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Category: Al Bayan Newspaper

12 Apr 2021
Dr._Manahel_Thabet

Looking Forward to the Future of Jobs and Their Completeness

There is a tremendous development that is increasing every day as technology evolves and automation expands, and there is widespread concern and debate about the future that awaits normal human functions in return for the emergence of the unusual, over the next few years, to 2030.
Perhaps to say that many of the functions that human beings are now experiencing will fade and disappear is a right and pessimistic statement for many, but in return it is a bright, civilized achievement for others.
“Technology is God’s gift; it’s probably one of God’s greatest gifts after the gift of life; it’s the mother of civilizations, the arts and sciences,” says Freeman Dyson.
But this is the wrong way to look at it.
Automation, an emerging term, refers to everything that works by itself without human intervention, so dictates the development of perceptions and prospects for future functions, which will emerge as their development dictates, as well as the functions that will fade with their development and breadth.
That is how this will be done, as well as how future jobs will emerge, which is still vague, and still the subject of perceptions, imagination, foresight, and predictions that are always the hardest, the worst in terms of error, yet we can ignore warnings in this regard, then make a special, simplified presentation, and predict proportions of the world that are being built today, and work on it at full swing.
From this, it is possible to visualize the skill demand scale for functional opportunities, under automation, and to look forward to what can be reached until 2030 in all sectors, to find that the demand for cognitive and cognitive abilities will be 75%, systems skills, 51%, complex problem solving, 90%, content skills (theoretical skills) 30%, practical skills 53%, social skills 57%, resource management skills 39%, technical skills 36% and physical skills, 12%.
The stability of these skills can be foreseen by establishing the ratios shown in all sectors until 2025, and we generally find instability 70% and stability 30% and find in the media, entertainment, and information sector instability 54% and stability 46%.
In the consumer sectors, instability 60%, stability 40%, and in the health care sector instability 58%, and stability 52%, and in the energy sector instability 60%. and stability 40%, and in the professional services sector instability 66%, and stability 34%.
In the ICT sector, instability is 70%, stability is 30%, transport sectors instability 78%, stability 22%, infrastructure services sector instability 84%, stability 16%, financial services and investment instability 86% and stability 14%.
The expected results based on these ratios will therefore lead to the growth of the research market, and the functions of marketing specialists by about 10; from now until 2025, technical and computational thinking skills will be the most vital, and the demand for medical and physiotherapists and human engineering experts in the working environment will increase.
This is because it is becoming increasingly important to provide care to a largely older society, and customer service representatives and marketing and sales professionals will become one of the most important functional areas.
Emotional and social intelligence skills and the understanding of effective communication will be required through new media platforms; jobs in education and training are expected to rise, with the sector experiencing significant growth and demand, and the growth of the following functions will double: analysts, administrators, accountants, and auditors who need business intelligence skills and adaptability as key skills.
By 2020, one third of the basic job skills will become unnecessary for today’s jobs, for example, 43% of the skills needed in the financial and investment services sector will soon be redundant, and two thirds of those basic skills will soon be unnecessary by 2025 and may disappear, completely after automation is tyrannical, by 2030.
If we go back a little bit, the vision will be more precise, we will find that in 1980, electronic parts accounted for less than 10% of the car’s production cost. Today, this figure exceeds 30% and will rise to more than 50% by 2030, and these electronic parts and applications will require new skills, and will create several new jobs, such as the cognitive systems engineer, who tests driver-electronic interaction.
In 1980, no one imagined that there would be such a job; in fact, the total number of single-car production workers had changed only slightly in recent decades, despite the presence of robots and automation. So, what does that mean? The answer is that technology will compensate people in several jobs, but we will see the emergence of several new jobs and skills, which means that technology will increase the incompetence of competencies.

The bottom line is that highly skilled people will be a rare currency in the next decade. And to talk the rest.

Author : Manahel Thabet
Published December 11, 2021
Al Bayan Newspaper

09 Apr 2021
Dr._Manahel_Thabet

The future of the UAE industrial economy

The upcoming phase of the industrial economy will be an attractive opportunity for local and international investments. It will ensure to strengthen the UAE’s strategic industrial security, innovation, advanced technology and the applications of the Fourth Industrial Revolution.

