Isn't it paradoxical that European states, the US and Japan register
    1-4% economic growth, while the number is a double-digit one in
    Armenia?" the Deputy asks. He made a rather curious statement. "The
    senior leadership of Armenia receives misinformation about real state
    of economy. RA President s not informed about the reality.

    Khosrov Harutyunyan agrees that our reality is not perfect and
    will still keep to be imperfect for a long period of time. However,
    according to him, one should not neglect the fact that on behalf of
    the Heritage Foundation the international community registers that
    Armenia has greatly advanced as it regards institutional reforms,
    democratization of public life and provision of guarantees.

    "If Bulgaria is 62nd and Romania is 65th, it does not mean that
    the living conditions are worse there. The question refers to the
    guarantees provided by economic institutions to secure normal public
    life and dynamic development," he said.

    In Khosrov Harutyunyan's words, this report should be considered as
    a serious assessment and should be taken as a basis for elaboration
    of a long-term policy.

    From: Emil Lazarian | Ararat NewsPress
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