Arab World Competitiveness Summit: Doha

Today, Tuesday, April 10, the World Economic Forum releases its third report on the economic, social and political progress in the region.

 Progress has been significant, largely due to the rising prices of oil and gas.  The analysis carefully distinguishes three different levels of development, and, for the first time, explicitly attempts to separate the effects of resource-based economies (read: those that sell oil and gas) from more broadly-based economies, by analyzing the world ranking of the Arab economies based on nine separate pillars of development.

Stage 1: Factor-driven
Egypt, Mauritania, Syria, Morocco
India, China
Basic requirements:critical
Efficiency enhancers:impt

Transition:
Stage1 to Stage 2

Algeria, Libya, Oman, Tunisia, Jordan
Colombia, Thailand, Venezuela
Basic requirements: critical
Efficiency enhancers:increasingly important
Stage 2: Efficiency-driven
 Turkey, Russian Federation
Basic requirements: very important
Efficiency enhancers: critical
Transition: 2 -> 3
Bahrain
Barbados, Czech Republic, Korea
same as above, but innovation factors more important
Stage 3: Innovation-driven
Qatar, UAE, Kuwait
United States, UK, Japan
All three important
 

The nine pillars are an extension of the categories utilized by the World Bank and the UNDP  for human development indices.

  1. Institutions
  2. Infrastructure
  3. Macroeconomy
  4. Health and primary education
  5. Higher education and training
  6. Market efficiency
  7. Technological readiness: capacity to absorb latest technologies
  8. Business sophistication
  9. Innovation: ability to develop entirely new products and services

The first four are grouped as Basic Requirements: Institutions, Infrastructure, Macroeconomy, Health and Primary Education.
The next three are grouped as Efficiency Enhancers: Higher Education, Market Efficiency, Technological Readiness
The last two are grouped as Innovation and Sophistication factors: Business Sophistication, Innovation.

In world-wide rankings:

 Switzerland 1 
 Singapore 5 
 US 6 
 UK 10 
 UAE 29 
 Qatar 32 
 Kuwait 36 
 Bahrain 39 
   


Examination of the progress of the Free Trade Agreements, beginning with the Jordanian Free Trade Agreement.

 


 Attendees:

Presidents, Ministers

Qatar

Dubai

Saudi Arabia

Jordan

Iran

Kuwait

Bahrain

UAE

UK

USA

France

Germany

China

Sri Lanka

Kenya

Egypt

Oman

Turkey 

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