ID :
64697
Mon, 06/08/2009 - 13:34
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https://oananews.org//node/64697
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UAE tops Arab competitive rankings
A new report entitled Responsible Competitiveness in the Arab World 2009, the results of which were released exclusively to Emirates Business, shows the UAE topping the Arab Responsible Competitiveness Index.
The report, put together by Accountability, a non-profit global think-tank, contains analysis of Arab issues and opportunities and is published every two years. This time it has expanded its coverage to 15 Arab countries.
It looks at responsible leadership within the business sector, at what policy-makers within government are doing to create a climate that helps businesses be responsible and also looks at what society is doing to put pressure on government and business to be responsible.
The report says its key finding is that responsible competitiveness in the Arab World shows a strong positive correlation with all the main measures of national competitiveness, such as the World Economic Forum's Growth Competitiveness Index and the World Bank/ International Finance Corporation's Ease of Doing Business index.
The findings also indicate that, in general, globally and for the region, specifically, countries with a responsible business climate also tend to have a competitive advantage.
The report singles out seven key responsible competitiveness drivers in the Arab World. These are responsible business climate, environmental policy, labour policy, governance, product and service innovation, talent and engaged stakeholders.
According to Accountability, in terms of policy drivers, the UAE, Saudi Arabia and Bahrain are taking a lead in reforming policies and enforcing regulation. Kuwait, Lebanon and Egypt are examples of countries engaging with international standards and promoting good corporate governance.
Qatar, Morocco and Jordan, according to the researchers, are enhancing their work-readiness skills, social infrastructure, providing microfinance and engaging the media. –
The report, put together by Accountability, a non-profit global think-tank, contains analysis of Arab issues and opportunities and is published every two years. This time it has expanded its coverage to 15 Arab countries.
It looks at responsible leadership within the business sector, at what policy-makers within government are doing to create a climate that helps businesses be responsible and also looks at what society is doing to put pressure on government and business to be responsible.
The report says its key finding is that responsible competitiveness in the Arab World shows a strong positive correlation with all the main measures of national competitiveness, such as the World Economic Forum's Growth Competitiveness Index and the World Bank/ International Finance Corporation's Ease of Doing Business index.
The findings also indicate that, in general, globally and for the region, specifically, countries with a responsible business climate also tend to have a competitive advantage.
The report singles out seven key responsible competitiveness drivers in the Arab World. These are responsible business climate, environmental policy, labour policy, governance, product and service innovation, talent and engaged stakeholders.
According to Accountability, in terms of policy drivers, the UAE, Saudi Arabia and Bahrain are taking a lead in reforming policies and enforcing regulation. Kuwait, Lebanon and Egypt are examples of countries engaging with international standards and promoting good corporate governance.
Qatar, Morocco and Jordan, according to the researchers, are enhancing their work-readiness skills, social infrastructure, providing microfinance and engaging the media. –
