Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Because the public sector can no longer absorb the swelling ranks of university graduates, the MENA region now has one of the world's highest rates of youth unemployment.The digital economy holds the promise of a new way forward, but it is still in its infancy, and young people face obstacles in putting technology to productive use. Second, bloated public sectors are crowding out the private sector, which would otherwise be a larger provider of high-skill, high-wage jobs.Because the future economy will need technologically capable workers, curricula should be reoriented toward STEM (science, technology, engineering and mathematics) subjects and away from the social studies that were long prized by public-sector employers.Moreover, education systems should focus on encouraging greater openness to innovation and risk-taking – a significant departure from the attitudes reproduced under a system of public-sector patronage. A digital economy depends on payment systems that are not just easy to use and widely available, but also trustworthy.Barring improvements to the financial system, and to the banking sector in particular, the potential of the region's vast human capital will not be realized.
FOLLOW THIS ARTICLE