Informal Economy of Armenia Reconsidered

Abstract

Informal relations are quite common in Armenia and include broad spectrum of relations within the society. Despite the fact that during the recent years, the government has taken some efforts to decrease corruption and formalize some of activities, the struggle affected the most obvious manifestations of corruption, whereas an informal approach to the problem solving is still considered a model in the society. Certainly, this applies not only to politics, but also to the economy.