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Economist says possible second wave of world recession may hit Armenia harder

October 20, 2011 Armenia, Asia, Business, Europe No Comments
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Economist Grigor Hayrapetyan believes that the second wave of the global financial crisis may have a much worse effect on the economy of Armenia than the first one several years ago when the country’s robust GDP growth abruptly ended and a steep decline was registered.

Economists say the second wave of recession will be deeper for the entire world as at present the world economy is much weaker than during the latest downturn in 2008.

At a meeting with journalists on Wednesday Hayrapetyan, who teaches economics to Yerevan State University students, reminded that Armenia’s economy is heavily dependent on remittances (that reach some $2-2.5 billion a year) and the deterioration of financial conditions in the world would also reduce the amount of money wired to Armenia and that will lead to exacerbation of social problems.

“First, there will be a decrease in the transfers in euros, then in dollars,” said Hayrapetyan, explaining that now Europe may prove to be the seat of crisis, after which it would spread to the United States as well.

The talk about the second wave of economic crisis is heating up against the background of economic difficulties experienced by several European countries, including Greece, Italy, Spain and Portugal.

While local economists are concerned that Armenia cannot weather another global storm because its economy is not diversified and also because efforts to reduce the scale of untaxed entrepreneurship prove unsuccessful, imports continue to considerably exceed exports and corruption still looms large, the government has increased next year’s state budget revenue pattern by 101 billion drams (some $270 million) to be provided through taxes. Some economists have concerns that this additional burden will be put primarily on small and medium-sized enterprises, as until today the government has failed to properly tax big business. But Prime Minister Tigran Sargsyan stated that the collection of additional money was realistic and could be realized through broadening the tax base and improving tax administration.

Hayrapetyan thinks that the reduction of corruption and illicit business may spur economic development, however, according to him, it won’t be decisive in fending off the blow of a possible global storm.

“If we fail to reduce corruption and shadow economy during good years, then in these conditions it is particularly impossible to do,” says the economist, adding that in order to propose ways to confront the crisis first of all it is necessary to have a developed or developing economy.

To ArmeniaNow’s question whether protests similar to ‘Occupy Wall Street’ protests in New York and other major cities of the world were also possible in Armenia along with increasing social problems, the economist said: “These movements began in major financial centers, and Armenia isn’t a major financial center so as to originate that kind of movement. But if the economic situation continues to show no sign of improvement, then, yes, a social protest may rise in Armenia, too.”

Earlier this week, Yvonne Tsikata, the World Bank Sector Director for the Poverty Reduction and Economic Management Unit of the Europe and Central Asia region, said that the second wave of crisis would not shock Armenia as the South Caucasus country has no large volumes of trade with countries like Italy and Greece (the two countries responsible for major worries in the Euro zone), its banking system is not closely connected with the banking systems of those countries, besides Armenia is not a euro zone country.

Source: Armenia NowOriginial Article

Related posts:

  1. Waiting for the Wave: Is Armenia ready for more economic challenge?
  2. “Revolutionary Wave Will Not Reach Armenia”
  3. Pro-Opposition Economist Fears Turks Will Take Advantage of “Corrupt” Structure of Armenia’s Economy
  4. Armenian Prime Minister Urges Cabinet To Work Harder To Meet 2011 Targets
  5. The Economist: Ankara Began to Reconsider its Antagonism To The Arab World

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Economist Grigor Hayrapetyan believes that the second wave of the global financial crisis may have a much worse effect on the economy of Armenia than the first one several years ago when the country’s robust GDP growth abruptly ended and a steep decline was registered.

Economists say the second wave of recession will be deeper for the entire world as at present the world economy is much weaker than during the latest downturn in 2008.

At a meeting with journalists on Wednesday Hayrapetyan, who teaches economics to Yerevan State University students, reminded that Armenia’s economy is heavily dependent on remittances (that reach some $2-2.5 billion a year) and the deterioration of financial conditions in the world would also reduce the amount of money wired to Armenia and that will lead to exacerbation of social problems.

