About Armenia



About Armenia

Armenia is a small, landlocked country with few natural resources in a historically volatile part of the world. The country experienced a major economic contraction at the end of the 1980s when the effects of a massive earthquake were amplified by the break-up of the Soviet Union and the costs of the conflict with Azerbaijan over Nagorno Karabagh.
 
Armenia’s economy had been growing steadily since 1994, but this has much depended on international aid and remittances from the Diaspora. Due to the recent global financial crisis, however, the Armenian economy retracted drastically because of a sharp decline in external remittances, exports, external investments, and tourism. Poverty grew to more than 35 percent.
 
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Overall, public expenditure for education remains very low and this has caused a deterioration of facilities, lack of modern teaching aids and low teacher salaries added to the insufficiencies of excess capacity and overstaffing of the inherited system. Among others Mission East is working with education i Armenia.
 
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