Monday, September 21, 2009

World Economic Forum - Regions

World Economic Forum - Regions: "Choosing the Middle East Technology Leap

• Peter C. Brun •Chey Jae-Won • Williem Elfrink • Karim Kawar
• Mohammad H. Omran • Ahmed Elmagarmid • Naguib O. Sawiris
Introduced by • Soumitra Dutta

Saturday 16 May
15.00-16.20

The session addressed challenges and potential areas where the Middle East could best achieve a competitive advantage. Improving education and human capital was highlighted as a top priority, especially fostering creative and critical thinking and a culture of experimentation and discovery. A bold approach to innovation is needed and to thinking strategically in terms of potential areas of competitive advantage.

Soumitra Dutta, Dean, External Relations, and Roland Berger Chaired Professor in Business and Technology, INSEAD, France, noted the critical role of innovation in regional growth and development: “In the midst of all this talk of a crisis, the role of innovation becomes all the more important. We cannot cut costs to come out of this crisis. We must innovate to come out of the crisis.” He also mentioned that innovation has to occur within a local context and meeting local needs. “It is not just about creating the best and the leading-edge technology, but the smart and appropriate application of"

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