“First, there will be a decrease in the transfers in euros, then in dollars,” said Hayrapetyan, explaining that now Europe may prove to be the seat of crisis, after which it would spread to the United States as well.

The talk about the second wave of economic crisis is heating up against the background of economic difficulties experienced by several European countries, including Greece, Italy, Spain and Portugal.

While local economists are concerned that Armenia cannot weather another global storm because its economy is not diversified and also because efforts to reduce the scale of untaxed entrepreneurship prove unsuccessful, imports continue to considerably exceed exports and corruption still looms large, the government has increased next year’s state budget revenue pattern by 101 billion drams (some $270 million) to be provided through taxes. Some economists have concerns that this additional burden will be put primarily on small and medium-sized enterprises, as until today the government has failed to properly tax big business. But Prime Minister Tigran Sargsyan stated that the collection of additional money was realistic and could be realized through broadening the tax base and improving tax administration.

Hayrapetyan thinks that the reduction of corruption and illicit business may spur economic development, however, according to him, it won’t be decisive in fending off the blow of a possible global storm.

“If we fail to reduce corruption and shadow economy during good years, then in these conditions it is particularly impossible to do,” says the economist, adding that in order to propose ways to confront the crisis first of all it is necessary to have a developed or developing economy.

To ArmeniaNow’s question whether protests similar to ‘Occupy Wall Street’ protests in New York and other major cities of the world were also possible in Armenia along with increasing social problems, the economist said: “These movements began in major financial centers, and Armenia isn’t a major financial center so as to originate that kind of movement. But if the economic situation continues to show no sign of improvement, then, yes, a social protest may rise in Armenia, too.”

Earlier this week, Yvonne Tsikata, the World Bank Sector Director for the Poverty Reduction and Economic Management Unit of the Europe and Central Asia region, said that the second wave of crisis would not shock Armenia as the South Caucasus country has no large volumes of trade with countries like Italy and Greece (the two countries responsible for major worries in the Euro zone), its banking system is not closely connected with the banking systems of those countries, besides Armenia is not a euro zone country.

Source: Armenia NowOriginial Article

Related posts:

  1. Waiting for the Wave: Is Armenia ready for more economic challenge?
  2. “Revolutionary Wave Will Not Reach Armenia”
  3. Pro-Opposition Economist Fears Turks Will Take Advantage of “Corrupt” Structure of Armenia’s Economy
  4. Armenian Prime Minister Urges Cabinet To Work Harder To Meet 2011 Targets
  5. The Economist: Ankara Began to Reconsider its Antagonism To The Arab World

New Children’s Picture Book From Armenian Folklore

Economist Grigor Hayrapetyan believes that the second wave of the global financial crisis may have a much worse effect on the economy of Armenia than the first one several years ago when the country’s robust GDP growth abruptly ended and a steep decline was registered.

Economists say the second wave of recession will be deeper for the entire world as at present the world economy is much weaker than during the latest downturn in 2008.

At a meeting with journalists on Wednesday Hayrapetyan, who teaches economics to Yerevan State University students, reminded that Armenia’s economy is heavily dependent on remittances (that reach some $2-2.5 billion a year) and the deterioration of financial conditions in the world would also reduce the amount of money wired to Armenia and that will lead to exacerbation of social problems.

“First, there will be a decrease in the transfers in euros, then in dollars,” said Hayrapetyan, explaining that now Europe may prove to be the seat of crisis, after which it would spread to the United States as well.

The talk about the second wave of economic crisis is heating up against the background of economic difficulties experienced by several European countries, including Greece, Italy, Spain and Portugal.

While local economists are concerned that Armenia cannot weather another global storm because its economy is not diversified and also because efforts to reduce the scale of untaxed entrepreneurship prove unsuccessful, imports continue to considerably exceed exports and corruption still looms large, the government has increased next year’s state budget revenue pattern by 101 billion drams (some $270 million) to be provided through taxes. Some economists have concerns that this additional burden will be put primarily on small and medium-sized enterprises, as until today the government has failed to properly tax big business. But Prime Minister Tigran Sargsyan stated that the collection of additional money was realistic and could be realized through broadening the tax base and improving tax administration.