The UAE has an efficient system when it comes to the field of investments, especially industrial investments. The UAE’s business environment characteristics such as high standards, transparency, rule of law, and the ability of the UAE economy to prosper with stability are a couple of factors that attract success towards the industrial sector. It has to be noted that the UAE boasts the presence of more than 21 integrated free industrial zones in the UAE.

The determination and attitude of the UAE supports drastically in its Sustainable Development Agenda by launching plans for industry development with the aim of strengthening the role of the latter in the national economy. This is enabled by creating a strategy for the future that is aimed at establishing a highly competitive global economic base. These steps were announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The project was titled “Operation 300 bn” – A 300 billion project to stimulate the industrial sector to be a major channel for the development of the national economy.

The launch of this strategy at this particular time reveals the economic strengths of the UAE, despite the exceptional circumstances the world is going through today. The state has taken this global ordeal as an opportunity to try out the most powerful alternatives, perhaps a great opportunity to realize the importance of shifting from an oil-resource-based economy to new resources based on the industrial economy.

The key components that ensure the UAE’s success in its industrial economy in real time and in the future are the availability of advanced infrastructure, a strong legislative environment, the highest security and safety rates in the world, a strategic geographical location of the state, transport networks and logistics services in accordance with international standards that enhance the ease of export of its industrial products, free zones and various ports and the largest in the world, manufacturing catalysts of high-efficiency raw materials, the availability of skilled labour, low tax rates, as well as the strength of the financial sector in terms of liquidity availability and facilitating financing.

For many years in the industrial economy, the UAE has demonstrated its ability and high efficiency in increasing production and increasing exports, which are the most important indicators and measures of industrial power among countries, thus achieving a prominent position among the major industrialized countries, such as China, Japan, Germany and the United States. With the arrival of its industrial products in different countries of the world, exports of manufactured products within the UAE, which reached more than 170 markets around the world, reached approximately AED 62 billion in the first half of 2020, according to trusted sources and official global reports.

Hence, it can be stated that the UAE has reserved itself a prominent position among the major industrialized countries, through its interest in industrial infrastructure, the establishment of industrial zones, and overcoming the obstacles to the progress of the industrial sector of facilities and legislation, and the result was the UAE’s success in attracting many global investments, becoming the preferred destination for investors in the Middle East and North Africa.

Author : Manahel Thabet
Published April 09, 2021
Al Bayan Newspaper

02 Apr 2021
Dr._Manahel_Thabet

6G technology

The production of devices of modern technology are largely governed by economic factors. Each generation of a product seems to have a noticeable difference that is directly related to its economic factor, not only in terms of the cost of the product, but also in terms of components quality and product effectiveness. One of the key points that can be noticed about the current generation of technological products is that, they are always focused towards the extremes of capabilities that the current possibilities offer, be it the small size, high end specifications or capabilities beyond one’s imagination. Same is the case with AI products. This drastic improvement can be noticed if you compare the first version of the computer which was a humongous device that occupied an entire room where two people could live.
Even today, we follow this pattern of development. The development of the 6G technology is progressing like a race among tech giants such as Nokia, Ericsson, Huawei, Samsung, LG, Apple etc. Countries like China, South Korea and Japan have also expressed their interest in this technology at a time when 5G itself is not completely rolled out.
Researchers already working on the 6G wireless data transmission technology are expecting high speed PV conversions by utilizing the principles of photoscience. The integration of wireless transmission lines in fiberglass networks result in high performance data networks, and pair the receiver antenna directly with the fiberglass.
The concept, explained by the researchers, will greatly reduce the technical complexity of future radio base stations and enable Tera Hertz connections with very high data rates – several hundred gigabits per second will be made possible. The integration of wireless links in fibre optic networks is key to high-performance data networks: future cellular networks will consist of many small radio cells that can be connected by high-performance THz transmission links. In the receiver, THz signals can be converted directly to light signals with the help of high-speed plasmonic rates and transmitted over fiberglass networks.
The technology assumes that future wireless networks in the sixth generation, consisting of a number of small radio cells to transfer large amounts of data quickly and efficiently, will be connected to transmission lines, which can handle tens or even hundreds of gigabits per second per link. The frequencies needed are in the Tera Hertz range, i.e. between microwaves and infrared in the electromagnetic spectrum. In addition, wireless transmission paths must be seamlessly connected to fiberglass networks.
In this way, the advantages of both technologies, i.e. high capacity and reliability, as well as mobility and flexibility, will be combined.
Sixth-generation technology, based on an economic vision, also assumes that future wireless data networks should reach higher transmission rates and shorter delays, with an increasing number of peripherals, just as we find in virtual infrastructure technology in the computer world, where central computer transmission rates are characterized by high-speed data transmission capabilities.
6G aims to achieve much higher transmission rates, shorter delays, and increased device density, with the integration of artificial intelligence, 6G networks will be broadband cellular networks, and the service area will be divided into small geographic areas called “cells”. It can be stated that 6G technology will become a reality and commercially available in the near future.

