The Forum’s
Special Meeting on Economic Growth and Job Creation in the Arab World ended
today with a call for action and radical change in the region’s mindset.
Leaders called for increased readiness to take risks and less concern
about the chances of failure.
Arab youth possesses the power and potential to change its fate, as
well as an entrepreneurial spirit.
Tackling crippling unemployment will require a change in mindset: many
youths still believe the public sector is the best route to employment.
Educational reform is key: from teaching young people problem-solving
and entrepreneurship to mentoring, training and apprenticeships.
Governments must support small businesses and cut red tape, while the
private sector must offer apprenticeships and invest in organizations that
train young people.
H.M. King Abdullah II Ibn Al Hussein: dignity, opportunity, democracy, and peace and justice are gateways to Arab
prosperity; predicts early legislative elections overseen by independent
election commission for Jordan
The King sees a level playing field, transparency, accountability and
the rule of law as crucial to regional economic growth.
World Economic Forum Founder and Executive Chairman Klaus Schwab proposes five new models to deal with global changes: global
power shifts, increasing cultural and religious diversity, the social impact of
globalization, job creation and streamlining government
Scenario report
sketches out challenging futures for the Mediterranean region, based on
long-term uncertainties related to the development of regional politics,
regional resource management and the regional labour market.
Complementarities
across the region to address these long-term challenges have so far been underexplored. Regional cooperation
could hold large gains for the region’s competitiveness.
His Majesty King Abdullah II Ibn Al
Hussein of the Hashemite Kingdom of
Jordan to open the World Economic Forum
Special Meeting on Economic Growth and Job Creation in the Arab World at the
Dead Sea, Jordan, on 21 October 2011
Over 1,000 participants from more than 50 countries will participate,
including eight heads of state and government