BCG (Montreal): The UAE’s competitiveness strategy: The use of international benchmarks to guide policy

TITLE The UAE's competitiveness strategy: The use of international benchmarks to guide policy. ABSTRACT  In less than two generations, the UAE transformed itself from an unknown, sparsely-populated desert nation into a globally competitive country that is home to the Arab world's first global city (Dubai). The nation is now a tourism hot spot that is home to several global brands, including Emirates Airlines. The nation is also favourably known for its foresight in developing a large SWF that has been used to spur research and innovation in the country (e.g. Mubadala). The UAE was, on paper, one of the least likely place in the Arab world to become its leading nation. Although hydrocarbon wealth initially catapulted the nation, today it accounts for less than a quarter of its GDP, and just 2 percent of output in Dubai. Underpinning the Emirate's meterioric rise is strategic policy planning by the government through the use of third-party international benchmarks to incentivise both public and private sector stakeholders. Competitiveness KPIs have enabled a high degree of transparency within the UAE, a quality missing from much of the region. Most notably, the nation's strategic development goals (Vision 2021) target outcomes in international competitiveness reports. BIO…

Concordia: Dubai’s competitiveness through international benchmarks

Dubai's competitiveness through international benchmarks (10 Aug 2016) In less than 2 generations, Dubai transformed itself from an unknown, sparsely-populated desert outpost into a global city and tourism hot spot that is home to several global brands, including Emirates Airlines. Dubai was, on paper, the least likely place in the Arab world to become its premier city. Most remarkable about its ascension is that hydrocarbons have played only a secondary role in its development. Today, oil accounts for just 2 percent of its GDP. Underpinning the emirate's meteoric rise is strategic policy planning by the government through the use of third-party international benchmarks to incentivise both public and private sector stakeholders. Competitiveness KPIs have enabled a level of transparency within Dubai, a quality missing from much of the region. What future lies ahead for the emirate as an era of low oil prices depresses the MENA region and as it aspires to transform into a knowledge economy?

Global Finance Magazine July 2016: “Gulf nations must develop soft infrastructure”

Gulf Nations Must Develop Soft Infrastructure Sparkling office towers won’t draw business without the right policies. JULY 22, 2016 Author: MARK TOWNSEND Governments of the six-member Gulf Cooperation Council (GCC) are reacting to the collapse in oil prices in varying degrees, but none can return to the status quo ante of handouts and expensive state-backed subsidies. For years the GCC has lavished billions of dollars on projects, many of which turned out to be white elephants. Perhaps the most vivid example is the 59 mostly empty towers of King Abdullah Financial District in the Saudi Arabian capital, Riyadh. Reportedly costing $7.8 billion, with floor space of more than 3 million square meters, the project is bereft of the investment bankers it sought to attract. For many, the project symbolizes the latent disconnect between the Gulf’s tendency to spend billions on grandiose infrastructure yet overlook the equally important “soft” infrastructure of regulation, governance and human capital. There are, however, exceptions. The Dubai International Financial Centre, which Riyadh was trying to emulate, has managed to set itself apart from other regional competitors and is noted for the quality of its regulation and transparency embedded in a tax-free zone. Although GCC countries have begun…

MES: Immigrating into the workforce

The 15th Munich Economic Summit (Jun 30-Jul 1, 2016) addressed the migrant crisis under the theme of "Migration: opportunity or challenge?" The topic of one of the summit's breakout sessions was "immigrating into the workforce", an assessment of the challenges that Germany (and Europe) will face in absorbing the migrants into the labour market. I shared a personal essay on my own migrant experience in Germany to help initiate the discussion: "Immigrating into the workforce." It will be a difficult challenge for Germany and Europe to integrate the recent wave of migrants given the huge gulf (social, cultural, cognitive, etc.) between them and modern, secular Europe. History has also shown that the migrants groups currently entering Europe have a checkered history of integration. The discussion note can be found here.

Power Language Index

Power Language Index There are over 6,000 languages spoken in the world today, but some 2,000 of them count fewer than a thousand speakers. Moreover, just 15 of them account for half of the languages spoken in the world. Which are the world's most influential languages? The Power Language Index is a measure of a language's efficacy by measuring its influence in 5 domains ("opportunities"): (1) geography, (2) economy, (3) communication, (4) knowledge & media, and (5) diplomacy. Within each of these opportunities is a set of indicators, totalling 20 in entirety for the index. The index is a cardinal measure with a range [0,1]. Below are the ten most powerful languages: English (0.889) Mandarin Chinese (0.411) French (0.337) Spanish (0.329) Arabic (0.273) Russian (0.244) German (0.191) Japanese (0.133) Portuguese (0.119) Hindi (0.117) English is by far the most powerful language, and is over twice as strong as its closest rival (Mandarin Chinese) and eight times as effective as the tenth most dominant language (Hindi).There are many interesting consequences and insights from the index. For example, in spite of being the second largest contributor to both the IMF and UN budgets, Japanese are highly under-represented in senior positions in either institution, and Japanese…