Hayrapetyan thinks that the reduction of corruption and illicit business may spur economic development, however, according to him, it won’t be decisive in fending off the blow of a possible global storm.

“If we fail to reduce corruption and shadow economy during good years, then in these conditions it is particularly impossible to do,” says the economist, adding that in order to propose ways to confront the crisis first of all it is necessary to have a developed or developing economy.

To ArmeniaNow’s question whether protests similar to ‘Occupy Wall Street’ protests in New York and other major cities of the world were also possible in Armenia along with increasing social problems, the economist said: “These movements began in major financial centers, and Armenia isn’t a major financial center so as to originate that kind of movement. But if the economic situation continues to show no sign of improvement, then, yes, a social protest may rise in Armenia, too.”

Earlier this week, Yvonne Tsikata, the World Bank Sector Director for the Poverty Reduction and Economic Management Unit of the Europe and Central Asia region, said that the second wave of crisis would not shock Armenia as the South Caucasus country has no large volumes of trade with countries like Italy and Greece (the two countries responsible for major worries in the Euro zone), its banking system is not closely connected with the banking systems of those countries, besides Armenia is not a euro zone country.

Source: Armenia NowOriginial Article

Related posts:

  1. Waiting for the Wave: Is Armenia ready for more economic challenge?
  2. “Revolutionary Wave Will Not Reach Armenia”
  3. Pro-Opposition Economist Fears Turks Will Take Advantage of “Corrupt” Structure of Armenia’s Economy
  4. Armenian Prime Minister Urges Cabinet To Work Harder To Meet 2011 Targets
  5. The Economist: Ankara Began to Reconsider its Antagonism To The Arab World

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Economist Grigor Hayrapetyan believes that the second wave of the global financial crisis may have a much worse effect on the economy of Armenia than the first one several years ago when the country’s robust GDP growth abruptly ended and a steep decline was registered.

Economists say the second wave of recession will be deeper for the entire world as at present the world economy is much weaker than during the latest downturn in 2008.

At a meeting with journalists on Wednesday Hayrapetyan, who teaches economics to Yerevan State University students, reminded that Armenia’s economy is heavily dependent on remittances (that reach some $2-2.5 billion a year) and the deterioration of financial conditions in the world would also reduce the amount of money wired to Armenia and that will lead to exacerbation of social problems.

“First, there will be a decrease in the transfers in euros, then in dollars,” said Hayrapetyan, explaining that now Europe may prove to be the seat of crisis, after which it would spread to the United States as well.

The talk about the second wave of economic crisis is heating up against the background of economic difficulties experienced by several European countries, including Greece, Italy, Spain and Portugal.

While local economists are concerned that Armenia cannot weather another global storm because its economy is not diversified and also because efforts to reduce the scale of untaxed entrepreneurship prove unsuccessful, imports continue to considerably exceed exports and corruption still looms large, the government has increased next year’s state budget revenue pattern by 101 billion drams (some $270 million) to be provided through taxes. Some economists have concerns that this additional burden will be put primarily on small and medium-sized enterprises, as until today the government has failed to properly tax big business. But Prime Minister Tigran Sargsyan stated that the collection of additional money was realistic and could be realized through broadening the tax base and improving tax administration.

Hayrapetyan thinks that the reduction of corruption and illicit business may spur economic development, however, according to him, it won’t be decisive in fending off the blow of a possible global storm.

“If we fail to reduce corruption and shadow economy during good years, then in these conditions it is particularly impossible to do,” says the economist, adding that in order to propose ways to confront the crisis first of all it is necessary to have a developed or developing economy.

To ArmeniaNow’s question whether protests similar to ‘Occupy Wall Street’ protests in New York and other major cities of the world were also possible in Armenia along with increasing social problems, the economist said: “These movements began in major financial centers, and Armenia isn’t a major financial center so as to originate that kind of movement. But if the economic situation continues to show no sign of improvement, then, yes, a social protest may rise in Armenia, too.”

