Competitive?: Report puts Armenia 79 of 117 countries

September 30, 2005
ArmeniaNow
By Vahan Ishkhanyan

For the first time since publication began in 1979, the Global Competitiveness Report has included Armenia in its 2005-2006 edition.
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The index, which ranks preconditions for economic growth, places Armenia 79th of 117 countries. Of other Commonwealth of Independent States, Armenia trails Kazkahstan (61st) and Azerbaijan (69th). Armenia placed only four positions behind Russia and is ahead of former Soviet countries Moldova, Ukraine, Georgia, Tajikistan and Kyrgyzstan. Finland tops the list, followed by the United States. Chad is at the bottom.

While preparing the report the countries’ technological problems, state public institutes (implementation of law and productivity of contract relations), macro and micro economic indices, business competitiveness, level of development and other issues have been taken into account, each of which has a separate index table. (Armenia is, for example, 94th in the technological index.)
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The Report is prepared by the World Economic Forum (www.weforum.org) non-profit international organization based in Geneva. The organization is known also for organizing the annual summit of political and economic leaders in Davos.

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