Armenian International Magazine (AIM) August 1998
VIEW: Selling Off the Big Ones
[Editorial by Hratch Tchilingirian]
Privatization, de-nationalization, investments, free-market are among the most complex and misunderstood terms in virtually all the newly independent states. Like chemotherapy which introduces drastic and painful changes in the body even while trying to save it, the introduction of free-market economics brought major pain (together with some good and the promise of more). All of this came with many unexpected and often undesired side effects.