Abel Aganbegyan

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Abel Aganbegyan was born on 8 October 1932 in Tiflis, Soviet Union (now Tbilisi, Georgia). An economist of Armenian descent, he is currently the Rector of the Academy of the National Economy in Moscow. He was one of Mikhail Gorbachev's chief economic advisors and among the first influential Soviet economists to voice the need for a restructuring of the economic and business infrastructure of the Soviet Union.

He was the director of the Novosibrisk Institute of Economics, and highlighted in 1965 some of the economic problems the USSR faced. He attributed the poor performance of the Soviet Economy that began being evident during the Brezhnev years to the enormous commitment of resources to defence and to the "extreme centralism" of the economy.

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