Innovation-Based Strategic Roadmap for Economic Sustainability and Diversity in Hydrocarbon-Driven Economies: The Qatar Perspective
المؤلف | Al-Sulaiti, Ahmed |
المؤلف | Hamouda, Abdel M. |
المؤلف | Al-Yafei, Hussein |
المؤلف | Abdella, Galal M. |
تاريخ الإتاحة | 2024-06-23T06:32:19Z |
تاريخ النشر | 2024 |
اسم المنشور | Sustainability (Switzerland) |
المصدر | Scopus |
المعرّف | http://dx.doi.org/10.3390/su16093770 |
الرقم المعياري الدولي للكتاب | 20711050 |
الملخص | This research addresses the critical opportunities and challenges confronting economic sustainability for hydrocarbon-based economies. The primary objective is to advocate for a transformative shift towards diversified and knowledge-centric economic models to ensure long-term sustainability. The literature review exposes vulnerabilities in hydrocarbon-based economies. The study innovatively explores multifaceted dimensions of economic diversification, including governance issues, societal well-being, and the necessity for robust ecosystem frameworks. Utilizing a qualitative case study methodology, the research investigates Qatar's initiatives, such as the Qatar National Vision 2030 and government programs, aiming to reduce dependence on hydrocarbons and foster innovation. Insightful semi-structured interviews provide nuanced perspectives on innovation in the hydrocarbon context with business and academic professionals. The primary data collection method involved the following distinct groups: five business professionals and eleven academic experts, representing eight outstanding local and external organizations. Key findings underscore a holistic view of innovation, associating it with practical solutions, adaptability, and transformative potential, showcasing diverse approaches ranging from business-centric to collaborative and user-centric methods. Identified challenges in the education system, the urgency for a matured innovation ecosystem, and opportunities in sustainable energy further enrich the study. Moreover, this research examines the challenges and mitigation strategies associated with economic diversification in hydrocarbon-driven economies, focusing on Qatar. The research recommends sustained efforts in economic diversification, educational reform, and technological integration for hydrocarbon-based economies. Policymakers, businesses, and academics can leverage these insights to navigate the complexities of resource dependency and ensure long-term viability. The commitment to addressing challenges faced by hydrocarbon-dependent nations remains crucial, with a dedication to fostering economic diversity, innovation, and educational excellence for a resilient and prosperous future. |
راعي المشروع | This work was patricianly supported in part by NPRP14C-0920-210017 provided by the Qatar National Research Fund (a member of the Qatar foundation). Open Access funding was provided by the Qatar National Library. |
اللغة | en |
الناشر | MDPI |
الموضوع | economic diversification economic sustainability hydrocarbon-based economies innovation ecosystems qualitative approach |
النوع | Article |
رقم العدد | 9 |
رقم المجلد | 16 |
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