Akholi Research Says Technology to Lead Ukraine's Economic Growth

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Advanced Data Models Identify Ukraine’s Potential Path to Rapidly Advance Technology Sector Progress

Ukraine can likely add over $150 billion to the economy by developing technology related service exports now

Akholi Research, a research and advisory firm providing actionable quantitative economic and workforce modeling, today announced new research that demonstrates Ukraine’s unique opportunity to become a global technology center. Akholi Research data scientists have developed a proprietary set of algorithms that can be used to predict the potential impact of economic development programs based on key economic, demographic and political factors. Using these models, Akholi Research has discovered that Ukraine, with the world’s 13th largest Tertiary Educated Labor Force and eighth largest science, technology, engineering, and mathematics (STEM) resource pool has a unique opportunity to become a global technology center.

The report “Technology Market Assessment: Ukraine 2016” is available for download at http://www.akholi.com/wp-content/uploads/2016/01/Ukraine-Technology-Exports-2016.pdf

Phillip J. Hatch, a recognized global strategy, workforce and economic development expert and partner at Akholi Research and , said “Simply based on Ukraine’s labor force size, tertiary education rates and technical skills density,Ukraine should be a global technology leader within the ranks of countries such as Japan, Korea, Germany and United Kingdom. Unfortunately, the current crisis, ongoing corruption and IP protection concerns have greatly limited Ukraine’s ability to become a global technology leader. While Ukraine will not be able to grow technology related goods exports at this time, Ukraine can likely add over $150 billion to the economy by developing technology related service exports now. Citing other countries with similar corruption problems, it is possible for Ukraine to achieve success with technology related service exports while addressing corruption.

“If Ukraine can resolve corruption and IP protection concerns, Ukraine is poised for rapid growth within technology related industries. No other country has the same potential for growth.” continued Mr. Hatch.

The report, available in full, explores:
1. Performance of Ukraine’s current technology related goods and service exports
2. Factors limiting growth
3. Potential market size for Ukraine if concerns over the current crisis, corruption and IP protection are resolved
4. Actions Ukraine can do now to achieve GDP and technology industry growth now while addressing ongoing crisis, corruption and IP protection risk

About Akholi Research
By using advanced quantitative research and modeling, Akholi Research provides detailed insight into overall workforce and economic performance through. Through an experience and data-driven process, Akholi Research helps countries understand factors limiting their overall growth, defines market potential, define the most direct path for economy growth and greatly increases global private sector involvement in both workforce and economic development.

Akholi Research executives have proven private sector leadership experience. They also have experience advising governments and helping them address a variety of workforce, immigration, job creation and economic development issues. For more information, visit http://www.akholi.com

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Tamarie Ellis
Akholi Research
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Tamarie Ellis

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