It turns out that all the countries that have a positive foreign trade balance have domestic production. Anyway, this is what the RA minister of finances and economy said. “I don’t think that Armenia may ever have a positive balance of foreign trade” said Vardan Khachatryan during the discussions of the 2007 budget. Why can’t Armenia export more than import? According to the minister, Armenia should produce almost everything in the country in order to export more than import: starting from mobile phones and ending with the other imported products. It turns out that the theory of Adam Smith about world distribution of work does not concern Armenia. In other words, it turns out that we can be specialized in a specific field of production and import the other things from other countries. I don’t know any country that produces in the country and doesn’t import goods from other countries. Maybe those are the countries that are even jealous of Armenia’s foreign trade. According to Vardan Khachatryan, there are many such countries.
