Premier Global Conference on Economic Diversification Hosted by MBRSG
Dubai to Host Inaugural Global Conference on Economic Diversification in 2024
Dubai, United Arab Emirates – The Mohammed Bin Rashid School of Government (MBRSG) is set to host the inaugural Global Conference on Economic Diversification on October 31 and November 1, 2024. This event promises to be a significant platform for exploring dynamic policy frameworks and innovative strategies aimed at enhancing economic diversification, an essential goal for many economies worldwide, particularly those in the Gulf region.
As global markets continue to evolve and the demands for a resilient economic structure intensify, the agenda of the conference is pivotal. It will gather a distinguished assembly of policy makers, economists, and thought leaders from various global institutions such as the United Nations, World Bank, International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). The aim is to drive actionable insights while reflecting theoretical perspectives on the challenges and opportunities associated with economic diversification.
Among the highlighted speakers at the conference will be Her Excellency Alia Al Mazrouei, the UAE Minister of State for Entrepreneurship. Her participation underscores the importance of entrepreneurship and innovation in shaping the future of the UAE’s economy. The MBRSG, positioned in the heart of the Dubai World Trade Center, serves as an emblem of the UAE’s commitment to advancing knowledge and facilitating governance excellence.
The conference’s structure includes high-level discussions informed by the Economic Diversification Index (EDI), an authoritative report that debuted at the World Government Summit. This index serves as a tool for understanding and measuring how well countries are diversifying their economic activities beyond traditional sectors, particularly oil and gas. The insights derived from EDI findings are expected to guide the discourse during the sessions, which will encompass a variety of topics relevant to economic transformation.
A Comprehensive Agenda Focused on Future Growth
Among the themes anticipated at the Global Conference are:
1. Economic Complexity and Diversification: Delving into how intricate economic systems can lead to robust diversification efforts.
2. Challenges in Gulf Economies: A discussion on the unique economic hurdles faced by Gulf nations and approaches to overcome them.
3. Green Financing for Economic Growth: Exploring how environmental considerations can be integrated into economic models to promote sustainable growth.
4. Global Perspectives on Diversification: Gathering insights from various regions to highlight best practices and successful strategies in economic diversification.
5. Advancing Metrics for Economic Diversification: Reviewing current metrics and proposing advancements to better evaluate the progress of diversification endeavors.
Dr. Ali bin Sebaa Al Marri, Executive President of MBRSG, articulated the conference’s relevance to the UAE’s strategic framework, emphasizing, “Economic diversification has been central to the UAE’s strategic vision, positioning the nation as a regional and global leader in various sectors. This conference aligns with our mission to empower future leaders and equip them with the knowledge to navigate emerging challenges. It will foster a unique environment where international experts can exchange groundbreaking ideas and craft a roadmap for sustainable diversification.”
The two-day event is not only a forum for discussion, but it also aims to lay the groundwork for subsequent annual conferences, designed to keep economic diversification at the forefront of global dialogue. By creating a continuous series of platforms for exchange and learning, MBRSG sets the stage for ongoing collaboration and innovation among nations seeking to enhance their economic resilience.
As the global economy grapples with various uncertainties—from geopolitical conflicts to climatic crises—the need for diversification becomes increasingly apparent, especially for economies that have traditionally relied on a handful of sectors. The engagement of thought leaders and policymakers at this conference could catalyze a shift towards more diversified and sustainable economic systems.
Overall, the Global Conference on Economic Diversification 2024 stands as a critical initiative within the broader agenda of promoting sustainable economic practices and resilience in the face of global challenges.
Tags: #BusinessNews, #EconomyNews, #UAE, #GlobalConference, #EconomicDiversification