Earlier this week, Yvonne Tsikata, the World Bank Sector Director for the Poverty Reduction and Economic Management Unit of the Europe and Central Asia region, said that the second wave of crisis would not shock Armenia as the South Caucasus country has no large volumes of trade with countries like Italy and Greece (the two countries responsible for major worries in the Euro zone), its banking system is not closely connected with the banking systems of those countries, besides Armenia is not a euro zone country.

Source: Armenia NowOriginial Article

Related posts:

  1. Waiting for the Wave: Is Armenia ready for more economic challenge?
  2. “Revolutionary Wave Will Not Reach Armenia”
  3. Pro-Opposition Economist Fears Turks Will Take Advantage of “Corrupt” Structure of Armenia’s Economy
  4. Armenian Prime Minister Urges Cabinet To Work Harder To Meet 2011 Targets
  5. The Economist: Ankara Began to Reconsider its Antagonism To The Arab World

US Media Discusses The Armenian Genocide

Economist Grigor Hayrapetyan believes that the second wave of the global financial crisis may have a much worse effect on the economy of Armenia than the first one several years ago when the country’s robust GDP growth abruptly ended and a steep decline was registered.

Economists say the second wave of recession will be deeper for the entire world as at present the world economy is much weaker than during the latest downturn in 2008.

At a meeting with journalists on Wednesday Hayrapetyan, who teaches economics to Yerevan State University students, reminded that Armenia’s economy is heavily dependent on remittances (that reach some $2-2.5 billion a year) and the deterioration of financial conditions in the world would also reduce the amount of money wired to Armenia and that will lead to exacerbation of social problems.

“First, there will be a decrease in the transfers in euros, then in dollars,” said Hayrapetyan, explaining that now Europe may prove to be the seat of crisis, after which it would spread to the United States as well.

The talk about the second wave of economic crisis is heating up against the background of economic difficulties experienced by several European countries, including Greece, Italy, Spain and Portugal.

While local economists are concerned that Armenia cannot weather another global storm because its economy is not diversified and also because efforts to reduce the scale of untaxed entrepreneurship prove unsuccessful, imports continue to considerably exceed exports and corruption still looms large, the government has increased next year’s state budget revenue pattern by 101 billion drams (some $270 million) to be provided through taxes. Some economists have concerns that this additional burden will be put primarily on small and medium-sized enterprises, as until today the government has failed to properly tax big business. But Prime Minister Tigran Sargsyan stated that the collection of additional money was realistic and could be realized through broadening the tax base and improving tax administration.

Hayrapetyan thinks that the reduction of corruption and illicit business may spur economic development, however, according to him, it won’t be decisive in fending off the blow of a possible global storm.

“If we fail to reduce corruption and shadow economy during good years, then in these conditions it is particularly impossible to do,” says the economist, adding that in order to propose ways to confront the crisis first of all it is necessary to have a developed or developing economy.

To ArmeniaNow’s question whether protests similar to ‘Occupy Wall Street’ protests in New York and other major cities of the world were also possible in Armenia along with increasing social problems, the economist said: “These movements began in major financial centers, and Armenia isn’t a major financial center so as to originate that kind of movement. But if the economic situation continues to show no sign of improvement, then, yes, a social protest may rise in Armenia, too.”

Earlier this week, Yvonne Tsikata, the World Bank Sector Director for the Poverty Reduction and Economic Management Unit of the Europe and Central Asia region, said that the second wave of crisis would not shock Armenia as the South Caucasus country has no large volumes of trade with countries like Italy and Greece (the two countries responsible for major worries in the Euro zone), its banking system is not closely connected with the banking systems of those countries, besides Armenia is not a euro zone country.

