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Armenian Economic Review (AER) is an open-access journal publishing high-quality, peer-reviewed theoretical and empirical research across the full spectrum of economics, finance, business and management.AER emphasizes inclusivity, research integrity, and methodological soundness, with submissions evaluated on scholarly merit rather than perceived impact.AER adopts an objective and constructive peer-review process and uses article-level metrics to assess research on its own merits. It welcomes contributions relevant to both academic and practitioner audiences

This article examines the legislative and legal regulation of science, drawing on the experience of various countries to identify effective models. It analyzes the scientific legislation of several states with advanced research systems and provides comparative assessments. In the contemporary world, no country can develop without adapting to global transformations. Science and the practical application of its results play a crucial role in national development and in improving living standards, which necessitates the internationalization of scientific activity. Therefore, the legal framework must create favorable conditions for scientific progress, innovation, and responses to emerging national challenges. The current legislation regulating the scientific sphere in Armenia does not adequately address the requirements of 21st-century science, including international cooperation, open science, digitalization, advanced research management, artificial intelligence, and high-technology integration. The purpose of this study is to examine international legislative practices and propose improvements to Armenia’s legal framework governing science. Comparative and descriptive research methods were used, relying on scientific literature and normative legal acts. Based on the legislative experience of different countries, the article recommends incorporating legal definitions of “scientific work” and “scientific result” into Armenian law, adopting flexible evaluation mechanisms for scientific organizations and researchers, and implementing policies that encourage the inflow and retention of scientists. The legislative examples of China and Korea are particularly noteworthy, as they promote the activities of both domestic and foreign researchers and offer broad opportunities for international students. Ultimately, the value of science lies in the effective application of its results, contributing to the prosperity of the country and its people.

Institute of Economics after M. Kotanyan of the NAS RA

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Fundamental Scientific Library of NAS RA