Though governments in the Middle East increasingly support the idea that innovation and entrepreneurship are essential to transforming their economies, Wharton's Karl Ulrich and Bulent Gultekin say that without institutions such as incubators and business-friendly policies, innovation culture cannot take root. Quality of life is also essential, they add, noting that Dubai's ability to attract people and capital stands as a successful regional model.
Published: May 14, 2013 Hardly Fragile: Tunisian Glass Artist's Effort Displays Women's Strength
Sadika Keskes is credited with reviving the art of glass-blowing in Tunisia and breathing innovation into the field over the past few decades. Following Tunisia's political revolution, she foresees new frontiers for creative expression and avenues for artists to help rebuild their country. Through "Women, Show Your Muscles," an artisanal initiative in the economically strained interior of the country, Keskes hopes to guide fellow female artists and fledgling entrepreneurs to self-sufficiency.
Published: May 14, 2013 The Economics of China's Pollution Problem
Earlier this year, major cities throughout China experienced record-breaking levels of pollution, increasing the pressure on the government and industry to take steps to improve air quality in the nation. But it's difficult to pinpoint the exact economic costs of pollution in China -- and just as hard to put a dollar figure on the economic benefits or losses of taking significant action to clean it up.
Published: April 16, 2013 To Arab States Seeking Stability, a Suggestion to Foster Private Business
Exactly why the Arab Spring revolutions took place when they did remains a mystery, says development economist Tillman Brück, who also leads the Stockholm International Peace Research Institute. But Middle Eastern countries grappling with the aftereffects of civil unrest should consider creating better environments for true enterprise and private business to flourish if they really want stability, Brück tells Arabic Knowledge@Wharton.
Published: April 02, 2013 Will Resource Nationalism Spoil Brazil's Big Oil Future?
The announcement in 2007 that oil company Petrobras had made a giant oil find off Brazil's southeast coast was a reason for euphoria in South America's biggest country. But that mood of euphoria has long since faded. The so-called Tupi find has started production, but Petrobras is struggling to meet its targets, and raising the money required to develop the find has made it the most indebted company in the world. Much of the blame for the delay in development has been focused on recent regulatory changes, and critics say that a resurgence of resource nationalism could prevent Brazil from ever maximizing its oil resources.
Published: April 02, 2013