Article at a glance:

Armenia's software advantage

To escape from poverty, the former Soviet republic of Armenia needs to focus on sectors in which it can best compete. One of the most promising, a McKinsey study suggests, is software and IT services, which benefit from the country's well-educated workforce, low wages, and foreign contacts.

The take-away

Armenia's government and private businesses should help to develop the software and IT sector by further boosting the country's educational system and by establishing funds to draw investment from the Armenian diaspora and other foreign sources.