INSEAD: Power Language Index

IIPI Policy Breakfast Series - May 2016 *The Policy Breakfasts are a series of early morning seminars that focuses on current policy issues through the lenses of academics and practitioners in industry and government. The series is aimed at professionals concerned with government policy. The Power Language Index - The Most Influential Languages in the Word Speaker: Dr. Kai Chan, Distinguished Fellow at INSEAD Innovation & Policy Initiative (IIPI). Dr. Chan is also an advisor to the UAE federal government on national competitiveness and statistics. Wednesday, 25 May 2016 INSEAD Middle East Campus in Abu Dhabi, 08.30-10.30am The Power Language Index - The Most Influential Languages in the World A rigorous assessment of the efficacy of language in geography (travel), economy, communication and diplomacy. (Does language predict the outcome of the global elite?) There are over 6,000 languages spoken in the world today, but some 2,000 of them count fewer than a thousand speakers. Moreover, just 15 of them account for half of the languages spoken in the world. Which are the world's most influential languages? The Power Language Index is a measure of a language's efficacy by measuring its influence in 5 domains ("opportunities"): (1) geography, (2) economy, (3) communication,…

3rd Annual Smart Data Summit puts the spotlight on big data-driven innovation

In a bid to stay competitive, companies across industries are generating a significant amount of data and utilizing different tools and techniques to gain useful insights. Against this backdrop, the Smart Data Summit that commenced today explored how organizations can harness the power of big data and analytics to derive maximum business value. Supported by Federal Competitiveness Statistics Authority (FCSA) and organized by global conference producers, Expotrade, the summit attracted over 300 senior IT, marketing and business intelligence specialists. The summit was opened by Dr Kai L. Chan, Special Adviser - National Competitiveness, Federal Competitiveness and Statistics Authority (FCSA). He delivered the keynote session on the topic using robust data and modelling to win Expo 2020. He emphasized upon the importance of data-driven analysis (DDA for policy and planning). Yousuf Mohammed Al Shaiba, Director - Smart Services Development Dept., Ajman Municipality & Planning Department took the discussion further during his session on creating a Smart Government, emphasizing on the smart services offered by Ajman Municipality. The summit saw over 20 prominent experts and sector specialists including Mohammad Shokoohi-Yekta, Data Scientist, Apple; Sayan Dasgupta, Senior Data Scientist, LinkedIn; Usama Qasem, Regional Digital & Content Marketing Manager, IKEA and Michael Sultan, Senior…

Data science: how is it good for government?

By Tala El Issa via Wamda.com (15 May, 2016) All those zeros and ones - how can you make the most of them? (Image via Digitalgov.gov) “Understanding and innovating with data has the potential to change the way we do almost anything for the better,” said Barack Obama at the start of 2015. That’s why, he explained his administration established data.gov, a portal with almost 200,000 data sets open for the public. In 2015, DJ Patil became the first US data chief scientist. Patil believes data science can improve transparency, create efficiency and provide security. His team is using the data to extract insights for the health and social justice sectors. In a similar vein, Arab countries, including Qatar, Saudi Arabia, and most importantly UAE, are starting to endorse data policies into governance in the hope of creating knowledge-based societies. In fact, the UAE has developed an ‘open data portal’ that covers sectors including health, agriculture, and education. Kai Chan shares his advice on how government can utilize data. (Image via Kailchan.ca) Kai Chan is an economist and distinguished fellow at Abu Dhabi’s INSEAD, an innovation and policy initiative. He advises the UAE government on national competitiveness, especially in relation to…

Managing in today’s economy

At Institute of Management Technology Dubai, a panel of experts discussed management strategies for today's economy BY JEANETTE TEH | COMMENT | PUBLISHED: 28TH MARCH 2016 AT 12:53 Navigating the current times of uncertainty with low oil prices, a slowdown in economic growth, and geopolitical crises can provide challenges for management. At Institute of Management Technology Dubai last Tuesday, a panel of experts discussed management strategies for today’s economy. Global slowdown and its impact on corporate strategy The average growth rate in 2016 for the world is less than 3 per cent, with all countries growing at a slower pace than the previous year, including China whose slowdown will have effects reverberating across the globe. DP World director of global operations Patrick Bol described the current state of affairs as one wrought with ambiguity and uncertainty where markets act in a way that cannot be easily understood with data, and complexity is characterised by a new way of thinking that presents both challenges and opportunities. Within this global economic framework, IMT Dubai director Dr Rakesh Singh advised corporations to address strategic issues on three different levels: Managing macro-economic fundamentals into corporate strategy. It was also advocated during the panel discussion…

Need to look deeper into UAE’s global rankings

Decline in some key indexes fails to account for marked progress made elsewhere By Dr. Sami Mahroum and Dr. Kai L. Chan, Special to Gulf News [caption id="" align="aligncenter" width="460"] Image Credit: Jose L. Barros/©Gulf News[/caption] Published: 07:24 March 23, 2016 With 2015 left behind and the new year ahead, it is a good time to pause and take stock of the UAE’s competitiveness as the country edges closer to 2021, and as the KPIs (key performance indicators) of the National Agenda loom closer. The UAE has set many of its development goals based on measures of competitiveness, as reported by third-party international organisations. These include the Global Competitiveness Report (GCR), Global Innovation Index (GII), Human Development Report (HDR), and the World Happiness Report (WHR). The big headline in 2015 was the oil shock: Crude price fell by half. Although the UAE economy is well diversified (oil counts for less than a third of gross domestic product, or GDP), a steep drop in the price of the country’s primary export has not gone unnoticed. Government coffers continue to rely heavily on oil revenues and, subsequently, public investments in large infrastructure projects slow down. The UAE is also impacted by low…