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News and analysis – When do Arab countries realize the importance of activating joint economic and development initiatives?

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Lebanon has the right to state that it managed to host the fourth Arab economic summit in Beirut on 19 and 20 January 2019, despite the serious internal political crisis in Lebanon and in spite of the multilateral crises currently taking place in all the other Arab countries . However, those who read the articles presented to the participants in the summit, which have been ignored by the majority of Arab leaders and their results, can conclude without exaggeration that their results are too small. The same observation applies to the three economic summits that preceded the summit of Beirut – the summit of Kuwait in 2009, the summit of Sharm el-Sheikh in 2011 and the summit of Riyadh in 2013.

All these summits have raised issues related to projects related to Arab economic integration or at least to the coordination of Arab policies in vital economic and development sectors, including Arab food security, Arab water security and Arab energy security. However, the results of the four economic summits have not exceeded the recommendations and the economic and development problems that have been going on for decades put the Arab world at the forefront of economic and development performance.

The words of the representatives of the Arab countries at the Beirut Economic Summit are broad in repeating the comments and recommendations known to Al-Qasimi and Aldani, as much as the World Bank Vice-President's speech to the summit participants is painful for the first time in the countries Arabs because in the end it concludes that the absence of will The political situation in the Arab region is gradually turning into time bombs that will cause riots, disorders and instability of the medium-low debtor that can paralyze any development effort. Those who have read the speech by dr. Mahmoud Mohiuddin, vice-president of the World Bank to participants in the Arab economic summit in Beirut, noted that this speech was clear in bringing political and economic decision makers to Arab countries most of the responsibility for the increasing challenges and intensification of problems economic and development problems that arise in these countries and know the recipe for treatment for a long time. Among these challenges is the high unemployment rate, which is the highest in the world. This also applies to other development and economic indicators, including the index of wealth distribution methods. The dott. Mahmoud Mohieldin said that the Arab region occupies the first place in the distribution of national wealth in an equitable manner and that the region itself ranks first in the field of increasing poverty in the world.

Another Arab paradox that the Vice-President of the World Bank emphasized to the participants in the Arab economic summit of Beirut was the lack of Arab involvement, as it should be in the minimum possible framework of science, technology and innovation to overcome economic and development challenges. At the beginning of his speech, the speaker spoke as the US space agency NASA, which arose from a political decision to provide human and financial resources and make the United States the first investor in Space economy. Dr. Mahmoud Mohieddin cited the house of the Egyptian poet Ahmed Shawki in a poem about 100 years ago to celebrate the launch of Banque Misr. The poet says at the beginning of this poem: science and money people build their own king was built on ignorance and less.

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