Author : Manahel Thabet
Published April 02, 2021
Al Bayan Newspaper

13 Mar 2021
Dr._Manahel_Thabet

Women and the Knowledge Economy

Not only on International Women’s Day must we talk about women and the knowledge economy, and the fact that this context must be present all the time.

The government’s policy of promoting women’s participation in the national economy is a key factor in the development of the economy.
The knowledge economy is the effective mechanism that can be used to mobilize efforts, exchange information and empower women, but the capacity of the knowledge economy for social, political and economic rehabilitation will be achieved only when all parties concerned adequately address the dimensions of gender in regulatory frameworks and applications, which, as an inevitable result, will enhance women’s competitiveness, if the knowledge economy is more effectively and systematically employed by exploiting lost capacities and skills, and taking advantage of its economic contribution, which is still low (in Arab terms, and conditions) compared with the total population.

The relationship between the knowledge economy and education is vital, as it assumes that education will increase the spread of learning, thereby developing employment opportunities and mechanisms for both men and women. In addition, the development of the infrastructure and the continuation of innovation, creativity and transparency processes that lead to the proliferation of many opportunities for distance learning and training, as well as maintaining not only women, but also, all members of society, must be strengthened to further develop their knowledge and capacities.
We should be aware of the need to activate the knowledge economy methodology to function effectively and enhance women’s capacities, encouraging political parties and governments to better explain in their programmes how they intend to use the knowledge economy to respond equitably to the basic needs of women and
men. It also encourages the media to sponsor innovation programs, through video reports on the possibility of scientists serving the interests of society and meeting people’s basic needs, and on the effects of science on their lives, particularly the different effects of science and technology on men and women.

In the last part of this article, it should be noted that women benefit from a climate of innovation and creativity much less than men, and this is evident in the low level of women’s use of research and development, low participation in both technology production and policy formulation. This is due to several factors, most notably structural inequality, resource constraints and gender, including income, time, bias in education and various cultural elements. Family responsibilities and limited income for women also leave insufficient space and resources to access information outside their homes. In general, women and girls receive less education and training, especially in developing countries, and can therefore lack language and other skills to participate. And to talk the rest.

Author : Manahel Thabet
Published March 12, 2021
Al Bayan Newspaper

22 Jan 2021
Dr._Manahel_Thabet

Governing the Digital World!

To begin with, let’s imagine that we are on a plane in the sky, sitting comfortably, some of us eating, some of us drinking, some of us playing, some of us falling asleep, and some of us thinking about the actions that we will take when it comes down, then suddenly we discover, through a message recorded in the loudspeakers, that the undercarriage bay is empty, then the autopilot leads us to an airport that is still being planned, and whose construction has not yet been completed! This picture may be frightening, but it expresses the absence of governance we are experiencing in this digital world. We are afraid of the absence of governance, and before that, we are afraid of not knowing what we can face tomorrow in the light of this absence.

