Economist Daron Acemoglu of the Massachusetts Institute of Technology, a Nobel laureate, stated that among former Soviet states, only Armenia was well-prepared for a smooth transition from communism to democracy, considering its human capital and support from abroad. He made these remarks in an interview with thebell.io .
However, he added that Armenia did not achieve success from either an economic or political perspective, as reported by Aravot.
"Armenia did not achieve success from either an economic or political perspective. I consider the main issue to be the fact that in many post-Soviet countries, civil society was weak, and the transition to a new system occurred in the same scenario as in Russia during Yeltsin's era, when former communist cadres came to power and declared themselves leaders of independence," the Nobel laureate stated.
