U.S.-Arab Economic Forum News
'Open Markets, Open Societies,' Conference on Building Relations With the Arab World and the United States, in Washington D.C.
The focus of the Forum, aimed to bring leaders from the
Distinguished guests, from the international arena included the Secretary General of League of Arab States, H.E. Mr. Amr Moussa, along with the President of the U.S. Export Import Bank Mr.
The issues of cooperation, building tolerance and pluralism, while eliminating actions of xenophobia both in the U.S. and the Arab world have been topics of key discussion so far, during this week's event.
"The theory of the inevitability of a clash of civilizations and its repercussions have created an unprecedented climate of mutual suspicion, feelings of anxiety and a spirit of confrontation ... ," said Mr. Moussa. "On my part I believe that the clash of civilizations does exist, but mainly among the extreme wings in all civilizations, on our side as well as yours."
Eliminating this notion was deeply espoused by all panelists and speakers during the Forum, including Mr. Moussa who also stated that, " ... it becomes of vital importance to instill hope and optimism through opening avenues for further cooperation, understanding and interaction among the people's of the U.S. and the Arab world."
Speaking on the role of building economic progress among interdependent economies, the Managing Director of the World Bank, Mr.
The anticipated growth in the Arab world in the coming years are of vital significance to emerging market economies in the region, which are now becoming economic powerhouses in today's global marketplace.
However, problems of scarce resources and ensuring economic, environmental and societal sustainability have also been issues of major concern.
"Better regional management of scarce water resources, and investments to take advantage of the scope for renewable energy generation, will help ensure the region remains on a sustainable growth path," stated World Bank official Mr. Daboub.
Mr. Daboub also stressed that the Arab world is expected to generate more than 80 million new jobs over the next 15 years, but along with this, the role with which youth and women will play are a critical factor in ensuring sustainable economic growth.
On the role of women in the Arab World, the Egyptian Minister for International Cooperation stated that, a larger private sector must encompass women and youth in business, and should provide opportunities, while building on the economies of scale already available in the
"To empower women our future leadership, which represents more than half of the Arab world population, [must address] the question of unemployment and most importantly the issue of the modernization of our education systems," said Minister
The Minister also stated that in order for
She implied that countries must collectively work to solve problems of mutual concern, such as rapidly increasing price of food crops and the lack of water resources, and that the U.S. is in the most ideal position to address work with the international community
"The American market — being the largest in the world — offers tremendous opportunities for Arab goods and services, aside from oil [ ... ] more can be done through facilitating the transfer of American technology and encouraging more US foreign direct investment flows to Arab countries," said Minister
Over the next two days, leaders from the
Lets hope that "Open Markets, Open Societies" will provide solutions to the concerns related to both
By
SOURCE U.S.-Arab Economic Forum
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