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Survive, Learn, Thrive: Strategic Human Capital Investments Toward a More Prosperous and Inclusive Armenia(World Bank, Washington, DC, 2020-09) World BankHuman capital – the knowledge, skills, and health that people accumulate over their lives and that enable them to realize their potential as productive members of society – is an important contributor to the wealth of all nations regardless of their income status. A child born in Armenia today will be 57 percent as productive when she grows up as she could be if she received a full education and was completely healthy. This reflects the existence in Armenia of deficiencies in its schooling, student performance on harmonized tests, and the protection from non-fatal health risks that it provides beyond childhood. These gaps in human capital formation have negative implications for the economy. The 2013-2014 National Competitiveness Report of Armenia highlighted that insufficient human capital is a binding constraint to the country’s growth. If Armenia ensured full education and complete health in the long run, the per capita Gross Domestic Product could be 1.75 times higher.
Publication(World Bank, Washington, DC, 2020-01) World BankArmenia's economy is heavily reliant on domestic demand, which is itself driven by remittances that support local construction and consumption. Armenia will need to shift to an export led strategy if it is to move from middle income to high-income status. Because Armenia is a landlocked country with comparatively high trading costs in physical goods, high-tech digital exports will continue to be key to Armenia's growth. This report seeks to identify strategic opportunities for Armenia’s private sector in high-tech global value chains (GVCs) and also highlights reforms that could support Armenia’s evolution. The study builds on the FY18 Armenia Systematic Country Diagnostic, which identifies value-chain development as a core building block for sectoral growth. Although the report is targeted at policy makers in the Armenian government, sectoral development strategies rely heavily on strong private sector engagement and open public-private dialogue. Armenia's tech community may therefore also take interest in this analysis.
Republic of Armenia Leveling the STEM Playing Field for Women: Differences in Opportunity and Outcomes in Fields of Study and the Labor Market(World Bank, Washington, DC, 2017-05) World BankThis report summarizes the challenges facing Armenian women at school and in the workplace with a special focus on STEM-related employment. As the world transitions to an increasingly digital economy, jobs in science, technology, engineering, and mathematics (STEM) will become a powerful driver of economic growth in the twenty-first century. Changes in economic productivity brought through technological innovation require countries to focus on STEM; these high-productivity fields are increasingly in demand in the global economy, and are the key to competitiveness and gross domestic product (GDP) growth.Parity between men and women was one of the major achievements of socialist regimes in Eastern Europe and Central Cultural stereotypes about the types of work women should engage in and their responsibilities at home present the strongest barrier to equality between women and men in Armenia Asia. Although access, enrolment, and achievement rates are gender-equal in Armenia, women and girls tend to self-select out of STEM education tracks and career fields. At the level of education institutions, policy actions can address issues of access, information, biases, and system-wide changes to promote gender neutrality. In the short term, schools can engage teachers and students in discussions about the benefits of STEM fields of study and careers, encourage girls to embrace their interest in math and science, and provide positive role models of women who work in STEM careers. Policy action can help women make the school-to-work transition and promote their career advancement once they are working. At a national level, policy and regulatory actions can address systemic issues of bias, market failure, and information. Even at this level, some quick wins are feasible. The government may consider whether public information campaigns are needed to promote positive aspects of STEM careers to students in middle school and above, such as greater income, flexibility, and status, as well as launch a media campaign to promote and celebrate positive female role models in STEM. STEM sectors are an important source of growth for Armenia given the country’s geography and closed borders. Also, considering Armenia’s adverse demographic trends, lifting women’s participation in key growth potential sectors, including STEM, is increasingly critical.