Este informe revisa las tendencias del crecimiento en Armenia para el periodo 1994-2000, presenta debilidades importantes de los patrones existentes del desarrollo, y sugiere el diseno de politicas para acelerar la reestructuracion de empresas, atraer la inversion, y promover la creacion de nuevos negocios en corto plazo.
One of the most important activities of enterprises today is responsible entrepreneurship. Corporate social responsibility (CSR) activities can help to forge a stronger bond between employees and corporations, can boost morale, and can help both employees and employers feel more connected with the world around them. Moreover, the growing importance of this concept results from the fact that it is perceived as an effective tool for increasing competitiveness, improving the image of the company, or contributing to the generation of higher profits. In today’s world, an active commitment to social responsibility is becoming more common for a company. CSR and Socially Responsible Investing Strategies in Transitioning and Emerging Economies is an essential reference source that identifies the scale and scope of implementation of CSR and socially responsible investing strategies and standards in companies operating in different transitioning and emerging economies as well as assessing the global effects of these activities. Featuring research on topics such as economic growth, responsible investing, and business ethics, this book is ideally designed for managers, executives, directors, corporate professionals, government officials, industry leaders, academicians, students, and researchers in the fields of international economics, international business, marketing, finance management, and public relations.
This study takes stock of the current water resources management in Armenia, including diagnosing the main sub-sectors (agriculture, urban, environment, and energy), reviewing the institutional framework and implementation status of water-sector policies, identifying the main challenges and making recommendations on the next steps.
Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. The country has outperformed other low-income countries including other members of the Commonwealth of Independent States. This is particularly impressive given the geographical location of Armenia, the closure of two critical borders, and occasional political turmoil. The key factors behind Armenia's economic performance are prudent monetary and fiscal policies, liberal trade and foreign exchange regimes, rapid and relaively well-sequenced structural reforms, and support from the Armenian diaspora. In addition, the implementation of a poverty reduction strategy since 2002 has complemented the effect of economic growth on reducing poverty. This book assesses the country's economic transformation during the last 10 years and discusses the challenges to sustaining these successes.
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
Armenia sits on the cusp between Europe and Asia, landlocked between Turkey and Iran, two opposing powers. For much of its history, Armenia was forced to contend between two greater powers positioned on either side of it. There was Persia and its powerful influence on one side and Turkey on the other, both interested in advancing and assuming control over the Armenian Plains. Today, these enmities continue to persist, with Turkey refusing to open its borders with Armenia, while there is a strong tourist trade with Iran. Besides these competing countries, Azerbaijan claims the Nagorno-Karabakh enclave, as does Armenia. There are periodic flare-ups, with the most recent ceasefire, brokered by Russia, taking place on 10 November 2020, resulting in Azerbaijan gaining a distinct military advantage, large territories in the disputed region. In August 2017, I traveled to and spent a nearly month in Armenia, visiting sites both in Yerevan, the capital and in locations distant from the capital. The ancient Zorats Karer, site of the Armenian Stonehenge, has massive stones configured in a curving 'S' shape, placed by ancient and unknown people. The site is also known as the 'singing stones' because of the holes bored into the stones. One must conjecture that the ancient construction of Gobekli Tepe in Turkey, attracted ancient hunter-gatherers to this large region, where they constructed these sites for reasons with which we are not familiar. Other than these stones, nothing is known of them, why they were built, and its overall purpose. Even their age is contested. Further south is Tatev, site of an ancient monastery, containing a unique scientific obelisk. The tall stone column, standing free at its base, was designed to predict the severity of earthquakes by its movement. This is a remarkable construction, made by an early seismologist interested in calibrating the periodic earthquakes this area experiences. To travel to the monastery grounds, I crossed the deep gorge by way of the world's longest cable tramway, the Wings of Tatev. As I review in my reviews of journeys to different countries, I visited with the small Jewish community in Armenia. Its chief rabbi, the only formal Jewish leader in the country, welcomed me and I spent one Sabbath as we discussed the history of Jews in the country and the minuscule community he leads today. During the Second World War, he, his mother and aunt sheltered here, finding the country and city a welcome respite from Nazi and Soviet anti-Semitism. Thousand of fellow Jews did the same and were grateful for this place of refuge. But in the years following that world conflict, all but approximately one hundred Jews left the country. Today, they reside in Israel, as in other counties. There is an enduring question why the Armenian setting was not conducive to Jewish settlement and business development. I found Armenia to be a fascinating country, with a long and complex history. Known for the Armenia Genocide, it is a place with attractions that remain unique. I share my journey and the places of interest about this country, with its complex history and its special people.
The World Bank Group works in more than 100 developing economies and is one of the world's largest sources of development assistance. In 2002, the institution provided US $19.5 billion in loans to its client countries. This guide reviews the organisation's history, objectives and operations, and looks at the five institutions that make up the World Bank Group: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
