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The Economic Future of the Middle East

The Economic Future of the Middle East

Prospects for economic growth in the Middle East are challenged by a vast and growing population of unemployed youth. A few numbers help tell the story. Young people between the ages of 15 and 24 account for 40 percent of the population in a region that has the world's highest youth unemployment rate. Historically, young people depended on the government to provide public-sector jobs, but that path has been disrupted by conflict and declining oil revenue. The need for a private-sector alternative is clear, but serious obstacles loom. Too many young people are ill-prepared for the business world and investors are deterred by corruption and instability. Change will require state-based economies, many dependent on oil exports, to embrace private enterprise. But can entrepreneurship thrive in this part of the world? Can schools be changed to emphasize business and technical skills? And are leaders strong enough to enact the necessary reforms? This panel will discuss the challenges and consider ways to foster economic growth.

Moderator: Christopher Schroeder
Speakers: Wael Amin, Hala Fadel, Elizabeth Richard, Samer Salty