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Armenia Must Focus Attention On Competitive Advantages Amid Crisis

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  • Armenia Must Focus Attention On Competitive Advantages Amid Crisis

    ARMENIA MUST FOCUS ATTENTION ON COMPETITIVE ADVANTAGES AMID CRISIS

    ARKA
    March 21, 2009

    TSAKHKADZOR, March 21. /ARKA/. Amid the global crisis Armenia must
    focus its attention on the sectors that are long-term competitive
    advantages, Andre Antonyan, member of the Board of Directors, McKinsey
    & Company consultancy, told reporters.

    It is important to differentiate the sectors the country will have
    long-term advantages in, Antonyan stated at a meeting of the National
    Competitiveness Council in Tsakhkadzor.

    He pointed out that the crisis affords opportunities for developing
    particular sectors and for thinking of the most favorable correlation
    between the Armenian economic sectors.

    Among the important sectors are information technologies, tourism
    and diamond cutting.

    "Some industries are prerequisites for the general efficient economic
    activities. They are the banking system, health care and education,"
    Antonyan said.

    He also said that RA Prime Minister Tigran Sargsyan presented the
    Government's anti-ctisis program to the participants.

    "We have a general idea of the program and arranged to thoroughly
    study the document after the meeting," Antonyan said. He added that the
    program provides for typical measures implemented by any Government.

    The most important that is that the program be realized. Creative
    approaches are well developed in Armenia, but must be transformed
    into actions, Antonyan said.
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