ArmInfo. Armenia plans to improve its position in the Global Competitiveness Index. The government of Armenia on July 13 at a government meeting approved the list of activities for 2017-2018, which is necessary to improve the country's position in the rating.
According to the Minister of Economic Development and Investments Suren Karayan, the government has studied the indicators of the previous index, identified shortcomings and areas for which reforms are needed in the coming years. As the Minister pointed out, in particular, 78 gaps in the 10 main areas were diagnosed with gaps and necessary measures to be taken. "Holding 36 events will improve Armenia's position in the Global Competitiveness Index," the minister said.
Armenia ranked 79th among 138 countries in the competitiveness ranking for 2016-2017, having improved its positions by three positions.
The Global Competitiveness Index is a global study and its accompanying world ranking in terms of economic competitiveness. It is based on the methodology of the World Economic Forum, based on a combination of publicly available statistics and the results of a global survey of company executives, an extensive annual survey conducted by the World Economic Forum in conjunction with a network of partner organizations - leading research institutions and organizations in countries analyzed in report. The research has been conducted since 2004 and currently represents the most comprehensive set of competitiveness indicators in various countries of the world. The index is made up of 12 components of competitiveness that detail the competitiveness of the countries of the world at different levels of economic development. This is the "Quality of Institutions", "Infrastructure", "Macroeconomic stability", "Health and primary education", "Higher education and vocational training", "Efficiency of the goods and services market", "Labor market efficiency", "Financial market development" Technological level "," The size of the internal market "," Competitiveness of companies "and" Innovation potential."
