Armenia’s minimum wage is set to increase in 2020. When setting the minimum wage, governments need to take a balanced and evidence-based approach that considers the needs of workers and their families on the one hand and economic factors on the other.
China’s revolutionary and controversial Belt and Road Initiative, meant to link East and West, has dipped its toes into Armenia.
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.