The Arab World Competitiveness Report 2013 is a World Economic Forum - EBRD collaboration which analyses and benchmarks countries' competitiveness in the Arab world. Read the full news release for more information.
The report highlights that a strong and vibrant private sector is key to address the unemployment challenge as only private business can create a sufficient number of jobs to absorb the countries’ growing young workforce. Furthermore, improving education, boosting skills and addressing bottlenecks in labour markets are identified as a win-win in terms of creating jobs and increasing competitiveness.
Given the diversity of the region, improving competitiveness will require different responses depending on the subregion and the country. North African economies will require improvements to the institutional framework and to labour-market efficiency. For Levantine economies, infrastructure and institutions remain key challenges and most of the Gulf countries should continue to focus on education and innovation.
This joint Report attempts to contribute to understanding the key factors determining future prosperity and economic growth in the Arab world. It offers policy-makers and business leaders an important tool in improving economic policies and implementing institutional reforms. The findings of this Report will provide a key basis for discussions at the World Economic Forum on the Middle East and North Africa to be held in Jordan on 24-26 May 2013.