McKinsey & Company Global Managing Director: Armenia should become the beacon of development in the region

PanARMENIAN.Net - Global Competitiveness Forum has ranked Armenia 97th in the world for competitiveness; however, the country is making active attempts to improve its position, with local experts having higher qualification as compared to other states in the region, according to Global Managing Director of McKinsey & Company, Dominic Barton.

At National Competitiveness Foundations conference in Yerevan, he stressed the necessity for the increase of competitiveness and reduction of corruption level for Armenia to be different from other regional states.

As the expert noted, Armenia has to select priority spheres to be represented by at the global market, as well as invest in the development of infrastructures. “Armenia has a strategically important position, which might make the country the beacon of development in the region. I would pick no other country but Armenia if I were to set headquarters in the region. People of Armenia struck me as reasonable and logical,” Barton stated, urging Armenia to strive towards making a difference in the region.

McKinsey & Company is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to the world’s leading businesses, governments, and institutions. It is recognized as a leader and one of the most prestigious firms in the management consulting industry.