This article outlines economic, social and political factors affecting the development of Armenia. The article was published online on the Russian International Affairs Council's website at http://russiancouncil.ru/en/inner/?id_4=8723#top-content. The Russian version of the article is also available at http://russiancouncil.ru/inner/?id_4=8723#top-content. The article was also published in the book: Эволюция постсоветского пространства: прошлое, настоящее, будущее / научный редактор: И. Тимофеев и др. (ISBN 97859909275) and is available in the AGBU’s Papazian Library at http://a10310uk.eos-intl.eu/A10310UK/OPAC/Details/Record.aspx?BibCode=38208729&SearchType=3&BrowsetxtSearch=evolutsiia&BrowselstIndex=1&BrowseSearchMethod=BeginsWithUnRestricted&BrowseIsSingleSelected=1