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Qatar - Knowledge Based Economy

Qatar - Knowledge Based Economy

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Published by Vivekanand
Turning Qatar into competitive knowledge based economy
Turning Qatar into competitive knowledge based economy

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Published by: Vivekanand on Jun 20, 2009
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10/18/2011

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 1
Government of QatarPlanning CouncilQatar Knowledge Economy Project
Turning Qatar into a Competitive Knowledge-Based Economy
Knowledge Economy Assessment of QatarMay 21, 2007
 
 2
 
Turning Qatar into a Competitive Knowledge-Based Economy:Opportunities and Challenges
Qatar has experienced a remarkable economic and social development over the last 30years. Qatar’s economic policy has been focused on developing its vast oil and naturalgas reserves with considerable success. However, with many energy projects in hand, theQatari government is seeking to diversify its economy and aiming at directing a growingpart of the public and private investments into non-energy sectors.Qatar is devoted to develop its economy towards a knowledge-based economy enrichingits level of human capital and improving its competitiveness. Knowledge, as it is appliedin innovation and entrepreneurship, research and development, product design andsoftware, and in how people use their education and skills, is now considered to be one of the key sources of sustained growth in the global economy.In this context, the Planning Council of Qatar and the Qatar Foundation have in thiscontext asked the World Bank to help them in carrying out a knowledge economyassessment of Qatar as well as in formulating a knowledge-based economy vision as partof Qatar’s National Vision 2025.Qatar is already implementing a number of knowledge economy measures and projectsbut many of these projects were initiated without an overall coherent long-term visiondeveloped with inputs from key stakeholders. It is intended that Qatar will develop anambitious knowledge economy vision to mobilize enthusiasm and common energiesacross the nation, and bring consistency to existing and new initiatives. This vision willbe concretized by detailed plans promoting economic incentives and governanceframeworks that support a knowledge-based economy and by investments in key pillarsof the knowledge-based economy: education and learning, innovation, and informationtechnologies.The knowledge economy assessment of Qatar is mainly based on background reports onthe pillars of the knowledge economy prepared by the Qatar Planning Council and theQatar Foundation (please see the list of references), as well as on a generic knowledgeeconomy assessment using the Knowledge Assessment Methodology (KAM) indicatorsdeveloped by the World Bank and benchmarking methodologies and indicatorsdeveloped by other international organizations.Separate chapters are devoted to each of the specific knowledge economy pillars. Theysuggest issues and questions for discussion to identify strengths and weaknesses inQatar’s readiness for moving towards a knowledge-based economy. The knowledgeeconomy assessment report of Qatar will be discussed by key policy-makers, strategicplanners and representatives from the private sector and civil society at a workshop on
 
 3“Turning Qatar into a Competitive Knowledge-Based Economy”, January 15-17, 2007 inDoha, Qatar.The report contains seven chapters. Chapter 1 gives a short overview of Qatar’s currenteconomic context. Knowledge economy policy agendas cannot be disconnected from theoverall macroeconomic and political conditions and reforms. Chapter 2 gives a brief overview of Qatar’s overall knowledge economy readiness using the KAM indicators.Chapters 3 to 6 include an assessment of the four interlinked knowledge economy pillarsthat are essential for helping Qatar to make effective use of knowledge for itsdevelopment:
 
 An appropriate economic incentive and institutional regime
that encourages thewidespread and efficient use of local and global knowledge in the economy, thatfosters entrepreneurship, and that permits and supports related socialtransformations;
 
 A society of skilled, flexible and creative people
, with opportunities for qualityeducation, jobs and life-long learning available to all;
 
 A dynamic information and telecommunication infrastructure
, that providesefficient services and tools available to all sectors of society; and
 
 An efficient innovation system
comprising firms, science and research centers,universities, and other organizations that can tap into and contribute to globalknowledge, adapt it to local needs, and use it to create new products and services.At this stage, no policy recommendations will be put forward on how to improve Qatar’sreadiness for the knowledge economy. The discussion of recommendations will takeplace at the workshop in Qatar on January 15-17, 2007. Chapter 3-6 do, however,propose issues and questions that could guide the discussions on how to turn Qatar into acompetitive knowledge-based economyChapter 7 concludes with the overall prospects of turning Qatar into a competitiveknowledge-based economy.

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