TY  - JOUR
AB  - Purpose– The purpose of this paper is to examine the challenges and opportunities for the transition to a knowledge-based economy in the Arab region. Design/methodology/approach– Both descriptive and comparative approaches are used, together with the framework and definition of “knowledge-based economy” often used in the international literature to examine the challenges and opportunities for a transition to a knowledge-based economy in the Arab region. Findings– The findings support the hypothesis concerning the challenges and opportunities for transition to a knowledge-based economy in the Arab region. This transition is seriously impeded by several political, social, economic, institutional and organisational obstacles and impediments. Overcoming the major challenges hindering the transition to knowledge-based economies will involve changing the economic structure by shifting from (rent-seeking) natural resources-based (oil) economies to knowledge-based economies in the Arab region. Originality/value– This paper is valuable because it fills the gap in the Arab literature by presenting a more comprehensive analysis and investigating the challenges and opportunities for the transition, which previous literature has failed to adequately discuss. Moreover, the paper supports the efforts aimed at enhancing knowledge-based economies in the Arab region. The findings imply that it is essential for the Arab region to overcome challenges by implementing sound strategies for their transition to knowledge economies and improving and enhancing appropriate investments in human capital, effective institutions, relevant technologies and innovative and competitive enterprises to facilitate such a transition.
VL  - 11
IS  - 4
SN  - 2042-5945
DO  - 10.1108/WJSTSD-07-2014-0017
UR  - https://doi.org/10.1108/WJSTSD-07-2014-0017
AU  - Satti Osman Mohamed Nour Samia
PY  - 2014
Y1  - 2014/01/01
TI  - Prospects for transition to a knowledge-based economy in the Arab region
T2  - World Journal of Science, Technology and Sustainable Development
PB  - Emerald Group Publishing Limited
SP  - 256
EP  - 270
Y2  - 2024/04/25
ER  -