Armenia a Model for Developing Nations
Economic reform and investment by Armenian expatriates have helped the country boost GDP by more than 10% a year for a decade
This article is for subscribers only.
To appreciate just how far Armenia has come in the last 15 years, it helps to imagine yourself living through an Armenian winter in the early 1990s.
It's the middle of January, it's five degrees below zero, and you and your family have only two hours of electricity a day -- such was the abysmal state of the energy sector in a country crippled by the dissolution of the Soviet Union, a traumatic earthquake in 1988, and war with neighboring Azerbaijan.