Armenia should enhance innovative economy: Mckinsey&company
01.11.2010,
20:18
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
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. -0-
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. -0-
