Knowledge-based economic development as a unifying vision in a post-awakening Arab world

Type Working Paper - Munich Personal RePEc Archive
Title Knowledge-based economic development as a unifying vision in a post-awakening Arab world
Author(s)
Volume 14
Publication (Day/Month/Year) 2011
URL http://mpra.ub.uni-muenchen.de/30305/1/MPRA_paper_30305.pdf
Abstract
This article traces the evolution of knowledge-based economic development in the Arab World. In pursuing this objective, many countries in the region have made large statedriven human capital investments with the goals of job creation, economic integration, economic diversification, environmental sustainability, and social development. An assessment of the effectiveness of Arab investments in human capital shows marginal progress towards knowledge-based development over the last decade. A disconnect between the skills developed in Arab skills formation systems and those required by private sector employers relegates Arab businesses to contesting lower-skilled, nonknowledge intensive industries which has stalled knowledge-based development in the region

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