HOMEMASS MEDIAXavier in the NewsUAE is now on the verge of being ranked as one of the top 10 economies in the world: Professor Xavier Sala-i-Martin
12 December 2014
UAE is now on the verge of being ranked as one of the top 10 economies in the world: Professor Xavier Sala-i-Martin
Mass media - News Sala i Martín
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Abu Dhabi, 11th December, 2014 (WAM): UAE is now on the verge of being ranked as one of the top 10 economies in the world, Professor Xavier Sala-I-Martin, world renowned economist and the mind behind the Global Competitiveness Index, said.

Commenting on the UAE’s economic standing during his talk as part of its two-day 35 year anniversary celebrations of the First Gulf Bank (FGB) , on December 10th and 11th, 2014, Professor Xavier said: "As you know, the UAE is enjoying a positive situation today and confidence in the economy back. Many factors have contributed to this, including regional stability, ongoing economic diversification and the successful bid for Expo 2020. The Global Competitiveness Report publishes an annual index and the UAE’s score has been going up, where it is now on the verge of being ranked as one of the top 10 economies in the world." He added: "Looking ahead into 2015 we need to examine a number of global and internal aspects. In order for the UAE to continue to succeed, it is important to focus on doing things differently and to innovate. Competiveness is reliant on innovation, adaptability and on being flexible. All sectors must innovate, and this can take place in traditional sectors that have existed for centuries. Innovation for many of the world’s successful businesses did not come from research, instead, they come from regular people. The Global Competitiveness Report will be measuring the innovation pillar differently from next year and one of the key factors we will be looking into is how countries invest in human capital." [...]

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