Originally posted by Haykakan
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As for Armenian "growth", it was because of welfare and not true economic growth
Over the past 16 years, the U.S. has provided nearly $2 billion in assistance to Armenia, the highest per capita amount in the NIS. Humanitarian aid originally accounted for up to 85% of this total, reflecting the economic paralysis caused by closed borders with Turkey and Azerbaijan related to the Nagorno-Karabakh conflict, destruction in northern Armenia left from the devastating 1988 earthquake, and the closure of most of the country's factories.
As conditions in Armenia have improved, with the stabilization of the economy and increased energy production--including the restarting of the Armenian Nuclear Power Plant near the capital--U.S. assistance programs have progressed from humanitarian priorities to longer-term development goals.
http://www.state.gov/r/pa/ei/bgn/5275.htm
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