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A decade after independence, Armenia embarked on a radical reform path to create a vibrant, market economy – triggering substantial economic growth, often reaching double digits.
As recent trends and volatility indicate, sustaining such growth requires addressing a range of structural challenges…
Risk is a part of our everyday lives. When we wear a helmet to ride a bike, for example, we accept a small inconvenience to reduce the risk of a fall or an accident. When a homeowner decides to retrofit their house, they incur a cost to shield against an earthquake or a flood. Faced with the COVID…