The immersion in the experience of a complete transformation towards digital worlds has become imminent, and it is close to the horizon, or below the inclusiveness of all aspects of life, and its trends, reinforced by the process of social distancing imposed by the Corona pandemic, and what is emerging every day of its consequences and effects.

In any case, everything we find now will be reformulated to accommodate the data and means of technology, starting with the forms of social, economic, educational, cultural and media dealings, and all areas and trends of human life.

If the current situation has imposed on people to withdraw from the tracks of social life, then this withdrawal also requires, at the same time, the departure to more spacious tracks through other tools, which are the tools of technology, even if the traditional markets have geographical boundaries that man has no ability to cross. Easily, the transformations, first due to the pandemic, and without it, after a long time, have forced immersion in a new experience of its markets in a dimension that has no geographical boundaries, meaning that success now in this experiment represents global success in one way or another. Because the context of these dealings is considered an open context, and competition in all fields exceeds the boundaries of the place that we have been accustomed to in traditional forms, and has become limitless, had it not been that the essential difference that distinguishes the traditional local level from the new alternative that is characterized by globalism, and which lies in the existence of regulations that frame and organize the movement, then everyone is equal in the opportunities they get, just as they are equal under these regulations, in terms of their rights that are guaranteed to them, and the duties that they have.

As it appears, the most that governments do today is try to force technology companies to violate the privacy of customers and users to serve their purposes and objectives as per the existence of texts and legislation that frame the movement in this open, virtual world and secure the users and visitors to it, and those working in its fields, in a way of responsibility and commitment, so that they have rights and duties. This is what the digital space generally lacks.

Activating cybersecurity in this digital space constitutes an important point in the context of searching for answers to the reasons for the absence of governance, and this may mitigate the burden of the lack of awareness in digital practice in all its diversities and fields. If awareness is absent, then some governance must not be absent, at least, to complete the formal details of the institutions governing the digital world around the world.

Human civilization has not flourished at any time, except through the integration of three pillars that work together in parallel and in one context, the first of which is the availability of governance tools and binding laws, then the presence of tools for creating awareness, education, and knowledge, and finally self-awareness and accountability; neither can any corner be effective, nor mentioned in a context independent of the three pillars being consistent with each other, and for this reason, it is not possible to talk about any renaissance in the digital world or technology in the absence of governance and the human awareness which knowledge creates. And to talk the rest.

Author : Manahel Thabet
Published January 22, 2021
Al Bayan Newspaper

15 Jan 2021
Dr._Manahel_Thabet

Knowledge Cultivation and Cognitive Empowerment

In the knowledge economy, information has become the most important commodity in society; scientific knowledge has been transformed into a digital form; information and information services have become one of the most important elements of the knowledge economy, and under these new circumstances, the economy is no longer concerned only with goods, i.e. the trade of physical products, but has increased its reliance on the provision of services, and therefore the economy has gained a new feature of producing, marketing and selling services and information.

The researchers assert that possessing information is something and using it effectively is something else, especially from communities looking to have sound civil or urban management, and while referring to the effective use of information systems, it should be noted that significant differences have arisen in this area between developing and developed countries.

Today, economists classify industries into declining industries that: rely more on raw materials than on technology; are characterized by low value added on their products; have emerging industries that rely more on knowledge, on technology, on services and on relationships, more than on raw materials; they are characterized by an increase in value added on their products, and there are companies where raw materials are never introduced, where the added value is entirely the product of knowledge, such as e-commerce companies.

Hence, as I mentioned in previous articles, the need to create a knowledge society has become very urgent to adapt to this new form of knowledge-based economy. Investors in this area are now attracted only by the existence of the appropriate knowledge ground represented by the knowledge society to invest in, which brings prosperity and economic prosperity to society first and then to investors.

Perhaps the most important avenue of cognitive empowerment that can be talked about in this regard, except for the importance of knowledge management and before it, is the so-called “knowledge cultivation”.

In essence, this concept says that participation is higher than the ranks of knowledge, a modern topic as a concept, but old as an application, and was first highlighted in 1997 by the writer David Skyrme by focusing on the leadership role of institutions in creating and nurturing knowledge in a way that contributes to the process of creativity and innovation, and has pointed to the existence of a broader concept of knowledge management, focused on processes only called “knowledge cultivation” and nutrition, to make it grow sustainably, with long-term benefits.

