February 23, 2009 - 13:21 AMT
RA Prime Minister: we are forming a new world
The global economic crisis is a chaos which will lead to formation of a new world, Armenia's Prime Minister said.

"We are facing formation of a new world. It means that a new logic we are unable to distinguish yet is emerging," Tigran Sargsyan said when addressing Bridge 2009 economic forum in Tsaghkadzor.

The states should develop new concepts and apply non-traditional methods to overcome the crisis, according to him.

"Protectionism is going forward at a steady gait, bringing the process of globalization to its end and giving birth to localization. Under the circumstances, the Armenian government will work to secure macroeconomic stability," he said.

The sixth Bridge 2009 kicked off on Saturday, bringing together over 300 entrepreneurs from different countries.