The economy relies heavily on investment and support from Armenians abroad. Before independence, Armenia's economy was largely industry-based – chemicals, electronics, machinery, processed food, synthetic rubber, and textile – and highly dependent on outside resources. The republic had developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Recently, the Intel Corporation agreed to open a research center in Armenia, in addition to other technology companies, signalling the growth of the technology industry in Armenia. COUNT 4
QSN1 What group is opening a research center in Armenia? ANS1 Intel Corporation QSN2 As opposed to an industry-based economy, what industry is Armenia moving to? ANS2 technology industry QSN3 The Arnmenian economy depends primarily on what? ANS3 investment and support from Armenians abroad QSN4 What did Armenias industry-based economy consist of? ANS4 chemicals, electronics, machinery, processed food, synthetic rubber, and textile