The Republic of Armenia is a country rich with history and promise. Occupying the historic crossroads between Europe, the Middle East, and Asia, Armenia has a long tradition of trade and a strategic preference for open markets. Independent since 1991, Armenia has established itself as a strong regional player, outperforming its neighbors on many counts. Growth has resumed and is expected to stabilize at 5 percent annually, supported by an entrepreneurial population. Armenia is now in the process of transforming its economy, strengthening export-oriented industries and adding value to its existing industrial base.
Published in FOREIGN AFFAIRS, January-February 2014.
Distributed also on-site at the 2014 DAVOS World Economic Forum.