|PROBLEMS OF MODERN ECONOMICS, N 1 (33), 2010|
|SOCIO-ECONOMIC DEVELOPMENT IN EURASIAN STATES|
|Markosian A. Kh.|
Deputy, Head of the Department for Managing State Property, Government of the Republic of Armenia PhD (Economics), Professor
Petrosian M. A.
Executive Director, Stock Company “MAP”, PhD (Economics)
Ovasapian A. V.
Research Fellow, M.Kotanian Institute of Economics National Academy of Science of the Republic of Armenia PhD (Economics)
|The article presents results of research for evaluation of economic and financial risks to be expected if Armenian-Turkish border is opened. Results of calculations and economic analysis of macro-economic indices show that in such a case Armenia will suffer considerable economic costs. From the macro-economic perspective the opening of the border will bring more advantage to Turkey|
|Key words: Armenia, Turkey, Armenian-Turkish economic relations, economic and financial risks, currency rate, economic costs|