The future of creativity and innovation is through the cultivation of knowledge in the institution, says one researcher. Through the development and investment of knowledge, it is the essential activity necessary for innovation, which is done through the interaction in the human mind between past and new knowledge obtained by participation and empowerment.

This is where knowledge cultivation is an essential element in the process of cognitive empowerment, and represents a new perception of the search for knowledge and information that comes through participation, which is agreed by a wide range of researchers that the most important elements of the success of knowledge systems and their achievement of enterprise objectives is the success of the knowledge sharing segment, which needs a supportive institutional environment, which can lead to the institution having a sustainable knowledge advantage, so that knowledge becomes the basis for sustainable advantage that must be made ready for participation and spread within the institution.

In general, knowledge culture specialists are defined as the leading role of knowledge creation, nurturing, and sharing in a way that contributes to supporting innovation and cognitive empowerment.

The cultivation of knowledge is embodied in the implicit knowledge based on the fundamental capabilities that are deposited with its owners for the purpose of using it and represents the interactive relationship between existing knowledge and new knowledge and its participant by adding and developing a new source of thinking through the surrounding environment, and in other words, adopting knowledge and continuing the process of sharing knowledge and content among members of the same team.

In this context, the cultivation of knowledge is defined as a process of acquiring and transforming implicit knowledge into virtual knowledge, declaring it to other individuals and sharing it with them, and working to explore and nurture new knowledge, ensuring its growth and achieving its objectives within the organization.

The process of cultivating knowledge is often carried out by knowledge-owning workers passing on their experiences to others, consolidating and nurturing them within the institution, so it is important that workers entering important positions in the institution have sufficient knowledge of the success of their tasks, and hence the foundation supports and encourages workers with extensive knowledge of the organization’s activities to transfer them to others and not monopolize them.

There are several examples in this regard, including the model of knowledge cooperation, and here knowledge sharing plays two key roles: feeding and converting knowledge cultivation and the second is the spread of knowledge after cultivation and growth to ensure rapid and efficient communication among all individuals before and after agriculture.

The other model is sustainable cluster groups through which knowledge is cultivated based on sustainable communication between individuals and those clusters groups, which greatly helps to capture and absorb new knowledge from external sources and circulate quickly among individuals, as well as mutual and shared knowledge and participation among individuals within the cluster or group, which greatly helps to find new knowledge and unlocks innovative capabilities.

Finally, we can conclude the article with the saying of the Chinese sage (Kuan Chung) in the 5th century BC: if you are planning a year, plant a seed, and if you are planning for 100 years, teach a human being, because when you plant one seed, you harvest one crop, and when you learn, people harvest 100 crops.” And to talk the rest

 

Author : Manahel Thabet
Published April 09, 2021
Al Bayan Newspaper

30 Oct 2020
Dr._Manahel_Thabet

The Governance of 21st Century Transformations

The Corona pandemic was the yeast acting on the dough of human transformation towards technology, and instead of talking about the transformation in the last decades of the twenty-first century, the talk, in the same context, deals with the next few decades of this century as indulging in the experience of transformation altogether, which is imminent, and just around the corner from the inclusiveness of all walks of life, and its trends.

Everything we find now will be reformulated, starting with the forms of social, economic, educational, cultural and media dealings, within all areas of human life and trends; and if the current situation has forced people to withdraw from the paths of social life, this withdrawal forces them to start to be more open, through other tools, the tools of technology.

If traditional markets have geographical boundaries that are not easily exceeded by man, the transformation caused by the pandemic, first now and without time, has forced an indulgence in a new experience of its markets, with a geographical dimension, i.e., success in this experiment now represents a global success in one way or another; competition has gone beyond the boundaries of the place we have traditionally been used to, and has become limitless; if not, the fundamental difference that characterizes the traditional domestic level from the new alternative, which is characterized by the structure of the framework, lies in the existence of regulations that are universal, in one form or another. Everyone is included in the opportunities they have under these regulations; they have rights guaranteed to them, and they have duties to abide by them. If the new transformations had imposed regulations on people that committed them to duties, and they had no guaranteed rights of any kind, all of this would not have happened without the presence of governance, which frames the details of this experience, and indulges in it.