Source: Armenia NowOriginial Article

Related posts:

  1. Waiting for the Wave: Is Armenia ready for more economic challenge?
  2. “Revolutionary Wave Will Not Reach Armenia”
  3. Pro-Opposition Economist Fears Turks Will Take Advantage of “Corrupt” Structure of Armenia’s Economy
  4. Armenian Prime Minister Urges Cabinet To Work Harder To Meet 2011 Targets
  5. The Economist: Ankara Began to Reconsider its Antagonism To The Arab World

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China: President Takes Action Against High Ranking Corrupt Officials

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21:31, July 30, 2014

Zhou Yongkang, one of China’s most powerful former leaders, is under investigation in the highest-level corruption inquiry since the Communist Party came into power in 1949.

Under current president Xi Jinping’s anti-corruption campaign, the party’s Central Commission for Discipline Inspection is investigating Zhou for “serious disciplinary violations,” as the officialXinhua news agency reports. Media has not yet, however, specified the allegations against him.

The probe is an attempt to show the length to which Xi and the party will go in order to combat abuse of power reportsThe Wall Street Journal. 

A commentary published in the officialPeoples Daily makes the point that regardless of  an official’s rank or supporters, punishment will result for violating laws or the party’s discipline. 

In recent years an agreement has been in place  ensuring that for the sake of party unity,  most senior figures would not be investigated. Zhou’s case has been the first to break the agreement and is aimed at party purity instead. Communists are hoping to stay legitimate and to win more supporters. 

The anti-corruption campaign has realized its vow of no off-limit targets, says political scientist Zhang Ming in The Guardian.

reportingproject.net

Source: HetqOriginial Article

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Armenian Gangs: Caught between an Archetype and a Cliché

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19:15, July 12, 2014

By Marineh Khachadour

“The whole thing started with a scene straight out of a mobster movie. It was around 6 p.m. when more than a dozen men from two organized crime groups opened fire on each other in a North Hollywood parking lot. Witnesses say nearly everyone was armed, and the shootout quickly went mobile. The men took off in cars, exchanging fire as they weaved through the Whitsett Avenue traffic.”

Stories such as this are not unique to Armenians in the American press, but this investigative report recently published in the LA Weekly is about Armenian Power, the Los Angeles based Armenian gang that operates in the heavily Armenian populated communities of Glendale, Burbank, and North Hollywood.

The writer describes the members of the group as “gun-toting defendants” driving flashy cars “and connected to elaborate schemes in bank fraud, identity theft and other highly sophisticated white-collar crimes.”

Armenian Power originated in the 1980s by young Armenians, mainly from Soviet Armenia, to protect themselves from Mexican gangs in Los Angeles high schools. In time the organization developed working relations with the latter and shifted focus from fighting for territory to fighting for money and power.

My initial reaction to the report, like to all things Armenian, is visceral. Besides the fact that the horrific nature of the group’s actions turns my stomach, I feel angry. There are many positive contributions Armenians make to the communities they live in, so why point out the negative?

I think and catch myself in doing something very typically Armenian: reacting defensively when a non-Armenian criticizes my people. I immediately want to blame someone, mainly the person who is pointing a finger in my direction. This is a natural reaction for those of us who take pride in belonging to a lineage older than Noah’s Ark.

Ancient is the Armenian archetype – our intuitive behavior that has proven to withstand the test of time. We’ve been around so long, we consider ourselves to be wise and flawless. It is in our ethnic genome to revere the old and be doubtful of the new, to respect the elder as authority and dismiss the young as naive and inexperienced, to move in time and space, but not leave the past and the home we left behind. Any divergence from what has history and is the norm, we perceive as deficient, abnormal, lacking.

Young Armenians in American public schools faced with anything but the norm, as they know it, are caught by surprise like objects uprooted by cyclonic winds.

When life throws us into the realm of the unexpected or takes us out of our element, when it forces us to question our truths and face our shortcomings that make us seem not so perfect, we feel ashamed and become unforgiving. This quickly leads us on to the path of self-loathing. Our genesis, the very thing that is the source of our pride and the reason for our being, becomes our handicap in the youth-crazed, ever changing culture of the new world. We feel betrayed.

