Armenia Towards a "New Economy": Defense Industry
Abstract
In fact, a new arms race could start in the world as a side effect of the so-called “4th Industrial Revolution” –
the main innovative trend of which is the widespread use of technologies such as artificial intelligence, machine
learning, quantum computing, additive manufacturing, robotics, Internet of things, cloud technologies etc., and
the countries involved in military conflicts cannot neglect this circumstance. As a small country, Armenia needs an
economy-army coalesced “intelligent” system that will respond adequately to any, even the slightest threat to the
country's security. This approach requires the development of indigenous defense industry. It is obvious that the
development of Armenian defense industry is in the inevitable point of intersection of the new wave of economic
transformations and the breakthrough of the “4th Industrial Revolution”, as the initiator of positive changes in the
economy, from which positive externalities must be spread throughout the economy by a chain reaction. The article
discusses the issues of defense industry development in Armenia in accordance with new challenges of Industry 4.0.
About the Author
A. B. Harutyunyan
National Defense Research University, Ministry of Defense
Armenia
Armenia
Candidate of Science (Economic), Associated Professor, Head of Strategic Gaming and Modeling Group
10 Avetisyan Str., 2309 Hrazdan
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Review
For citations:
Harutyunyan A.B. Armenia Towards a "New Economy": Defense Industry. Digital Transformation. 2021;(1):15-23.
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