Kuwait’s readiness for the knowledge-based economy: an exploratory study

Alajmi, Bibi M. (2023) Kuwait’s readiness for the knowledge-based economy: an exploratory study. LSE Middle East Centre Kuwait Programme Paper Series (22). LSE Middle East Centre, London, UK.

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Abstract

The small city-state of Kuwait has undergone marked change over the last century. However, despite the significant transformations within its political economy, Kuwait’s socioeconomic needs require attention. This is essential, considering Kuwait’s current attempt to transform into a knowledge-based economy (KBE), a central component of Kuwait’s Vision 2035 and at the top of the country’s policy agenda. Kuwait’s attempt to diversify its resources requires significant reform in KBE’s four main pillars: effective investment in education, constructing robust and innovative tertiary sector capabilities, modernising the information technology infrastructure, and having an economic environment that is conducive to maximum development. And while Kuwait increasingly invests in ICT infrastructure and a welcoming economic environment, education and innovation seem to lag. This research aims to address the increased demand for academically based explorations of Kuwait’s attempts to transfer to a knowledge-based economy and present a comprehensive analysis of Kuwait’s Vision 2035, with emphasis on how the country aims to develop its education and innovation pillars to aid diversification efforts. By involving the relevant participants (e.g., government ministries and higher education institutions), this research seeks to inform policy debates by proposing actionable policies targeting education and innovation and, thus, defines concrete steps to strengthen the KBE in Kuwait.

Item Type:	Monograph (Working Paper)
Official URL:	https://www.lse.ac.uk/middle-east-centre/publicati...
Additional Information:	© 2023 The Author(s)
Divisions:	Middle East Centre
Subjects:	H Social Sciences > HB Economic Theory J Political Science > JQ Political institutions Asia
Date Deposited:	02 Nov 2023 12:03
Last Modified:	23 Feb 2024 15:48
URI:	http://eprints.lse.ac.uk/id/eprint/120624

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