The power of the economy is measured by: (a) a country's economic resources, (b) market liberalization, (c) the existence of foreign direct investment (FDI), (d) and the rate of unemployment. However, is the existence of these factors enough for economic development? Does innovation add value to the economic development? Does the work environment play a significant role in innovation processing? In Economic Development from an Innovation Perspective: The Role of Innovation in Saudi Arabia, Qatar, and China, author Maitham Y. Al Maskeen spotlights the role of innovation in developing a country’s economy. He demonstrates the importance of employee value and how investing in human capital can have a positive, long-term effect on economic development. Al Maskeen focuses on Saudi Arabia and Qatar, two of the wealthiest oil-based economies in the world, despite the absence of innovation. He also discusses China’s economy, which continues to threaten other economies even without oil wealth. Economic Development from an Innovation Perspective: The Role of Innovation in Saudi Arabia, Qatar, and China is a well-research study that will enlighten those interested in how world economics operate—and how it can work more efficiently.
The power of the economy is measured by: (a) a country's economic resources, (b) market liberalization, (c) the existence of foreign direct investment (FDI), (d) and the rate of unemployment. However, is the existence of these factors enough for economic development? Does innovation add value to the economic development? Does the work environment play a significant role in innovation processing? In Economic Development from an Innovation Perspective: The Role of Innovation in Saudi Arabia, Qatar, and China, author Maitham Y. Al Maskeen spotlights the role of innovation in developing a country’s economy. He demonstrates the importance of employee value and how investing in human capital can have a positive, long-term effect on economic development. Al Maskeen focuses on Saudi Arabia and Qatar, two of the wealthiest oil-based economies in the world, despite the absence of innovation. He also discusses China’s economy, which continues to threaten other economies even without oil wealth. Economic Development from an Innovation Perspective: The Role of Innovation in Saudi Arabia, Qatar, and China is a well-research study that will enlighten those interested in how world economics operate—and how it can work more efficiently.
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