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Armenia: Nation must rethink competitive strategy while leaving financial crisis

 |  November 21, 2013

As Armenia begins to emerge from the 2008 global financial crisis, a new report by the World Bank Group is suggesting the nation must rethink its economic strategy and focus on strengthening internal competition.

Its report, “Accumulation, Competition and Competitiveness,” promotes the job creation agenda by suggesting Armenia must encourage domestic competition, which the World Bank Group said in its report is of “crucial importance.”

”Pro-competition sectoral reforms and effective implementation of antitrust rules can lead to significant productivity gains and consumer savings,” the report said.

Armenia, like much of the world, suffered great job losses following the financial crisis; the struggle lead to a loss in investor confidence, according to reports.

Full Content: World Bank

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