Armenian authorities must ‘demonstrate political will’ to complete promised reforms – economist

16:22 • 18.05.18



The Armenian authorities must demonstrate the political will to accomplish the promised reforms aiming to ensure the country’s development, an economist said today, sharing his expectations from the new government.  


Speaking at a news conference, Vahagn Kachatryan also stressed the importance of using the existing potential effectively to secure future progress.

 

“Reforms, in point of fact, meet resistance in absolutely any country,” he said, citing the experience and difficulties of the early post-Soviet period.


Asked to comment on the possibility of inviting Daron Acemoglu, an eminent Turkish-Armenian economist, to Armenia, Khachatryan noted that all the previous governments in the country fell short of fulfilling their promises or realizing their full potential.

 

“The former authorities - and governments in general - never before used the existing inherent economic thought duly and effectively. Many high-quality specialists in Armenia do only scholarly work in economics – publishing articles and dissertations. And I am confident that this "riches" is not used absolutely anywhere else. I don’t think the recommendations [foreign countries’ experts occasionally give] are not available here; they are simply never properly studied and used,” he added.


Khachatryan said he seriously regrets for the somewhat inert attitude to young economists’ scholarly endeavors, particularly their innovative and smart solutions proposed in different publications.

 

“It makes up about 600 pages if I cite the past 10 years’ research compiled in the book National Economy, which the [National Academy’s] Institute of Economics has published,” he noted.

 

Commenting on Acamoglu’s book Why Nations Fail, Khachatryan noted that it accounts for inequality of income and poverty by the close interrelations between politics and economics, attributing failures and achievements to the quality of economic and political institutions.

“The situation we are facing here in Armenia reflects, in a way, Acemoglu’s string of thoughts. It looks as though he recorded the very realities which preceded the new government formation processes here. He also clearly defines the existing problems in Armenia as political (rather than geographic, cultural or geopolitical). So the issue seems to have received a kind of specific formulation before all this happened. What his explanation says is that institutes are the only competent bodies to ensure the country’s development,” Khachatryan added.

Hakob Aslanyan





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