Evaluation of the competitiveness and business environment of Armenia.

Abstract

The purpose of this essay is to examine the competitiveness and the business environment using as a case study the country of Armenia. The main target of the essay is to prove the significance of the two global indexes, Global Competitiveness Index and Easy of Doing Business Index, which will be the key-tools for the following research. Their significance refers to both of them, as these indexes complement one another, by covering a whole range of parameters that contribute to our evaluation. Nevertheless criticism is also available. As regards to Armenia, the country is very small with biggest problems the lack in rule of law, isolation, poverty, underdeveloped infrastructure and financial markets and difficulty to adopt modern mechanisms that hampers the political and economic environment. On the other hand has proved that has a lot of capabilities in the global arena especially in the business environment, by distinguish itself in the easiness of registering property. Except the recommendations in each problem, this essay targets in the enhancement of transparency and the use of the diaspora in a lot of projects by saving money from people with abilities that love their country.