Technological readiness in the United Arab Emirates towards global competitiveness

Abstract

Purpose

This paper aims to assess and evaluate the United Arab Emirates’ performance in terms of global competitiveness and technological readiness. This paper aims to critically examine the impact of Information and Communication Technologies (ICTs) and education on improving the technological readiness in UAE.

Design/methodology/approach

A situational analysis and a comparative approach were exploited to describe the UAE's position in terms of global competitiveness, highlighting weaknesses, strengths and opportunities. Related discussions were supported by data from several international sources. The country's worldwide performance was particularly matched against that of the other members of the Gulf Cooperation Council (GCC) together with few more Asian transformation economies.

Findings

Apparently, the UAE has made important progress in the Global Competitiveness Index (GCI) in the last six years particularly at the macro‐economic environment and quality of infrastructure levels, notably the ICT sector. Empowering the nation with education and ICTs could increase productivity and competitiveness of UAE worldwide. However, the county is still lagging behind most transformation economies and facing considerable challenges with regards to technological readiness. This hurdle impeded the country's ability to absorb, adapt and create new technology and knowledge. As a result, the country's economy is experiencing a negative trade balance in foreign technology transfer. The comparative and situational analysis methodology adopted in the context concluded several lessons and policy remarks.

Originality/value

Using the most updated data, this exercise stems from the country's need to examine the current status, a necessary step for realization of new prospects and adoption and application of future policies and programs.

Citation

Abdalla Alfaki, I.M. and Ahmed, A. (2013), "Technological readiness in the United Arab Emirates towards global competitiveness", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 9 No. 1, pp. 4-13. https://doi.org/10.1108/20425961311315683