Re: Armenia's Economic Pulse
The economy gained jobs and businesses that would otherwise not be. Those firms would not be investing in Armenia if they thought it was a bad investment. You are painting a one sided dark picture of this situation when in truth this news is not dark at all. Sure these will be imports taken from current account but you know there is a inflow of capital which these firms are investing in Armenia and this is inflow on financial account. Plus there will be either new building to be built or vacant ones filled which is even more good economic news. Please do not join the Vrej bandwagon of everything is horrible and hopeless because that is not true. There is hope and opportunity despite the monopolistic and oligarchal forces at play. I am not happy at all with the style of capitalism being practiced globally and in Armenia but there is no reason to take good news and twist it into something bad when it is not bad at all.
The economy gained jobs and businesses that would otherwise not be. Those firms would not be investing in Armenia if they thought it was a bad investment. You are painting a one sided dark picture of this situation when in truth this news is not dark at all. Sure these will be imports taken from current account but you know there is a inflow of capital which these firms are investing in Armenia and this is inflow on financial account. Plus there will be either new building to be built or vacant ones filled which is even more good economic news. Please do not join the Vrej bandwagon of everything is horrible and hopeless because that is not true. There is hope and opportunity despite the monopolistic and oligarchal forces at play. I am not happy at all with the style of capitalism being practiced globally and in Armenia but there is no reason to take good news and twist it into something bad when it is not bad at all.
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