GRM 2010 GRM 2011

Abstract Details

 
AUTHOR NAME
 
Family Name:
AL Mohannadi
 
First Name:
Fatima
 
ABSTRACT OF PAPER
 
Title of Paper:
Transition from Carbon based to Knowledge based Economy in the Gulf Cooperation Council (GCC): Case of Qatar
 
Paper Proposal Text :
The paper assesses the human development challenges that Gulf Cooperation Council (GCC) countries face as they embark on the process of transitioning their carbon to knowledge based economies (KBE).
Having established a vision that could make Qatar a knowledge based economy (KBE) by 2030, the country has been investing heavily in infrastructure development that seeks two major results: firstly to revitalize the growth in the non-oil and gas economy, and secondly to align the economic engine with the principles sustainable economic growth that is based on human development. To show case the developmental path Qatar’s vision has been boosted by the successful bid to host FIFA World Cup 2022; which in turn has reinvigorated infrastructure development. Qatar has been strong for the foreseeable future (Funds Europe Limited, 2011). For instance, in 2010 Qatar was the world’s fastest growing economy, expanding at a rate of 19.4%, with a gross domestic product (GDP) per capita just under $80,000. Much of this growth, however, is due to the strength of its hydrocarbon industry. Qatar has the world’s largest per capita production and proven reserves of both oil and natural gas. However, Qatar hydrocarbon reserves will not last forever, hence the drive by the Qatari government to place an emphasis on the diversification of the economy from a hydrocarbon centric to a knowledge based one. As the country strives to implement the 2030 vision, human development has been lagging mainly due to the high levels of disinterest by local Qataris to develop the vision.

This paper, therefore, uses both desk top research and a pilot survey to explore the challenges and threats that Qatar faces during the transition process to a knowledge-based economy through human capital development.
 
 
 

WITH THE GENEROUS SUPPORT OF