Jordan 2011 - An Action Plan for 2012

TL;DR

Stakeholders in the Arab world discuss the importance of taking action to promote economic growth and job creation in the region, emphasizing the need for mindset changes, investment in entrepreneurship, and collaboration between different sectors.

Transcript

Bֳ¸rge Brende: Excellencies, ladies and gentleman, as the World Economic Forum special meeting on economic growth and job creation draws to a close, I have the great pleasure and also the daunting challenge on sharing this session where the co-chairs of the meeting will aim to distill from the very rich and complex discussions of the last two days... Read More

Key Insights

• 🌍 There is a sense of urgency to take action and promote economic growth and job creation in the Arab world.
• 💱 Mindset changes, investments, and collaboration between sectors are crucial in driving change and creating a sustainable future.
• ♻️ An enabling environment and support for entrepreneurship, including mentorship and funding, are necessary for economic growth.
• ♻️ Government policies should focus on reducing bureaucracy, promoting transparency, and creating an environment that enables experimentation and innovation.
• 🔒 Collaboration between different stakeholders, including the public and private sectors, as well as civil society, is crucial in driving change and creating a thriving entrepreneurial ecosystem.

Questions & Answers

Q: What are the key action points for reviving economic growth and creating more jobs in the Arab world?

Stakeholders emphasize the need to shift towards action rather than just talking, invest in entrepreneurship ecosystems, experiment with different strategies, and leverage the wealth of gulf countries for investment in people and creativity in the Levant region.

Q: How important are investments and mindset changes in promoting economic growth?

Investments should come with intellectual and human capital to create a comprehensive ecosystem for entrepreneurship. In addition, mindset changes are crucial for accepting failure, reducing the cost of failure, and creating a culture that supports entrepreneurship.

Q: Is it important to establish a free trade zone in the Arab world?

Yes, stakeholders highlight the importance of creating a free trade zone involving GCC, Levant, and Maghreb countries to promote economic growth and trade in the region.

Q: How can governments support entrepreneurship and job creation?

Governments can support entrepreneurship by making it easier to travel and do business across borders, enabling entrepreneurs to fail without facing severe consequences, and reducing bureaucracy and red tape to make it easier to start and operate a company.

Summary & Key Takeaways

• Stakeholders emphasize the urgency of taking action to promote economic growth and job creation in the Arab world.

• Key action points include a shift in mindset towards entrepreneurship, the need for investments with intellectual and human capital, the establishment of a free trade zone, and the creation of an enabling environment for innovation and failure.

• Collaboration between the public and private sectors, as well as civil society, is crucial in driving change and creating a sustainable future.