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Hrant Bagratian: In Case Of Border's Opening, Oligarchic Economy Of

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  • Hrant Bagratian: In Case Of Border's Opening, Oligarchic Economy Of

    HRANT BAGRATIAN: IN CASE OF BORDER'S OPENING, OLIGARCHIC ECONOMY OF ARMENIA WILL COLLIDE WITH NONCENTRALIZED AND DYNAMIC PRIVATE SECTOR OF TURKEY

    Noyan Tapan
    Oct 9, 2009

    YEREVAN, OCTOBER 9, NOYAN TAPAN. In case of opening the
    Armenian-Turkish border, the trade will enable to lower production
    prices in Armenia.

    However, as former Prime Minister of Armenia Hrant Bagratian said at
    the October 9 press conference, "there is going to be an interesting
    phenomenon which may make a mess of everything".

    In his words, Armenia's concentrated oligarchic economy will collide
    with Turkish noncentralized, nonoligarchic, and dynamic private
    sector. "We lack private entrepreneurs on a par with Turkish ones. At
    first the Turkish capital will collide with Armenian oligarchs. But
    the Turks are not so foolish to come here to develop Armenian private
    entrepreneurs. Sooner or later the Turks will start operating through
    these oligarchs, realizing that the greater the oligarchs' power is,
    the less developed Armenia will be," H. Bagratian said.

    In his words, the average Turkish entrepreneur is much more dynamic,
    competent and developed than the Armenian one. For that reason
    we should get ready for economic relations. "It is for the first
    time that we will rub shoulders with the Turks in the history of
    millennial communication, while the Turks are more developed than we
    are - in all respects," H. Bagratian noted.
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