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20 Years of Economic Engagement: Rethinking Values and Approaches
Vahé HeboyanDevelopment Economist
Objectives
Facilitate exploration and understanding of development
Promote use of development factors in designing intervention strategies and policies
Discuss Diaspora potential in promoting development
Set the stage for further exploration and discussions
Diaspora Contribution
Remittances FDI Art/Culture Healthcare Environment Foreign Policy Other
Critical in disaster mitigation Earthquake Post-Soviet War
Helped to avoid a potential catastrophe
Ensured an existence
After 20 years…
22 years after earthquake a large # of people are still waiting for the promised housing
Poverty gap is increasing Basic services are still unattainable for
many Healthcare is far behind Education is slipping away Civil society is weak Government institutions are weak
After 20 years…
What could have been achieved? Robust long-term development
fundamentals Sustainability of Diaspora assistance Strong governmental institutions Empowered civil society
Economic development
Question
With the massive flow assistance from Diaspora and foreign aid, why did not we achieve all these?
Answer is in us…
Failure to follow the concept of economic development
Lack of coordinated long-term strategy Within Diaspora With Armenia (gov. and others)
Lack of sustainability clause in Diaspora assistance
Lack of accountability Failure to reform government
institutions
Economic Development?
Source: www.bized.co.uk
Economic Growth
Economic growth...Copyright: Flicker: Anne Onimous
a common picture…Copyright: http://wvarmenia.files.wordpress.com/2008/12/229288407_dfa6e10b15_o.jpg
Economic growth does not taken into account income distribution A small proportion of the population can own a large amount of the
wealth
Source: www.bized.co.uk
Armenia 2030…
Long-term strategy
Capacity building Human Economic
Industrial revival Sustainable jobs
Knowledge
Infrastructure Empowerment
www.proseandletters.com
The Diaspora Challenge…
Re-evaluate approaches, priorities, and strategies to Armenia’s development and assistance
Ensure interventions and assistance Are directed to building capacity Have a long-term focus Are sustainable
Reach the recipient
www.proseandletters.com
how?
1+1 › 2
our aim…