<p>On October 9, 2011, PFA co-founder, Vladimir Shekoyan, spoke at a conference on &ldquo;Artsakh in Today&rsquo;s World&rdquo; organized by the Artsakh Development Group, a Los-Angeles-based non-profit. The <img alt="" src="file://localhost/Users/rafihovsepian/Desktop/271433ba3a.jpg" />event, held at the Glendale Public Library and hosted three panels on History and Politics, Economy, and Culture.</p><p>Below is the summary of Mr. Shekoyan&#39;s speech titled&nbsp;<strong>Economic Prosperity as&nbsp;Cornerstone of&nbsp;Independent Artsakh.</strong></p><p>&nbsp;</p><p>During the last 20 years Kharabagh was able to create an economy that&nbsp;for better or worse&nbsp;is able to meet basic needs of its population. As such, today, the major parts of Artsak&rsquo;s economy are agriculture, construction, mining industry, and to lesser extend light industry and energy generation.</p><p>According to the data published by the&nbsp;State Statistical Committee, during the first&nbsp;9 months of 2011, Artsak&rsquo;s total industrial output was equal to more than $80 million, out of which 46 percent was attributed to mining.&nbsp;During the second quarter of 2011, Artsakh&rsquo;s per capita GDP grew to more than $1,000, a relatively modest number&nbsp;for today&rsquo;s world.</p><p>GOING FORWARD</p><p>- One of the most important issues that needs to be addressed is the Governance Issue.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p><p>- Government Involvement</p><p>-&nbsp;Support to businesses</p><p>- Developing and preserving Human capital</p><p>- Inflow and outflow of capital</p><p>- Work force development</p><p>- Creating more jobs</p><p>- Creating conditions to attract new and/or foreign investments working through Armenian Diaspora</p><p>- Preferential tax treatment for new investments</p><p>- Promoting direct economic and trade linkages with outside world</p><p>- Monetary and fiscal policy&nbsp;</p><p>- Transportation problems.</p><div><div><img alt="" src="file://localhost/Users/rafihovsepian/Desktop/271433ba3a.jpg" /></div></div>