The new transformations require alternative resources for States. If, by experience, people are going to have to do business in all their forms remotely, States should look at the mechanism of exempting businesses from their licence to do business, if they are abandoned from their traditional business premises, and, instead of continuing to drain public and private sector infrastructure, for example, the business accelerator and incubator sector can be instigated, and their roles activated by the organizing and supervising of governments, as another example, to contain small and medium-sized enterprises, such as business centres and business-to-business centres, like business centres in free zones, with a work permit that can be granted from home.

The countries of Europe have taken notice of this and activated it to be with the people in the face of the pandemic, and its aftermath, rather than with the pandemic and against the people. The same applies to labour taxes within each company – income taxes and so on. Governments must review them in accordance with the transition situation, because without this new framework, and the rewriting of the system of laws for new transformations, the economy will perish, and it will lose all its sectors, without exception.

The image that describes the scene of the new transformations is one of a Surrealist painting in which we may feel amazing creativity, but no one can understand it, or claim it, and there is no choice but to frame this painting to obtain meaning, that is, in the realistic sense, that we symbolize it, its governance and the development of appropriate laws, guaranteeing all rights, and at the same time, obliging everyone to do their duties, yet without the feeling that everyone now feels “lost”.

We may think there is chaos, yes, but it is a creative chaos, which forces us to radically change our lifestyles and our ways of living, whether economic or social, and we could be very satisfied with it if it were governed, because governance means determining a destiny, a destiny of life, not a fate of death, a success, not a fate of failure and loss.

The leaders of the economic and social engines, the pillars of all societies in the future, who can be bet upon from this moment on, are undoubtedly the “alpha generation”. This generation does not believe in borders, whether cognitive, socio-cultural, or economic.

If framing is a principle of governance, the question now is: how will we frame the next governance? And to talk the rest.

Author : Manahel Thabet
Published October 30, 2020
Al Bayan Newspaper

23 Oct 2020
Dr._Manahel_Thabet

“Generation Alpha” Jobs

It appears, from many data sources, whose prosperity coincided with the Corona pandemic, namely, data technology and the wave of automation that permeated everything and spread to most professions and jobs, that the Corona pandemic has made itself a compulsory presence.

That which was free of it, or that which would have been slowly going on a long, cumbersome, and difficult timeline to achieve the overall presence that we are now seeing in all sectors and various fields, relates that Corona has become an objective equivalent to overall automation; or, that their relationship is complementary, and clearly it is a relationship that is deep and meaningful.

Hence, it is quite appropriate to talk at this time about the work functions of the near future, though not as a prediction, but rather, from what is confirmed by the data that has emerged successively from the beginning of technology, to refer to its current prosperity due to the Corona pandemic, which has made the vision around it, and its needs, supremely clear.

Perhaps what the centers and institutions in developed cities offer to look ahead to regarding this issue is useful, especially when we go to talk about the necessary needs of the near future of skills, and the needs of the world of professions and jobs, with the possibility of adding to them (through the current data) and more importantly, ask: What can we say on this occasion?

In a recent landmark document, the Center for The Future in Abu Dhabi City ranked 20 professions that will have the largest share of proliferation and will have a significant demand in 20 years from now. They are effective for generation ALPHA, which was born after 2010, and can be listed as stated in the document issued by the Center:

The work of robotic programmers, future oil data specialists and analysts, personal health experts, drone command support crews, a writer or accountant enhanced by artificial intelligence, driverless vehicle support teams, blockchain designers and engineers, 3D printer designers and engineers, digital currency bankers, encrypted, sensor system design engineers and supervisors, space traffic analysts and monitors, asteroid and celestial mining specialists, fusion power reactor engineers, genetic modification technology and biological piracy, engineers, designers and operators of the TEOP network, computer programmers and analysts of Quantum systems. Mixed real-world building technicians, researchers and producers of laboratory-grown meat, IoT-based home automation specialists, and finally the job of designers, engineers, trainers, and educators for AI-based teaching systems (without the need for someone to teach).

