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BY GLOBAL COMPETITIVENESS REPORT 2008-2009, ARMENIA IN 97th POSITION BY ITS COMPETITIVENESS AGAINST 93rd PLACE LAST YEAR
Noyan Tapan
http://www.nt.am/news.php?shownews=118043
Oc t 9, 2008
YEREVAN, OCTOBER 9, NOYAN TAPAN. By the Global Competitiveness Report
(GCR) 2008-2009, Armenia is in 97th place by competitiveness out of
134 countries - against 93rd place in 2007. The chairman of "Economy
and Values" research center Manuk Hergian said at the October 9
press conference dedicated to the release of the report that it is
the fourth year that Armenia has been included in GCR. In his words,
GCR is an internationally recognized and authoritative annual report
that compares, assesses and analyses the economic competition of
various countries, aa well as the factors that affect their economic
development.
M. Hergian said that in a GCR, the countries are classified based on
the Global Competitiveness Index (GCI), which is based on 12 pillars
of competitiveness: macroeconomic stability, education, health, etc.
According to the GCR 2008-2009, the three most competitive countries
in the world are the U.S, Switzerland and Denmark. Among the CIS
countries, Russia is the most competitive one, followed by Kazakhstan
and Azerbaijan. M. Hergian underlined that the index did not take
into account the impacts of the international financial crisis as
the data used by the report represent the annual indices of 2007.
He noted that Armenia's competitive position has not undergone a
notable change as compared with last year and continues to be at
quite a low level.
In his words, Armenia is now facing serious challenges related to
raising the country's competitiveness, and in case of overcoming these
challenges Armenia will be able to maintain high rates of economic
growth. He said that at the present stage of development, Armenia's
main challenges are related to development of the microeconomic
bases of its competitiveness, however, the macroeconomic risks have
also increased in the past year. It was mentioned that the primary
prolems of the Armenian government are the elimination of the current
shortcomimgs in the resource and commodity markets, and ensuring an
institutional field aimed at a stable macroeconomic environment and
business development.
Noyan Tapan
http://www.nt.am/news.php?shownews=118043
Oc t 9, 2008
YEREVAN, OCTOBER 9, NOYAN TAPAN. By the Global Competitiveness Report
(GCR) 2008-2009, Armenia is in 97th place by competitiveness out of
134 countries - against 93rd place in 2007. The chairman of "Economy
and Values" research center Manuk Hergian said at the October 9
press conference dedicated to the release of the report that it is
the fourth year that Armenia has been included in GCR. In his words,
GCR is an internationally recognized and authoritative annual report
that compares, assesses and analyses the economic competition of
various countries, aa well as the factors that affect their economic
development.
M. Hergian said that in a GCR, the countries are classified based on
the Global Competitiveness Index (GCI), which is based on 12 pillars
of competitiveness: macroeconomic stability, education, health, etc.
According to the GCR 2008-2009, the three most competitive countries
in the world are the U.S, Switzerland and Denmark. Among the CIS
countries, Russia is the most competitive one, followed by Kazakhstan
and Azerbaijan. M. Hergian underlined that the index did not take
into account the impacts of the international financial crisis as
the data used by the report represent the annual indices of 2007.
He noted that Armenia's competitive position has not undergone a
notable change as compared with last year and continues to be at
quite a low level.
In his words, Armenia is now facing serious challenges related to
raising the country's competitiveness, and in case of overcoming these
challenges Armenia will be able to maintain high rates of economic
growth. He said that at the present stage of development, Armenia's
main challenges are related to development of the microeconomic
bases of its competitiveness, however, the macroeconomic risks have
also increased in the past year. It was mentioned that the primary
prolems of the Armenian government are the elimination of the current
shortcomimgs in the resource and commodity markets, and ensuring an
institutional field aimed at a stable macroeconomic environment and
business development.