Arab Economic Review Issue 62

  • 1 April - 30 June 2024

The Sixty-Second Edition of the Arab Economic Bulletin includes four pivotal studies in Arabic and one study in English.

It addresses issues that are central to Arab development in light of the historical transformations that the Arab region is going through and the challenges it faces on the way to reform and enhancing economic efficiency. This allows the Arab economy to join the ranks of developing countries that have created an influential position for themselves in the global economy.

The first study was entitled: “Rebuilding Hope Strategies and Challenges of Reconstruction after Destruction,” as in light of the current challenges facing the Arab region, including armed conflicts, economic crises, and natural disasters, the importance of reconstruction emerges as an urgent priority to restore stability and stimulate sustainable development. This study gains its importance from the need to analyze reconstruction strategies in the post-crisis phase while identifying the stages and techniques used in conflict areas to achieve effective and sustainable reconstruction, which rebuilds what has been destroyed and enhances societies’ abilities to withstand and grow.

By presenting effective strategies to stimulate reconstruction, this study seeks to draw a road map through which obstacles can be overcome and opportunities can be taken advantage of to ensure a comprehensive economic and social renaissance. The role of reconstruction is not only limited to repairing the physical infrastructure, but also includes rehabilitating the social fabric and promoting good governance and transparency. The private sector is a crucial element in the reconstruction process, as it can play a major role in accelerating the pace of reconstruction and ensuring its sustainability.

This study comes to contribute to bridging the knowledge gap about reconstruction in the Arab region, providing valuable insights to policymakers, investors, and international institutions, as they seek to rebuild the affected areas and stimulate economic and social growth in the post-crisis phase.

As for the second study, it was titled: The Role of the Arab Private Sector in Improving Waste Management...Towards Circular Arab Economies by Addressing Waste and Emissions. This study deals with the rapid economic development that the Arab world has witnessed in recent decades, which has led to improved living standards. However, this progress has been accompanied by an increasing waste management challenge, where overburdened landfills, rampant plastic pollution, and inadequate recycling infrastructure pose significant environmental and public health risks, threatening the sustainability of the region's growth trajectory. In this context, the study sheds light on the urgent opportunity the transition to a circular economy provides to reconcile economic aspirations with environmental imperatives. By prioritizing resource efficiency, minimizing waste generation, and maximizing material recovery, circularity provides a path to decoupling economic growth from environmental degradation.

The third study addresses: “Obstacles to intra-Arab trade in light of digital transformation, sustainable development, and global developments - the private sector’s vision,” as the Arab world today is witnessing tremendous transformations at various levels, starting with the rapid technological developments that led to a comprehensive digital revolution, through increasing interest in Sustainable development issues, all the way to the rapid geopolitical changes on the global scene. In light of these transformations, enhancing intra-Arab trade is an urgent necessity to achieve sustainable economic development in the Arab region.

The study shows that intra-Arab trade faces major challenges, but they are not insurmountable. Through cooperation and unified efforts, we can overcome these obstacles and build a bright future for intra-Arab trade, which contributes to achieving sustainable development and economic prosperity for the peoples of the region. In this regard, the study shows that the Arab private sector plays a vital role in this context, as it must be a strategic partner in designing and implementing solutions.

As for the fourth study, its title is: “The Future of Human Resources in Light of the Technological Revolution,” which was presented by the Director General of the Arab Labor Organization at the Arab Labor Conference - Baghdad 2024. The subject of the study (the Director General’s report) presented to the fiftieth session of the Arab Labor Conference revolves around “The Future of Human Resources in... Under the Technological Revolution”. It is one of the most important and strategic challenges presented to our countries at present, which is closely linked to the rest of the development and economic challenges, the most important of which is reviewing the path of development towards economic diversification. This is done by developing several value-added sectors, which promise additional job opportunities that allow for the development and promotion of decent work, using what the techniques of the technological revolution provide.

This goal undoubtedly faces a number of challenges related to the level of qualification of human resources, due to the size of the gaps that many Arab countries continue to suffer from, which are mainly linked to a number of human development indicators related to poverty, health, education, social protection, gender equality, and decent work conditions.

The previous set of data does not negate the efforts made by Arab countries to improve human development indicators, but they remain absolutely insufficient at the regional level. This prompts us to reaffirm the importance of redoubling investment efforts in building human capital to fill the existing gaps, allowing our human resources to be qualified and empowered with the necessary skills to respond to the requirements of today’s and future professions and jobs.

The fifth study was in English under the title: Navigating the Silk Road: Supply Chains and the Future of Arab-Chinese Relations. This comprehensive study delves into the evolving landscape of Arab-Chinese relations along the historic Silk Road, with a strong focus on the pivotal role played by supply chains. By investigating the potential of this dynamic partnership, the analysis reveals the potential for deeper economic cooperation, technological innovation, and sustainable development. By examining the interconnected paths of trade, infrastructure, and digital transformation, this research provides valuable insights into opportunities for growth and mutual prosperity between Arab countries and China in the 21st century.

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