It can be said that the demand for some of these jobs has already begun, and we find that the job of support crew for flying drones, the job of a writer or accountant enhanced by artificial intelligence, and the job of designers and engineers of blockchain, has a tangible presence in most first world countries, and over the next two decades, the prosperity and expansion of its tools will remain and make the demand for its specialists very wide.

We are not here to list what has been said about the most widespread and demanding jobs over the next two decades, because we should be sure that the time is good for all segments in different sectors, whether they are from the Alpha Generation, or even the present generation.

They can rehabilitate themselves with the skills and requirements that this near future needs, an irreplaceable opportunity, and if the days pass quickly, they should pass as we fight to realize our dreams and work for the growth and prosperity of our homelands and societies.

Knowledge, and the right to acquire it, have been and will continue to be, a purely human affair, which anyone in this world can and will acquire without any right to place obstacles in front of it, or prevent it from gaining momentum. And to talk the rest.

Author : Manahel Thabet
Published October 23, 2020
Al Bayan Newspaper

16 Oct 2020
Dr._Manahel_Thabet

Corona Economy!

When there was a global cultural hierarchy, Europeans saw their culture as the highest and finest of all cultures, and sooner or later all peoples had to raise their culture to the level of European culture, and immigrants to Europe always had to give up their identity and differences, integrate as the population wanted, and be like them.

This is called ingestion or “assimilation”, and anthropologist Strauss calls it “to eat differences” and this alternative was a modern version of the “cannibal strategy” which preceded corona.

Today, when the world faces the health pandemic, it must find a solution to economic problems, especially after the loss of business, professions and jobs, and the adoption of new economic mechanisms is the only solution to break this critical impasse, and technology tools must be used to practice this new economy as the only option.

Hence, this new economy has become a single world culture that has imposed itself on the whole world and everyone must abandon their differences and forget its specificity for the exercise of this economy and survive. This economy was the common denominator of the world and resembled in detail the details of the “cannibal strategy” and the culture of ingestion or assimilation and the casting of the mould.

In the context of the Corona pandemic, no one can adopt an economic culture that has a specific and different profile of the world, independent of technology tools, and which is far from that being used, yet everyone is forced into this new economic practice.

The mechanisms of this economy have been dedicated to individualism and pure self in practice, and it is no longer important for the individual who practises this economy to be an economy qualification holder, nor to have great experience to succeed; and it does not matter how much there is an institutional entity with a name or brand, which has employees and a business license to achieve popularity, proliferation and profits, while there is only a computer connected to the Internet, and sitting in front of the screen is someone who wants to work.

The major economic and social problems of the world are also being addressed.

The Corona pandemic will transform it from year to year and will reposition in individual entities, re-launching through technology tools from private to public.

According to the current data of the Corona era, future economic leaders are coming from behind computer screens, i.e., the economy will take the profile of individuals instead of the stereotypical institutional entities that the world has written about before Corona, and questions can be formulated at the end of this article: What vision can the economy hold, and what situation will the world become according to this vision?

Will you do better than institutional economic entities? Could it be a radical solution to the issue of eradicating poverty? And to talk the rest.

Author : Manahel Thabet
Published October 16, 2020
Al Bayan Newspaper

05 Feb 2018
Dr._Manahel_Thabet

Knowledge Governance

Before talking about knowledge governance, which this article addresses, it should be noted that any transformation and transition must, from scratch, be surrounded by many difficulties and randomness, and this statement applies to the transition from the previous capitalist economic systems to a knowledge-based economy. Between this transformation, with economic changes and new interactions, many institutions have experienced a great deal of capital fluctuation, resulting in mismanagement and widespread corruption due to misperceptions and, consequently, economic collapses in major international businesses, including a lack of transparency in all matters relating to financial lists and accounting procedures.

