SPECIFICS OF IMPLEMENTING THE SOCIOECONOMIC POLICY TO ENSURE THE LABOR MARKET EFFICIENCY IN ARMENIA AND BELARUS

In this article was analysed socioeconomic situation in Armenia from and Bekarus 2011 to 2015. It was observed the elasticity of employment with respect to GDP, the unemployment rate and the level of poverty. In same time was improved labor market efficiency and flexibility play a key role in the economic development of a nation, by making the goods produced by specific industries more competitive and results in higher labor productivity.