Strategies for industrial and technological development of Middle Eastern countries

Abstract

Manufacturing sectors in Middle Eastern countries are facing many challenges when competing in local and world markets. These challenges include global and regional trade agreements, the creation of economic superpowers around the globe (North America, Europe, and East Asia) and higher standards to meet international quality requirements. Therefore, many countries in the region will have to rely on industrial and technological development in order ensure sustained economic development and face the above mentioned challenges. This paper discusses the important role of the Technology Triangle (partnership and cooperation between government, private sector, and education sector) in such a development. Issues that insure the effectiveness of the Technology Triangle are considered such as operational factors, financial responsibility, and implementation and monitoring. The paper also lists possible obstacles that can hinder industrial and technological development of Middle Eastern Countries. Finally, the paper will highlight the industrial and technological development of Lebanon after 15 years of civil strife. It reviews the impact of the reconstruction process on the development of a strong industry and Science and Technology institutions. Strategies are proposed for improvements.