Preview to the INSEAD Leadership Summit Middle East 2012
It was just a year ago when the first harbinger of what we now call the "Arab Spring" was seen in Tunisia. From there, the call for change and a participatory voice echoed throughout the region: Egypt, Syria, Libya, Bahrain... and as far away as Moscow. Calls for leadership change were heeded - and the process did not show every country at its best.
Today, in the wake of all that and with unrest continuing in Syria and legal processes unfolding in Egypt, analysis of these events show the wake-up call has been heard even in the more stable countries of the region. GCC countries had the fresight and vision to embark on a policy of transformation through economic change and by and further developing the region's national labor force. Governments in the region are also looking hard at the global economy and their positions in it now and in the future.
Leaders now realize dependence on commodities is no longer enough to sustain development in the GCC, and efforts to diversify the economy and develop the workforce have increased...This is no longer a long-term plan; the need is now.
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