Additionally, we have been conditioned to put on our best face in public, regardless of what is going on inside. This archetype was reinforced during the Soviet era. We do not air our dirty laundry in public, but proudly display our clean, shiny load in front of our balconies and windows literally and figuratively. We even pride ourselves in the way we pin the pieces next to each other on the clothesline!

So, regardless of our circumstances, we find ways to put on a front like the well choreographed parades of the Soviet government. For God’s sake, we were the first people to adopt Christianity as our state religion! Never mind that our church is void of spirituality and our God cares more about the dead than the living.

Then we boast, and when others dare to not appreciate our genius with expected enthusiasm, we resort to demeaning, deprecating commentary and are not shy about projecting our negative feelings. No one is good enough, smart enough, deserving enough as Armenians. We’re the oldest and the wisest, and therefore most deserving of respect and appreciation.

More than once I have had to counsel a distraught Armenian parent complaining about how people make fun of their perfect child because he/she does not look or act like them.

When our expectations are not met, we are wounded and insulted. This is when the daredevil gene kicks in, and we don’t hesitate to give our perceived enemy a piece of our mind, or show off a flexed muscle.

We call this taseeb (honor): a sentiment that forces an Armenian to pick up a rifle and defend his physical and psychological turf. It is the same sentiment that drives a young Armenian to defend himself from insults and aggression, real or perceived, from a person of a different ethnicity in an American high school.

These archetypes are some of the underlying factors that lead Armenian youth into conflicting situations outside their circles.

In a new and changing world, old archetypes no longer serve the needs of the people, while the new ones are constantly elusive. Coupled with the desire to belong and to fit in, this drives people to adopt clichés that are readily available in a world congested with material, ideas and attitudes. Thus, to be accepted by the out-groups, to measure up and to be competitive, they quickly adopt what is more accessible to them for putting on the “perfect face.”

Designer clothing and accessories, Mercedes, BMW, Porches, attitudes and gestures we don’t quite grasp but admire, just about anything that we perceive as distinguishing and defining the out-group we are so eager to be a part of and be appreciated by, we collect. Clichés are easy to launder, polish, and pin on one’s life’s “clothes line”. Life in the new world becomes a long string of clichés.

In the absence of archetypes, reality is re-imagined, improvised like life on a theater stage, Marshall McLuhan explains. On this stage, young people are the characters of their own show, and there is nothing in the world more important than that until new archetypes take form.

The mafia or its modern day version – gangs that are a common occurrence in societies constantly in flux – is the stage where young people play out their roles. There have been Irish,   Italian, Japanese, Chinese, Vietnamese, and Mexican gangs in America prior to the Armenians.

Every wave of new arrivals, every wave of change, brings with it a new set of expectations and challenges. While families try to decipher the laws, rules, and traditions of their new environment, the young tend to gravitate towards groups that fill the need for belonging and provide a security network.

Some, more than others, in every group are willing to break rules often to their own detriment while caught between archetypes of the old world and the clichés of the new.

Marineh Khachadour is an educator, writer, researcher working in a public school in Pasadena, California.  She lived in Armenia from 1992-1998. During that time she provided educational services and resources for Armenian women and children including refugees and served as Gender in Development Expert with UNDP, Armenia from 1995-1998.

Source: HetqOriginial Article

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Want to Write for Hetq?

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10:24, March 14, 2014

I’m looking for freelancers who can broaden the scope of Hetq’s English edition

Arts & Culture, Commentary, Politics, Civil Society, Interviews…

Anything interesting happening in your local community you’d like to share?

Write to me with your ideas and story suggestions.

Hrant at hg.hetq@gmail.com

Source: HetqOriginial Article

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For Better or For Worse: Nature Protection Ministry Proposes Amendments to Water Use Laws

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16:44, February 14, 2014

With the goal of providing a systematic solution to issues of effective use of water resources in Ararat valley, the Ministry of Nature Protection of the Republic of Armenia (RA) is proposing amendments and additions to the RA Water Code, and the RA laws on the Republic of Armenia’s National Water Program, on Licensing, and on State Tax.

The proposed legislative package has been sent to the relevant state agencies for their input.

