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OSCE Official Urges Armenia To Decentralize Power, Settle Infrastruc

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  • OSCE Official Urges Armenia To Decentralize Power, Settle Infrastruc

    OSCE OFFICIAL URGES ARMENIA TO DECENTRALIZE POWER, SETTLE INFRASTRUCTURAL ISSUES

    /ARKA/
    April 17, 2009
    YEREVAN

    Armenia can create clusters if it decentralizes power and establishes
    systems with great autonomy, Head of OSCE Yerevan Office Sergey Kapinos
    said today at a conference on the genesis and prospects of the global
    financial crisis. He also urged Armenia to solve infrastructural
    problems and reconstruct roads.

    "Clusters are rather interesting and perspective, with OSCE being among
    those who are making attempts to create clusters in regions. These
    activities include searching support points in economy and creating
    economic biosystems of symbiosis," Kapinos added.

    He also stressed the role of growth corridors in boosting economic
    rates, citing India's example.

    "Everything depends on how fast international transport corridors
    open," Kapinos said.

    Touching upon the impact of the global financial crisis on Armenia,
    he pointed out two planes of the issue.

    "The first plane includes tactical steps and prompt measures that
    can help tackle the impact of the crisis. The second plane includes
    long-range measures to restructure and modernize economy," the OSCE
    official said, stressing the need for simultaneous activities.

    "All we can say now is that prompt measures are being undertaken. We
    may argue about their effectiveness. I personally think that the
    real sector gets a selective su pport," he said, pointing out the
    weak points of the policy.

    Abel Aghanbekyan, academician from the Russian Academy of Sciences,
    previously said Armenia could develop up to 11 economic clusters,
    becoming an industrial country. According to his estimates, each of
    these clusters can inject up to $3bln in the country's GDP.
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