Aydah Almasri
جو 24 :
As highlighted by the World Bank in a recent discussion on economic growth, the aspiration to "get rich” is not just a matter of national pride—it is a vital necessity. Economic growth brings the promise of higher living standards, reduced poverty, and a more sustainable future. However, for nations in the Middle East, the journey toward prosperity is hindered by more than just economic barriers. Deep-rooted conflicts, political instability, and a legacy of colonialism have left the region in a state of perpetual struggle (Gill, 2024)*.
China's approach to economic growth has been nothing short of revolutionary. The country embarked on its journey by first attracting massive amounts of investment, particularly in its manufacturing sector. This investment was the engine that powered China’s initial economic boom. However, unlike many Middle Eastern countries that remain stuck in this phase, China recognized the limitations of relying solely on investment. It understood that to climb the income ladder, it needed to infuse its economy with advanced technologies and business practices.
In contrast, many Middle Eastern countries, including Jordan, have struggled to move beyond the initial phase of investment attraction. We have yet to fully harness the power of technology infusion or cultivate a culture of innovation. Our economies remain heavily reliant on traditional industries and are often hampered by political instability and social unrest. The success of China’s model lies in its ability to adapt and evolve, something that our region must learn to do if we hope to achieve similar success.
The Israeli-Palestinian conflict has roots that run deep, and its impacts extend far beyond the immediate violence. The constant state of insecurity has created an environment where investment is risky, innovation is stifled, and the focus is often on survival rather than growth. The world watches as Gaza burns, but the flames of war are not confined to that small strip of land; They ignite tensions and instability throughout the Middle East, affecting countries like Jordan that are trying to build a future amid the chaos.
To achieve this, it is imperative that we elevate the capacities related to conflict management for all stakeholders and actors. Governments, civil society, businesses, and international organizations must all be equipped with the tools and knowledge necessary to navigate and resolve conflicts. Effective conflict management is not an optional skill; It is a critical component of sustainable development and economic growth.
Moreover, we must seize the opportunities presented by the global shift toward green energy. Jordan, with its abundant sunlight, is ideally positioned to become a leader in solar energy production. By investing in renewable energy, we can not only reduce our dependence on fossil fuels but also create new industries that will drive economic growth. However, this potential can only be realized in a stable and peaceful environment.
* Gill, Indermit. "What China and India must do to join the rich club." World Bank Blogs, August 12, 2024. blogs.worldbank.org/en/voices/what-china-and-india-must-do-to-join-the-rich-club.
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وختاما نتمنى ان نكون قد قدمنا لكم من موقع Pressbee تفاصيل ومعلومات، Bridging the Chasm: How the Middle East Can Navigate Conflict and Join the Global Economic Elite.
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