Because there are those who refuse to pay the bill of corruption, mismanagement and the absence of a culture of knowledge economy, there has been an urgent need to reformulate economic strategies, under this new concept of knowledge economy, so that information can be available on the expected risks of this new approach, while integrating with the approach of applying institutional governance, so that an appropriate institutional framework can be established and formulated, emphasizing the existence of binding rules and structures for all parties in the economic process.

With the transformation process, many houses of consulting management expertise have begun to produce and market knowledge management programmes, and developed them within businesses, so various organizations have provided funding for projects related to knowledge-economic management.
In the face of this, several definitions of governance have emerged via these specialized advisory houses, including IFC, ones that say what “is the system through which companies are managed and controlled.” The OECD defines it as “a set of relationships between the company’s administrators, the board of directors, shareholders and other shareholders.” In other words, governance means the system, i.e., the existence of systems governing relationships between the core parties that affect performance, as well as the elements of strengthening the institution in the long-run and determining manageability and responsibility.

The concept of knowledge governance has gained attention in the business sector, and it has been adopted because of its modern changes and developments, both in terms of blame and technology, and therefore it has been necessary to integrate knowledge and the economy, so that there can be a knowledge economy based on taking over economic knowledge within enterprises to maintain competitive advantage and follow best practices. The era we are living in is essentially comprehensive of all realities, namely change and transformation, and therefore ideas, systems and inputs must be put forward. Putting the old aside, and absorbing the realities of the stage and the observations of the future, we can find a place in this new world, i.e., reformulate cognitive and economic strategies according to future visions.

The most important governing factors that can affect competitiveness and production indicators are the recognition and response to the hallmarks of the information and knowledge age, the challenges, and the prospects, of scientific and technological progress, dealing with the technological revolution, the information and knowledge revolution, and the potential for regional action and international cooperation.
Supporting scientific and technological research processes can be the beginning of the way to deal with these governing factors by mobilizing the necessary resources, particularly finance and management, and by making an effort by which the hallmarks of the era of the knowledge economy can be dealt with to achieve added value in the component of goods and services, and increase investments in intellectual output, namely research and innovation in various economic mechanisms.

The importance of establishing corporate governance, which is concerned with the broader concept of how to establish a structure that allows for a great deal of freedom under the rule of law, including fundamental changes, adopting international standards of transparency, clarity and accuracy in financial statements, requires basic legislation and adjustments, changing management strategies to establish an appropriate institutional framework, including justice and transparency in transactions, the right to accountability to address corruption, then protecting shareholders and maximizing returns, and creating management structures with which management can be held accountable to shareholders, while ensuring a review of financial performance, the integration of accounting and audit systems, and the development of strategies, plus increased performance efficiency and supervision of the social responsibility of the institution, in the light of governance legislation.

Therefore, the key elements of supporting the proper application of governance within institutions will clearly be strategic objectives, ensuring the efficiency of board members, understanding their role in the governance process, and identifying responsibilities. There is no doubt that knowledge becomes economically useless without a strategic framework for the right to hire and exploit opportunities, hence the role of innovation as a key form of strategic use of knowledge, requiring adherence to governance legislation to secure and improve the investment climate to gain investor confidence.

The focus of linking the knowledge economy with institutional governance is the need to develop strategies with a vision for the future, to encourage innovation for harmonious economic development, adapting to transformations, knowledge production, institutional construction reform, combating bureaucratic performance to improve performance efficiency, and to develop mechanisms for the implementation of governance, so that its elements become anti-corruption, consistent with the rapid development of knowledge, and to take into account the impact of the knowledge revolution on economic, political and cultural conditions, as well as the internal and external environment, to determine the status and developments of the strategic conduct of the working unit, taking into account integrity and justice, to achieve competitive advantage, through responsibility. This includes the acceptance of accountability and transparency.

The realization of the link between the knowledge economy and the governance of institutions is achieved through several mechanisms, including the mechanism of audit committees, activating their full role, which helps good delivery, avoiding malpractice, thereby preserving the integrity and credibility of financial statements, and achieving the desired economic results… And to talk the rest.

Author : Manahel Thabet
Published February 05, 2018
Al Bayan Newspaper