Hakob Hakobyan

Nowadays, the most popular and widespread models of corporate governance are Anglo-American, European (continental), and Japanese. The Japanese model radically differs from the first two, which is based on the principles of reciprocal shareholding, the formation of large associations...

Competition has an important role in the system of a free-market economy. In fact, it is the basis of market development. Adam Smith was the first scholar to speak about the competition in the economic system in his work...

The realization of the local self-government system is one of the preconditions of the realization of democracy. According to the European charter of local self-government,  “self-government is the right and ability of local self-government bodies to regulate and control most...