State budget allocations for education, science and research domains are particularly important, writes Samson Avetian. As labor force quality is one of the main drivers of productivity growth, this variable is critical for Armenia to flourish.
In recent years, the number of Indian nationals moving to Armenia has steadily increased. While previously, they came to receive an education, now they are doing jobs most Armenians don’t want to do.
In August 2019, Prime Minister Nikol Pashinyan set ambitious targets to be achieved by 2050, including a population of 5 million, 1.5 million new jobs, eliminating poverty, and a GDP 15 times greater than today’s figures. Samson Avetyan focus specifically on the GDP growth target and examines the likelihood of hitting such a goal by 2050.