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Human Capital Armenia's Major Competitive Advantage - IT Expert

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  • Human Capital Armenia's Major Competitive Advantage - IT Expert

    HUMAN CAPITAL ARMENIA'S MAJOR COMPETITIVE ADVANTAGE - IT EXPERT

    15:06 * 12.12.14

    Human capital is said to be Armenia's major competitive advantage,
    and education is the major factor in creating it, Hovik Musayelyan,
    Director of Synopsys Armenia, told reporters on Friday.

    "According to calculations, only ten per cent of graduates of technical
    higher schools find jobs, which is a rather low figure.

    There are two objective reasons for that," he said.

    The first is the lecturers, who have to attend regular refresher
    courses. The second is the problem of technical equipment of higher
    schools, which requires funds.

    Mr Musayelyan sees two ways of resolving the problems.

    First, the government could allocate funds or higher schools could
    find partners.

    "Since the government does not plan to allocate funds from the state
    budget, higher schools have to cooperate with the private sector,"
    Mr Musayelyan said.

    Cooperation with Synopsys Armenia is a striking example.

    Besides education problems, Mr Musayelyan pointed out a problem
    of Armenian companies' contacts with the global market, which is
    saturated. However, good ideas are sure to be sponsored.

    Mr Musayelyan welcomes tax benefits for start-ups. IT could be an
    instrument for different economic sectors.

    http://www.tert.am/en/news/2014/12/12/hovik-musayelyan/1534100




    From: A. Papazian
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