Tweet
DEVELOPMENT OF TEN ECONOMIC CLUSTERS WILL RESULT IN $16 BILLION GDP GROWTH
YEREVAN, April 18. / ARKA /. If Armenian authorities focus on
development of ten economic sectors the country's GDP will surge in
ten years by $16.3 billion and some 230,000 new jobs will be created,
head of the department of economic theory and policy at the Russian
Academy of National Economy and Public Administration, who was a key
speaker today at Yegor Gaidar Readings at Russian-Armenian (Slavonic)
University.
Yegor Gaidar was Russia's acting prime minister from 15 June 1992 to 14
December 1992. He is best known as the architect of the controversial
shock therapy reforms administered in Russia after the disintegration
of the Soviet Union.
"It is much easier to advance a small country as in a small country
the government may focus on a few key clusters, each of which may
significantly boost the GDP," he said.
According to Aganbegian, in Armenia these 10 clusters are information
technology, chemical industry, energy, copper and molybdenum
production, agro-industrial complex, the jewelry industry, housing
and social construction, transport, tourism and small businesses.
According to his calculations, $12.5 billion worth investments will
be enough to boost these sectors, which he said, should be deployed
outside the capital city. -0-
YEREVAN, April 18. / ARKA /. If Armenian authorities focus on
development of ten economic sectors the country's GDP will surge in
ten years by $16.3 billion and some 230,000 new jobs will be created,
head of the department of economic theory and policy at the Russian
Academy of National Economy and Public Administration, who was a key
speaker today at Yegor Gaidar Readings at Russian-Armenian (Slavonic)
University.
Yegor Gaidar was Russia's acting prime minister from 15 June 1992 to 14
December 1992. He is best known as the architect of the controversial
shock therapy reforms administered in Russia after the disintegration
of the Soviet Union.
"It is much easier to advance a small country as in a small country
the government may focus on a few key clusters, each of which may
significantly boost the GDP," he said.
According to Aganbegian, in Armenia these 10 clusters are information
technology, chemical industry, energy, copper and molybdenum
production, agro-industrial complex, the jewelry industry, housing
and social construction, transport, tourism and small businesses.
According to his calculations, $12.5 billion worth investments will
be enough to boost these sectors, which he said, should be deployed
outside the capital city. -0-