Alexey Ulyukaev: APEC Economies have to Look for New Growth Drivers


On November 17, 2015 Minister of Economic Development of the Russian Federation Alexey Ulyukaev in Manila (the Philippines) took part in the session: “Inclusive Growth by Stable Communities Forming” within a joint meeting of APEC Ministers of Foreign Affairs and Ministers of Trade, the meeting goes before APEC Leaders’ Summit (November 18-19).

In the current economic and financial situation APEC economies have to look for new growth drivers and this topic became one of the most debated. The Ministers noted that human capital development, providing women, small business, vulnerable groups with broad economic opportunities were important elements of inclusive growth, stable and innovative economic development.

“In September this year in Vladivostok we organized the 4th APEC Conference dedicated to the cooperation in higher education, transboundary movement of students, scientists and lecturers, cooperation between universities and business community in APEC region. It is evident for us that modern education must meet the employers’ requirements and sharing experience with our partners is very important in this work,” Alexey Ulyukaev reminded.

The Head of Russian delegation marked an important role of healthcare in increasing human capital quality and economic development and pointed out that Russia supported APEC initiatives and offered her own projects. “Healthy economy needs healthy people. It is critically important to invest in human capital, in health of nation. I give you some examples. We are discussing with our partners a practical use of cost-efficient and affordable measures for non-contagious diseases diagnostics in medical institutions. We are planning to work together in order to solve the problem of a lack of health-care workers in remote and rural areas. Solving these problems will improve life quality of our people,” he added.