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Armenian Regions Prioritize Small-Scale Business

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  • Armenian Regions Prioritize Small-Scale Business

    ARMENIAN REGIONS PRIORITIZE SMALL-SCALE BUSINESS

    /PanARMENIAN.Net/
    24.07.2009 12:00 GMT+04:00

    /PanARMENIAN.Net/ The Association of Young Women of Armenia
    jointly with ProSME, a project of The German Agency for Technical
    Cooperation (GTZ) in Armenia, have carried out PACA economic program
    in Eghegnadzor.

    PACA (Participatory Appraisal of Competitive Advantage) is a
    fast-growing, participatory, bottom-up, pragmatic and innovative
    approach to local economic development (LED). It is based on a set
    of tools that permit a rapid appraisal of the competitive advantages
    and disadvantages of a locality. It delivers concrete, practical
    proposals to stimulate the local economy (through the PACA exercise).

    The PACA exercise starts with a kick-off workshop with the local
    stakeholders, followed by a series of interviews with local players
    (firms, business associations, supporting institutions, local
    government and others), and mini-workshops with groups and local
    actors.

    PACA has been applied in more than 20 countries worldwide.

    The program helped determine priorities of economic development in
    Eghegnadzor. A package of relevant proposals on running small-scale
    business was developed.
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