Book chapter 2017

Towards Better Complementarity Between Human and Physical Capital in the Arab World to Achieve Higher Competitiveness and Secure Decent Work for All in the 21st Century

Arab Development Challenges of the New Millennium
Journal · pp. 459-500
Abstract

This chapter addresses the complementarity issue and presents a rationale for the anticipated change in the policy formulation model applied at present in the Arab countries. It discusses the labour supply and demand indicators selected in order to display the situation in some Arab countries. The chapter considers capsulated information on the success story of the Asian tigers in developing integrated policies and identifies the lessons learned from them and from other countries. For the Arab region, the World Bank focuses on the need for such integration of policies to achieve real growth; 'the region's future lies in making productive use of these resources—human, financial and physical—to take advantage of the opportunities that globalization brings'. Integration of the national policies to promote investment and develop the economy, on the one hand, and those to optimise the utilization of the human capital, on the other, is increasingly becoming a 'make or break' approach. © Belkacem Laabas 2002. All rights reserved.

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Author Affiliations
International Labour Organization, Geneva, GE, Switzerland
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No funding information
References 10 References
1 Astd, (1999)
2 Unified Arab Economic Report, (1999)
3 Centre for Labour Market Studies, (1998)
4 In the American Society for Training and Development Astd Handbook 4 Ed Mcgraw Hill, (1996)
5 Comparative Education, (1995)
6 Education Policy Analysis OECD
7 Enhancing the Effectiveness of Active Labour Market Policies Evidence from Programme Evaluations in OECD Countries, (1996)
8 Ilo Geneva, (1999)
9 A Background Paper Prepared for the Ilo World Employment Report 1998 99, (1997)
10 Human Resource Planning the Asian Experience, (1987)
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