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Human Capital Is Most Important Resource For Economic Progress In Ar

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  • Human Capital Is Most Important Resource For Economic Progress In Ar

    HUMAN CAPITAL IS MOST IMPORTANT RESOURCE FOR ECONOMIC PROGRESS IN ARMENIA, EXPERT SAYS

    YEREVAN, July 10./ARKA/. Human capital is the most important resource
    for Armenia's development, implies Tatul Manaseryan, director of
    Alternative research center.

    "We shouldn't allow such high "brain outflow" and such high
    unemployment rate among the young people. Unemployment rate in
    some age groups reaches 60%. This is unacceptable and raises serious
    hindrances for economic development," he told reporters at the doorstep
    to the conference on post-crisis developments and economic challenges
    for Armenia.

    There are also some other poorly used opportunities which could boost
    economic progress in Armenia, such as drinking water reserves and
    alternative energy resources.

    "Even though Armenia depends on energy suppliers, it produces energy
    itself using just 1/3rd of its resources," the expert said.

    According to Ministry of Labor and Social Affairs of Armenia, as of 1
    May 2013, 60,200 people out of 10,200 job seekers are unemployed. Some
    10,683 people receive unemployment allowances. -0-

    - See more at:
    http://arka.am/en/news/society/human_capital_is_most_important_resource_for_econo mic_progress_in_armenia_expert_says_/#sthash.UtysLaFK.dpuf

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