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Hrant Bagratyan

Hrant Bagratyan
Hrant Bagratyan 1.jpg
8th Prime Minister of Armenia
In office
2 February 1993 – 4 November 1996
Preceded by Khosrov Harutyunyan
Succeeded by Armen Sargsyan
Minister of Economy of the Republic of Armenia
In office
1991–1993
Succeeded by Armen Eghiazaryan
In office
1990–1991
Personal details
Born (1958-10-18) 18 October 1958 (age 58)
Yerevan, Armenia
Nationality Armenian
Political party Pan-Armenian National Movement

Hrant Ararati Bagratyan (Armenian: Հրանտ Արարատի Բագրատյան; born on 18 October 1958) is an Armenian politician.

He was the Prime Minister of Armenia from 2 February 1993 until 4 November 1996. He was a member of the Pan-Armenian National Movement party. He has PhD in Economics, author of more than 52 scientific articles and 7 books. In "The Society and the State" (Moscow, Izograph, 2000) he developed the theory of scientific technical cycles. Based on that he predicted regular centralisation and decentralisation of the management of the society. Particularly he predicted the centralisation of the management of the economy by 2010. Founder of a new direction in Economics: global macroeconomics or geoeconomics.

As Prime Minister of Armenia Hrant Bagratyan had a key role in the organization of successful military defence of Nagorno Karabagh in the war with Azerbaijan in 1993–1994. Thanks to this on May 12, a cease-fire was proclaimed and has largely held since.

Hrant Bagratyan is author of 61 scientific articles and 9 monographs. He is the founder of the new term "megaeconomics" and the theory behind this term. He considers megaeconomics as his greatest scientific achievement. According to the developments in the economic theory and its flexibility being dependent on changing circumstances and changing world, Bagratyan argues, that along with microeconomics and macroeconomics, there must also be a place for "megaeconomics", where economies are confronted in another, more global dimension. Megaeconomics should be considered as an instrument of finding stable equilibrium points for all the economies considered as one whole, in terms of interactions and influences on one another, in globalizing world of the 21st century. In that case goals and challenges are changing and that's the point where megaeconomics comes.

Leader of the Armenian economic reforms end of the 20th century, defined by World Bank as one of the best among former Soviet Union republics and countries of Eastern Europe.

77 published works including 17 monographs

Before starting his career at the Government of Armenia, Hrant Bagratyan worked at theater orchestra at the Theater after H. Paronyan, playing blues on acoustic guitar. Despite this, having no musical education, Hrant Bagratyan has authored over 15 works and plans to release an album. According to him, human life is enough to be professional at least in two spheres.


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