Analyzing and Assessing Armenia’s Critical Imports Through the Lens of Food Security

By Mariam Voskanyan, Russian-Armenian University,

Viktoriya Hayrapetyan, Russian-Armenian University 

Keywords: economic security, food security, critical imports, developing economy, Armenia

Abstract

With the development of the modern global economy and the uncertainty that increases every year, the issues of national security in general and food security in particular are coming to the fore in many countries. Food security is directly related to imports and their cost in terms of food products. Developing economies are more vulnerable in this respect than developed economies. The article aims to assess the food security of Armenia in the context of the structure of critical food imports and ways to reduce them. The analysis shows that Armenia is highly dependent on food imports, which reduces the level of its food security and negatively affects the overall economic security of the country.

The country needs to revise the policy on ensuring food security of Armenia in the medium and long term.