A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar?
<p dir="ltr">Economic diversification is vital in achieving sustainable economic development, especially for countries relying on nonrenewable natural resources, such as oil and gas, in the case of the Gulf Cooperation Council (GCC) countries. Moreover, the global crisis caused by th...
محفوظ في:
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| منشور في: |
2022
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إضافة وسم
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| _version_ | 1864513564302114816 |
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| author | Tarek Ben Hassen (15742605) |
| author_facet | Tarek Ben Hassen (15742605) |
| author_role | author |
| dc.creator.none.fl_str_mv | Tarek Ben Hassen (15742605) |
| dc.date.none.fl_str_mv | 2022-06-29T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/su14137953 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/A_Transformative_State_in_the_Wake_of_COVID-19_What_Is_Needed_to_Enable_Innovation_Entrepreneurship_and_Education_in_Qatar_/23301452 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Strategy, management and organisational behaviour Economics Applied economics Human society Policy and administration transformative state knowledge-based economy innovation entrepreneurship economic diversification COVID-19 pandemic Qatar Gulf Cooperation Council GCC |
| dc.title.none.fl_str_mv | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">Economic diversification is vital in achieving sustainable economic development, especially for countries relying on nonrenewable natural resources, such as oil and gas, in the case of the Gulf Cooperation Council (GCC) countries. Moreover, the global crisis caused by the COVID-19 pandemic underscored the significance of boosting resilience to adverse shocks. Indeed, the pandemic highlighted the need to promote nonhydrocarbon sectors by strengthening the fundamental pillars of the knowledge-based economy: ICT, innovation, R&D, education, entrepreneurship, and the economic and institutional regime. The COVID-19 pandemic has also shown how important it is to mobilize these pillars in record time. Like the other GCC countries, Qatar is seen as a transformative state, suggesting that, although oil and gas provide its primary export revenue, the government has also pushed to diversify its economy toward a knowledge-based one. Indeed, in 2019, hydrocarbons dominated Qatar’s economy, accounting for 90% of government income and 80% of export profits. However, this reliance exposes Qatar to fluctuations in the global oil and gas markets. Accordingly, economic diversification has come to the top of the government’s priority list. Preceding the COVID-19 pandemic, Qatar was already in the middle of an economic transition. The economic crisis caused by the pandemic and the drop in oil prices prompted the Qatari government to increase its diversification efforts. Qatar has a solid basis for transitioning to a knowledge-based economy based on its macroeconomic stability, suitable growth rates, and good governance. However, Qatar confronts several challenges in implementing the structural changes necessary for this transition. This paper has three objectives. Firstly, it aims to present the pillars of the knowledge-based economy and their link to the COVID-19 pandemic. Secondly, the paper aims to analyze the present state of the knowledge-based economy in Qatar, including its strengths, drawbacks, and its prospect for the future. Finally, the paper presents some structural reform recommendations to enable innovation, entrepreneurship, and education in Qatar.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.3390/su14137953" target="_blank">http://dx.doi.org/10.3390/su14137953</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_f4677f764ba75146eef6470ab2fd1908 |
| identifier_str_mv | 10.3390/su14137953 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/23301452 |
| publishDate | 2022 |
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| rights_invalid_str_mv | CC BY 4.0 |
| spelling | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar?Tarek Ben Hassen (15742605)Commerce, management, tourism and servicesStrategy, management and organisational behaviourEconomicsApplied economicsHuman societyPolicy and administrationtransformative stateknowledge-based economyinnovationentrepreneurshipeconomic diversificationCOVID-19pandemicQatarGulf Cooperation CouncilGCC<p dir="ltr">Economic diversification is vital in achieving sustainable economic development, especially for countries relying on nonrenewable natural resources, such as oil and gas, in the case of the Gulf Cooperation Council (GCC) countries. Moreover, the global crisis caused by the COVID-19 pandemic underscored the significance of boosting resilience to adverse shocks. Indeed, the pandemic highlighted the need to promote nonhydrocarbon sectors by strengthening the fundamental pillars of the knowledge-based economy: ICT, innovation, R&D, education, entrepreneurship, and the economic and institutional regime. The COVID-19 pandemic has also shown how important it is to mobilize these pillars in record time. Like the other GCC countries, Qatar is seen as a transformative state, suggesting that, although oil and gas provide its primary export revenue, the government has also pushed to diversify its economy toward a knowledge-based one. Indeed, in 2019, hydrocarbons dominated Qatar’s economy, accounting for 90% of government income and 80% of export profits. However, this reliance exposes Qatar to fluctuations in the global oil and gas markets. Accordingly, economic diversification has come to the top of the government’s priority list. Preceding the COVID-19 pandemic, Qatar was already in the middle of an economic transition. The economic crisis caused by the pandemic and the drop in oil prices prompted the Qatari government to increase its diversification efforts. Qatar has a solid basis for transitioning to a knowledge-based economy based on its macroeconomic stability, suitable growth rates, and good governance. However, Qatar confronts several challenges in implementing the structural changes necessary for this transition. This paper has three objectives. Firstly, it aims to present the pillars of the knowledge-based economy and their link to the COVID-19 pandemic. Secondly, the paper aims to analyze the present state of the knowledge-based economy in Qatar, including its strengths, drawbacks, and its prospect for the future. Finally, the paper presents some structural reform recommendations to enable innovation, entrepreneurship, and education in Qatar.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.3390/su14137953" target="_blank">http://dx.doi.org/10.3390/su14137953</a></p>2022-06-29T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/su14137953https://figshare.com/articles/journal_contribution/A_Transformative_State_in_the_Wake_of_COVID-19_What_Is_Needed_to_Enable_Innovation_Entrepreneurship_and_Education_in_Qatar_/23301452CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/233014522022-06-29T00:00:00Z |
| spellingShingle | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? Tarek Ben Hassen (15742605) Commerce, management, tourism and services Strategy, management and organisational behaviour Economics Applied economics Human society Policy and administration transformative state knowledge-based economy innovation entrepreneurship economic diversification COVID-19 pandemic Qatar Gulf Cooperation Council GCC |
| status_str | publishedVersion |
| title | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| title_full | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| title_fullStr | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| title_full_unstemmed | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| title_short | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| title_sort | A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar? |
| topic | Commerce, management, tourism and services Strategy, management and organisational behaviour Economics Applied economics Human society Policy and administration transformative state knowledge-based economy innovation entrepreneurship economic diversification COVID-19 pandemic Qatar Gulf Cooperation Council GCC |