From Poverty to Prosperity

Abstract

The implementation of a consistent and targeted policy directed to the increase in the standard of living of the population requires a quantitative evaluation of the results of the reforms implemented in various fields. The paper conducts a comparative analysis of the trends of the key components of the standard of living and prosperity of Armenia, Azerbaijan and Georgia. Armenia has managed to take a progressive position in relation to neighboring countries, mainly due to normative and legal regulations, meanwhile there has been a decline in some components of human development, particularly in education. In this regard, it is important to adjust the priorities based on the quantitative assessment of the reforms and implement a consistent policy, which will allow qualitative changes in the primary sectors of public life and economic development.