Head of the Ministry of Nature Protection’s Water Resources Management Agency Volodya Narimanyan told Hetq, said that with this amendment package his ministry is attempting to clarify the ideas and the ambiguous commentary, as well as introduce new requirements. For example, one of the main points of the proposed amendments is if water use permit conditions are not met, the water use permit might be annulled.

“In the past, if water use conditions weren’t met, we couldn’t void the permit, but now we’re making that clear. If the state gives you a water use permit with this condition, be kind and meet this condition; otherwise, we will make the permit null and void,” he explained.

A new requirement in the proposed package concerning the execution of drilling operations stipulates that a drilling company or individual must obtain a license so that the state can supervise its activities. “Those companies that execute drilling must have a license for drilling. That is, we are proposing to license activities,” he added.

After the relevant state bodies discuss and submit their opinions regarding the amendments, Narimanyan says, the package will be sent to the RA Ministry of Justice, the government, then finally to parliament.

Source: HetqOriginial Article

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2013 in Civil Society: Protests and more protests

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The struggle of civil movements this year has been comprehensive and diverse with limited success in certain fields due to unified efforts and active involvement of the civil society.

Despite the rather passive start of the year in terms of civil movements, the second half of 2013 turned out to be tense with active developments.

Some analysts believe that especially after the February 18 presidential ballot, when current president Serzh Sargsyan won a decisive victory over his opponents and was re-elected for a second term, despite the widespread poverty and atmosphere of injustice in the country, people became even more aware of the fact that is it impossible to achieve changes via elections and started practicing their constitutional rights to civil protest and disobedience more frequently.

Karabakh war veterans’ civil standoff has been unprecedented. Although, every now and then on different occasions they had complained of their social conditions and of being neglected by the state , however never before had they come out to hold systematic rallies and sitting strikes. Retired army colonel Volodya Avetisyan initiated the civil standoff in May and in October found himself behind the bars, with charges of “swindling …in large amounts”. Avetisyan’s and his comrades-in-arms claim that by bringing charges the authorities are trying to silence him. The war vets demanding increase of their pensions and various privileges have now focused their struggle on various acts of protest in Avetisyan’s support. There is another group of Karabakh war veterans presenting political demands to the government. Every Thursday they hold small rallies in Liberty Square and demand that the government resign.

Yerevan mayor Taron Margaryan’s decision to raise public bus fare by 50 percent made the hot Yerevan summer even hotter.

The decision was immediately followed by a civil movement when numerous young activists held a variety of acts of protest during five consecutive days relentlessly struggling, rebelling against the bus fare increase and made the municipal government in the Armenian capital heed the people’s voice, forcing them to understand they would not pay more for using the overloaded, worn-out and hardly functioning minibuses.

The unified effort yielded results and on July 26 the mayor suspended the application of his decision temporarily, meaning that the buses and minibuses continued operating for the same 100 dram fare (around 24 cents). The mayor, however, stated that if residents of Yerevan wanted to have decent public transport services, they have to be ready to pay more. Municipal officials and transport companies running the routes have repeatedly stated after the summer civil standoff that the rise of bus fare is unavoidable, grounding it by the fact that everything else has become more expensive except for public transport services, hence their expenses have grown and they are operating at a loss.

The departing year has turned out to be rather active also in terms of public protests against controversial construction projects. In August, residents of 10 and 12 Sayat-Nova Avenue and 5 Komitas streets, in Yerevan, rebelled against construction in their neighborhoods. These people claim that the construction licenses in densely populated zones of the city are illegal, violate the seismic resistance norms, and block their light. Despite the variety of measures the residents have resorted to, even lying down in front of construction machines to block their way, no tangible results have been achieved; their struggle is ongoing (h).

Despite a drawn-out battle to preserve unchanged Yerevan’s Pak Shuka (“Covered Market”), on the list of historical-cultural heritage and belonging to businessman MP Samvel Alexanyan, opened its doors after two years of repairs, but now as a fashionable supermarket, rather than the produce market it used to be. Although ruling Republican MP Alexanyan kept the fa

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