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Book Cover
Author Kamel, Sherif, author

Title Economic Recovery and Revitalization / co-convened by Sherif Kamel and Christopher M. Schroeder
Published Washington, D.C. : Atlantic Council, [2016]
Online access available from:
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Description 1 online resource (21 pages)
Contents Foreword -- Introduction -- I. The Problem: A Region Ill-Prepared for the Twenty-First Century -- II. Principles and Objectives Guiding a New Choice: Unleashing Human Capital through Technology -- III. Are There Lessons for Societies in Conflict? -- IV. Recommendations -- Conclusions
Summary "Middle East economies as a whole are ill-prepared for the twenty-first century. States with vast human and natural resources remain mired in poverty and unemployment, reliant upon state-centric rentier systems that simply cannot keep pace with their demographic demands. Increased state spending will not pull the region out of this hole--particularly in an age of $30-per-barrel oil. Instead, the Economic Recovery and Revitalization Working Group report, co-convened by Sherif Kamel and Christopher M. Schroeder, reveals that two factors seem to be key in achieving economic momentum: reformed education with a focus on critical thinking skills and the complete opening of legal and regulatory frameworks to nurture small business entrepreneurs and encourage the successful movement of ideas, people, goods, and capital. The latter is critical not because everyone in the region can or should start their own business, but because economic ecosystems in which startups can thrive are also positive environments for industry as the whole. Technological developments in mobile communications make this moment more opportune than any in history for empowering smart individuals with novel ideas. Internet use in the Middle East has been accelerating at an increasing rate annually. This phenomenon is rapidly creating the potential for countries in the region to "leapfrog" intermediary stages of communications infrastructure, such as 2G and 3G mobile networks, and thus catch up to the rest of the world without wasting resources on outmoded technology"--Publisher's description
Notes "A working group report of the Middle East Strategy Task Force."
"February 3, 2016"--Table of contents page
Online resource; title from PDF title page (Atlantic Council, February 3, 2016)
Subject Economic development -- Middle East -- 21st century
Technology -- Middle East -- 21st century
Economic development.
Economic history.
Economic policy.
Middle East -- Economic conditions -- 21st century
Middle East -- Economic policy -- 21st century
Middle East.
Form Electronic book
Author Schröder, Christopher, author
Atlantic Council of the United States. Rafik Hariri Center for the Middle East, publisher, issuing body
ISBN 1619779501