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Armenia's High Economic Growth Still Does Not Contribute To Creation

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  • Armenia's High Economic Growth Still Does Not Contribute To Creation

    ARMENIA'S HIGH ECONOMIC GROWTH STILL DOES NOT CONTRIBUTE TO CREATION OF A GREAT NUMBER OF JOBS IN ARMENIA, UMB(E)A EXPERT SAYS

    Noyan Tapan
    Dec 12 2007

    YEREVAN, DECEMBER 12, NOYAN TAPAN. The high economic growth registered
    from year to year in Armenia still does not ensure a great number
    of jobs, as, in particular, the mechanisms of conducting the policy
    of youth's employment are weak. Economist Anastas Aghazarian said
    this at the December 12 conference, presenting the study conducted
    jointly by the Union of Manufacturers and Businessmen (Employers)
    of Armenia and the Center for Independent Analyses, Productivity,
    and Competitive Capacity Fund.

    According to the study results, the youth is not psychologically ready
    for quickly integrating into labor market in conditions of market
    economy. And as A. Aghazarian mentioned, the bureaucratic system, the
    limited financial resources and credits hamper young specialists to
    promote entrepreneurial activity. In his words, in spite of large-scale
    reforms implemented, country's business atmosphere still needs to be
    improved. The UMB(E)A has much to do in the respect of involving the
    youth in business.
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