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ARMENIA NEEDS NEW ECONOMIC POLICY, ARMENIAN ECONOMIST THINKS
ArmInfo
2009-03-04 12:20:00
ArmInfo. Armenia needs new economic policy, Armenian economist, Tatul
Manaseryan, told ArmInfo correspondent when commenting on yesterday's
sharp falling of the Armenian dram rate.
'Armenia has to refuse liberal economic policy having been conducted
for a long period of time in the republic. Today the republic needs the
social-market economy as never before, which has simply no alternative
in the conditions created today', - he said. Manaseryan characterized
the economic system of Armenia as wild capitalism, which in the
conditions of global financial crisis is demonstrating is absolute
ineffectiveness regarding counteractions against the challenges to the
republic. He also said yesterday's devaluation of Armenian dram has
already led to falling of the purchasing capacity of the population of
the republic. Taking this into account the government has immediately
to start the process of indexation of revenues of population including
pensions and social benefits. For instance, minimal salary has to grow
from 30thsd to 40 thsd drams at least, so that to compensate falling of
today's purchasing capacity of the population', - the economist said.
'Today no liberal economy may be in Armenia as well as in the whole
world, as in the created conditions interference of the state in
the market relations is simply necessary. But this is not taken into
account not only in Armenia but also in the West, the main supporter
of the liberal economy', - Manaseryan concluded.
ArmInfo
2009-03-04 12:20:00
ArmInfo. Armenia needs new economic policy, Armenian economist, Tatul
Manaseryan, told ArmInfo correspondent when commenting on yesterday's
sharp falling of the Armenian dram rate.
'Armenia has to refuse liberal economic policy having been conducted
for a long period of time in the republic. Today the republic needs the
social-market economy as never before, which has simply no alternative
in the conditions created today', - he said. Manaseryan characterized
the economic system of Armenia as wild capitalism, which in the
conditions of global financial crisis is demonstrating is absolute
ineffectiveness regarding counteractions against the challenges to the
republic. He also said yesterday's devaluation of Armenian dram has
already led to falling of the purchasing capacity of the population of
the republic. Taking this into account the government has immediately
to start the process of indexation of revenues of population including
pensions and social benefits. For instance, minimal salary has to grow
from 30thsd to 40 thsd drams at least, so that to compensate falling of
today's purchasing capacity of the population', - the economist said.
'Today no liberal economy may be in Armenia as well as in the whole
world, as in the created conditions interference of the state in
the market relations is simply necessary. But this is not taken into
account not only in Armenia but also in the West, the main supporter
of the liberal economy', - Manaseryan concluded.