Announcement

Collapse
No announcement yet.

Armenia Should Enhance Innovative Economy: Mckinsey&Company

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenia Should Enhance Innovative Economy: Mckinsey&Company

    ARMENIA SHOULD ENHANCE INNOVATIVE ECONOMY: MCKINSEY&COMPANY

    ARKA
    November 1, 2010
    YEREVAN

    YEREVAN, November 1, /ARKA/. Armenia should concentrate its efforts on
    developing innovative sectors of economy, Dominic Barton, the Managing
    Director of McKinsey & Company, said October 30 when addressing the
    participants of the third conference of the National Competitiveness
    Fund of Armenia in Yerevan.

    He said if Armenia fails to do so it will be ousted from consumer
    markets. He said Armenian authorities should change the main economic
    accents by shifting from imports to local production. He said if
    he were an Armenian businessman he would buy also mines and land in
    other countries. In his words, quick development and improvement of
    quality of goods and services has become an imperative.

    Dominic Barton said also Armenia should make efforts to improve
    its competitiveness. He said Armenia will have to go a long road to
    improve its current competitiveness level.

    In the global rating of competitiveness prepared by World Economic
    Forum Armenia dropped one notch from last year's position to stand
    now on 98-th position.

    "Armenia has a strategically important position, which might make
    the country the beacon of development in the region. I would pick
    no other country but Armenia if I were to set headquarters in the
    region," Barton stated, urging Armenia to strive towards making a
    difference in the region.

    McKinsey & Company is a global management consulting firm. It serves
    as an adviser to the world's leading businesses, governments, and
    institutions.




    From: A. Papazian
Working...
X