Abstract
The Gulf Cooperation Council (GCC) is a complex and sophisticated union of member states, which are currently undertaking significant programmes of economic reform which will inevitably be both a driver of, and reactor to, social development and change. The GCC member states are in the process of diversifying their economies, seeking to reduce their reliance on oil and gas. The purpose of this economic diversification is to convert wealth from oil to “intangible human capital”, insulate GCC economies against market volatility, and to attract and retain regional foreign direct investment
Knowledge and innovation, income wealth and economic development, and social advancement are closely inter-related and complex policy objectives. Local knowledge creation, transfer, application and utilisationis fundamentally important to productivity, economic prosperity and social development over the long run.
The GCC member states also have expressed a desire to develop knowledge societies and are therefore at an important juncture in terms of their ability to harness knowledge in order to enhance economy and society by improving “learning practices”. In order to do so, they need to crystallize their definition of what a knowledge-society is, ideally at both a local and regional level, and align their vision statements to reflect their objectives and metrics in light of these definitions.
Knowledge and innovation, income wealth and economic development, and social advancement are closely inter-related and complex policy objectives. Local knowledge creation, transfer, application and utilisationis fundamentally important to productivity, economic prosperity and social development over the long run.
The GCC member states also have expressed a desire to develop knowledge societies and are therefore at an important juncture in terms of their ability to harness knowledge in order to enhance economy and society by improving “learning practices”. In order to do so, they need to crystallize their definition of what a knowledge-society is, ideally at both a local and regional level, and align their vision statements to reflect their objectives and metrics in light of these definitions.
| Original language | English |
|---|---|
| Title of host publication | Innovation and Development of Knowledge Societies |
| Subtitle of host publication | Artificial Intelligence and Knowledge-Based Socioeconomic Growth |
| Editors | Nadia Naim, Alhanoof AlDebasi, David Price |
| Place of Publication | London |
| Publisher | Taylor and Francis AS |
| Chapter | 5 |
| Pages | 73-92 |
| Number of pages | 20 |
| Edition | 1 |
| ISBN (Electronic) | 9781040320051, 9781003528517 |
| ISBN (Print) | 9781032859255 |
| DOIs | |
| Publication status | Published - 27 Feb 2025 |