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The Caucasian Tiger : Sustaining Economic Growth in Armenia

  • Saumya Mitra
  • Douglas Andrew
  • Gohar Gyulumyan
  • Paul Holden
  • Bart Kaminski
  • Yevgeny Kuznetsov
  • Ekaterine Vashakmadze

This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence as the Caucasian Tiger and to provide policy advice to the Armenian authorities to ensure the continuation of this growth. The book is presented in two parts, with Part I containing the analysis and the policy advice and Part II containing detailed background papers. The attribution for the emergence of Armenia as the Caucasian Tiger lies in the creation of an environment of macroeconomic stability and the determined pursuit of reforms aimed at establishing a market economy that was integrated with the world. This book describes that story. But the central focus of the book remains the reform agenda for the future. It is argued that the continuation of high rates of growth would require building defenses against economic shocks the country may face, and this would entail addressing the key vulnerabilities in today's economy. Thus the book is intended not only as a case study of success in post-Soviet economic transition, but also as a candid piece of policy advice for the Armenian authorities

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This book is provided by The World Bank in its series World Bank Publications with number 6644 and published in 2007.
ISBN: 0-8213-6811-4
Handle: RePEc:wbk:wbpubs:6644
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  1. Schneider, Friedrich, 2002. "The Size and Development of the Shadow Economies of 22 Transition and 21 OECD Countries," IZA Discussion Papers 514, Institute for the Study of Labor (IZA).
  2. Daniel F. Spulber, 1989. "Regulation and Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262192756, June.
  3. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, edition 2, number 9780195109030, March.
  4. Wilson, John S. & Mann, Catherine L. & Otsuki, Tsunehiro, 2004. "Assessing the potential benefit of trade facilitation : A global perspective," Policy Research Working Paper Series 3224, The World Bank.
  5. Robinson, Sherman & Cattaneo, Andrea & El-Said, Moataz, 2000. "Updating and estimating a Social Accounting Matrix using cross entropy methods," TMD discussion papers 58, International Food Policy Research Institute (IFPRI).
  6. Jeffrey Round, 2003. "Constructing SAMs for Development Policy Analysis: Lessons Learned and Challenges Ahead," Economic Systems Research, Taylor & Francis Journals, vol. 15(2), pages 161-183.
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