Armenia, being a small, landlocked, open economy, that has a narrow domestic market, but at the same time capable of creating technological and innovative products, should reconstruct its economy based mainly on the mechanisms of the production and export of industrial goods that have most of the added value. Meanwhile, the RA economy, according to the relative competitive advantages, is at a low level. In the four-level scale of competitive advantages, industrial production is either at the

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... st (advantage based on production factors) or at the second (advantage based on exports) levels. However, the sphere of industry (including the mining industry) over the past decades has an opportunity, with the right policies and tools, to move to the third phase of competitiveness based on innovation.