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23 result(s) for "Al-Roubaie, Amer"
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Linkages creation and economic diversification: The case of Muslim countries
Economic diversification increases the ability of the economy to produce goods and services. In developing countries, including oil producers, high degree of dependence on limited number of commodities for exports could make the economy vulnerable to changes in global markets. Recent decline in oil prices has been responsible for budget deficits, inflation, unemployment, currency devaluation and financial instability. Economic diversification balances development by reducing the risk of high degree of trade concentration. This paper highlights the importance of economic diversification for promoting development in Muslim countries. Restructuring the productive system through knowledge creation, innovation and industrialization allows the economy to generate linkages and stimulates sectoral productivity. The paper examines the causes and consequences of high dependency on trade. Muslim countries must initiate policies to increase cooperation, invest in human capital, attract FDI and increase integration in the digital economy.
Poverty reduction in the Arab world: the use of ICTs
Purpose - The purpose of this paper is to assess and evaluate the role of information and communication technologies as a proposed solution to reduce poverty in the Arab countries and therefore achieve sustainable development. Design/methodology/approach - In this article, the authors have taken a somewhat extensive review of the different aspects of ICTs in DCs with particular focus on Arab countries. Given the current poor conditions and isolation of Arab countries from the rest of the world, a number of fundamental research questions are addressed. Findings - Empowering nations with ICTs could increase productivity, promote human development, create knowledge, disseminate information and reduce poverty. Originality/value - The paper highlights the importance of building ICTs capacity for both promoting human development and enhancing capabilities of people to participate in the economy.
Building indigenous knowledge capacity for development
The aim of this paper is to highlight the importance of Indigenous Knowledge (IK) in development. The paper focuses on the role that IK and local cultural values play in the process of development. Currently, knowledge, information, science and technology used in development are produced in developed countries without heed being paid to their impact on the local environment. IK, although often short-shirted, establishes a harmonious relationship between the social system and the environment in any given developing countries. Access to global knowledge is vital for supporting IK as well as for sustaining development.
An assessment of international liquidity and higher oil prices
Energy represents an important component of production costs and therefore, an increase in energy prices directly impacts economic productivity, unemployment, inflation, and balance of payments equilibrium - often engendering currency devaluations. Until recently, the growth in demand for conventional fuels, mainly oil and gas, has widened imbalances between demand for and supply of energy. The effects of the surge in oil prices ripple across the entire global economy resulting in a redistribution of international liquidity. The latter creates global imbalances characterized by increasing balance of payment deficits and deteriorating the terms of trade, reducing the flow of non-energy goods and services and increasing uncertainty of future global transactions. The aim of this paper is to shed some light on the impact of higher fuel prices on global liquidity management. [PUBLICATION ABSTRACT]
Knowledge transfer for sustainable development: East-West collaboration?
Purpose - The purpose of this paper is to discuss the potential impact that collaboration between East and West could have on sustainable development. Greater emphasis in this paper will be placed on the benefit that developing countries gain from building collaborative relations with the West. Obtaining access to knowledge and technology will enable developing countries to speed up the process of socio-economic transformation and sustain development. Developing countries can leapfrog by making use of the existing knowledge in the West. Design/methodology/approach - This paper provides descriptive assessment of the relationship between East and West to foster growth and sustain development. The paper uses newly developed ideas to build capacity for knowledge transfer to create linkages and accelerate the process of economic growth. The approach to knowledge-based development requires the creation of an enabling environment driven by skills, innovation, institutions and ICT. Findings - The paper suggests that knowledge transfer enables developing countries to sustain development. Access to global/western knowledge allows developing countries to diversify their economic structure and increase productivity. Technological learning and knowledge absorption permit these countries to leapfrog by surpassing several stages in their development. Practical implications - Information in this paper provides insight into the merits of the new economy and the potential benefits that developing countries can obtain from participating in the global economy. Indigenous knowledge and local innovation are important for local development, which can be enhanced through technology transfer and knowledge dissemination. Originality/value - Unlike traditional economic theories in which capital and labor provide the main inputs in production, this paper discusses a new approach to development where knowledge, skills and innovation represent the main forces behind growth. The paper explores new ideas to generate linkage and sustain development.
Building knowledge capacity for sustainable development in the Arab World
Purpose: In development studies, knowledge has been considered an important input for development as well as a major factor in wealth creation and global competitiveness. The main purpose of this paper is to highlight the importance of building knowledge capacity for sustainable development in the Arab World. Design/methodology/approach: This paper is an attempt to shed some light on the prospects of building knowledge capacity to sustain economic growth in Arab countries. The paper uses some of the scholarly work already published on knowledge creation to strengthen these countries capabilities to sustain development. Currently, the economies of these countries are driven by non-renewable recourses, mainly oil and gas, which will limit their ability to support long-term growth. Knowledge creates wealth through innovation and economic diversification. Findings: With the exception of a few Arab countries, the rest of the region remains inadequately prepared to support rapid modernization and promote sustainable development through knowledge creation. Radical reforms, driven by policy initiatives and institutional incentives need to be introduced in order to create an enabling environment capable of promoting knowledge culture and increasing economic productivity. Originality/value: This paper contributes to the existing literature on building knowledge development in the Arab world. The literature on this subject remains limited, and the paper therefore highlights some of the important issues related to knowledge sharing and use in Arab countries. The paper examines the role that the new economy, driven by knowledge, innovation and information, plays in sustaining development in the Arab world. Sustainable development is a dynamic process comprising knowledge creation, information dissemination and technological diffusion.