The fourth edition of The Arab World Competitiveness Report was published by the World economic Forum in 2011 and addresses two key areas for the Middle East to consider.
1. A Time of Opportunities: The Competitiveness Performance of the Arab World
Chapter 1 analyzes the competitiveness of 14 Arab countries using the framework of the Global Competitiveness Index (GCI). Competitive economies are those that are likely to grow over the medium to longer term and have in place the policies, factors and institutions that support productivity. Productivity is a determining factor for economic growth, which in turn is needed to generate employment.
The authors write that the successful implementation of a competitiveness agenda will pave the way for more private sector activity and lead to the creation of gainful and sustainable employment across the region. The chapter closes with an analysis of competitive strengths and weaknesses of each country in the region covered by the GCI.
2. Opportunities and Challenges in the MENA Region
Chapter 2 provides an account of the main opportunities and challenges to economic development in the region and reviews economic performance in the last 10 years, taking into account recent events. The challenge with the highest priority is to create more jobs for the youth, women and the most educated.
The region’s governments and the international community need to work hand in hand to develop strategies to promote inclusive and sustainable economic growth and employment if they are to fulfill the aspirations of the Arab world’s citizens.