Economy

The favorable IT climate in Armenia is the reason for the recent software boom.There are more than 450 IT companies, which are employing more than 10 thousand software developers and engineers. Around two thirds of Armenian IT output is exported to over 20 countries. So what is standing between Armenia and its dream of building a "Silicon Mountain"?

The emerging startup ecosystem in Armenia is very vibrant but faces many challenges. Tech expert and startup enthusiast, Artashes Vardanyan takes a critical look at the existing beliefs in the startup sector that need to be readjusted to ensure future success.

The engine to a developed economy is the competitiveness of local businesses, because they are the building blocks of the economy and the country’s development. It is time for Armenia’s economy to advance to the next level of efficiency and each company has a unique role to play in this regard, writes Sona Grigoryan.

"Why Nations Fail" and why is Armenia's economy failing - Armen Grigoryan's case-study of Acemoglu's and Robinson's economic theories and their implications in Armenia's economy and politics.

Many observers believe that current trends in the global IT market are creating new opportunities for growth and relevance for Armenian tech companies. If the industry at large – as well as government and educational institutions – react quickly and earnestly to these trends, Armenia has an opportunity to capture an inordinate share of the new value being created as a result of these trends.

The Diaspora has been an inherent component of Armenian reality since antiquity. Its enduring roots, affluent heritage and indispensability to the Armenian nation is difficult to challenge. This article examines the global entrepreneurial endowment of the Diaspora, how it developed and what its role can be today for the Republic of Armenia.

Sassoon Grigorian writes that Armenians are noted problem solvers, world leaders in the strategy game of chess and have the ability to be a world leader in a technology niche.

How can responsible companies solve problems that exist in society to create a win-win situation for both the country and the business itself? Nazareth Seferian explores Corporate Social Responsibility in Armenia.