Many countries have set modernization goals for 2030 and beyond to improve their citizens’ economic competitiveness and quality of life. These goals often include developing infrastructure, increasing access to technology and education, and promoting sustainable development. Additionally, many countries have aligned these goals with the United Nations’ Sustainable Development Goals, which aim to address global challenges such as poverty, inequality, and climate change by 2030.
Jordan and the Middle East Arabic countries are no exceptions to the trend of countries setting modernization goals for the next decade. In 2022, Jordan announced plans to build a better economy for the upcoming ten years, focusing on developing key sectors such as tourism, information technology, and renewable energy. These plans aim to create jobs, attract foreign investment, and improve Jordanians’ overall standard of living. Additionally, the country has set ambitious targets to reduce its dependence on fossil fuel imports and increase its use of renewable energy sources. These efforts are in line with the broader trend in the Middle East region to modernize and diversify economies. The goal in the Gulf region is to decrease reliance on oil and gas exports and establish more sustainable and enduring economic expansion.
The goal in the Gulf region is to decrease reliance on oil and gas exports and establish more sustainable and enduring economic expansion.
This can be achieved through various means, such as diversifying the economy through tourism, technology, and renewable energy investments. Additionally, implementing policies and programs to promote entrepreneurship and small business growth can help create a more diverse and sustainable economy. It can also be achieved by investing in education and human capital development to allow citizens to acquire the skills and knowledge necessary to participate in a more diverse economy.
Yes, the gaming sector is one example of the efforts being made to diversify the economy in the Gulf region. The Saudi Vision 2030 plan, which aims to reduce the Kingdom’s dependence on oil and gas exports, includes a significant investment in the gaming industry through the $43 billion Savvy fund.
This fund is being used to develop the video gaming economy in Saudi Arabia, including establishing new studios and promoting local game development. The NEOM project, a planned city and economic zone northwest of the country, is also expected to attract investment in various industries, including the gaming sector. This is an excellent example of how the Gulf region is looking to diversify its economy and create new opportunities for sustainable growth.
The Corruption Monster
Corruption is like a monster that hides in the shadows and preys on the weak. We must face it head-on and fight for what is right. To rid our world of its clutches, citizens must work together to expose corruption, hold those who perpetrate it accountably and ensure nobody is left behind. Together, they can make sure this insidious monster victimizes no one.
The monster of corruption is an ever-growing plague on the global economy. From money-driven bribery and nepotism to subtle yet insidious forms of dishonesty and deceit, the effects of corruption can spiral into unchecked manipulation and exploitation of those in positions of power. This blog post talks about the complexity of corruption and its far-reaching implications. We consider the current challenges posed by economic struggles, the Covid-19 pandemic’s economic impact, geopolitical conflicts, and more – all potential fuel to a corruption-fuelled fire. Also, I will talk about what can be done to raise awareness and combat this ugly monster. Join me as we explore the need to act against the corrosive force of corruption.
Corruption is a pervasive problem that can manifest in many forms. It can be as simple as disregarding basic civic responsibilities, such as throwing rubbish out of a car window or blocking a neighbor’s parking spot. But it can also extend to more severe forms of misconduct, such as preventing someone from being hired for a job or trading non-public information for personal gain. These actions, although seemingly insignificant, can have severe consequences on individuals and society as a whole. It can undermine the integrity of organizations and institutions, create a culture of impunity, and ultimately harm the well-being of citizens. It is essential to recognize that corruption can take many forms and is not limited to grandiose schemes or high-level officials. Furthermore, it also includes small everyday actions that can contribute to a corrupt culture.
As a creative technology entrepreneur, I have participated in Economic Modernization Vision 2033 discussion groups in Jordan. This vision, launched by His Majesty King Abdullah II, serves as a roadmap for the coming years, aimed at unlocking Jordan’s economic potential and achieving comprehensive sustainable development. I have also attended sessions and workshops at the Paris Peace Forum in 2019 and 2022, both in-person and online, during the COVID-19 pandemic. I have been a part of the World Economic Forum in the Dead Sea in Jordan twice. Throughout my 24-year career, I have been involved in various strategic planning efforts in the MENA region and the UK, specifically in the West Midlands creative industry meetups. These experiences have provided me with valuable insights into the reshaping of the future that countries are striving to achieve in the next ten years. These efforts have a significant impact not only on a national level but also on a global level, as we live in an interconnected world.
As someone who runs their own business and frequently interacts with the natural world from various perspectives, one thing that has always concerned me is that corruption is the biggest enemy of modernization and economic development. It undermines the rule of law, weakens institutions, and hinders growth and progress. It diverts resources from where they are needed most and puts the interests of the few ahead of the many. Furthermore, it erodes trust in government and the private sector and makes it difficult for businesses to operate and for people to improve their lives. To achieve true modernization and economic development, governments and the private sector must work together to fight corruption and promote transparency and accountability. This includes implementing effective anti-corruption policies and laws, promoting integrity and ethical behavior, and fostering a culture of transparency and accountability.
Corruption is not new, but it continues to plague societies and economies. It undermines fair competition, diverts resources away from important projects, and causes delays in implementing essential plans. Through these workshops and sessions, I have also learned about different strategies and mechanisms that can be used to combat corruption. As we work towards creating a more prosperous future, it is essential to re-address corruption and finds ways to combat it. As an entrepreneur, I need to understand the impact of corruption on my business and the economy and take a stand against it. I believe that by raising awareness about corruption and taking steps to prevent it, we can create a more fair and equitable business environment for all.
Corruption, while often thought of as monetary gain, can also refer to the abuse of power or position for personal growth and can manifest in many ways, such as not doing one’s assigned work or actively hindering the work of others. This type of corruption can be just as detrimental to society as financial corruption, as it undermines the functioning of institutions and erodes trust in the government and other organizations.
One aspect of this type of corruption is a lack of personal responsibility and accountability. When individuals or groups in positions of power neglect their duties and responsibilities, it can disrupt the functioning of essential systems, which causes delays and inefficiencies in everything from government services to business operations. Furthermore, it can create opportunities for others to exploit the system for their gain.
Another aspect of this type of corruption is prioritizing personal gain over the greater good. This can manifest in self-serving decision-making or actively working to further one’s interests at the expense of others. Such behavior undermines the fairness and integrity of institutions and can create a culture of cynicism and distrust.
To combat this type of corruption, fostering a culture of transparency, accountability, and personal responsibility is essential. This includes mechanisms for reporting and addressing misconduct and education and awareness campaigns to promote ethical behavior. It is also necessary to hold individuals and organizations accountable for their actions through internal and external oversight.
Corruption is a problem that affects countries of all levels of development, from the most developed nations to the least developed. However, the impact of corruption can be particularly severe in developing countries. There are several reasons why corruption in developing countries is more harmful than in developed countries.
First, developing countries often have weaker institutions and less developed governance systems than developed countries. This makes detecting and addressing corruption more complex and allows corrupt individuals and groups to operate with greater impunity. Furthermore, in many developing countries, corruption is deeply ingrained in the culture and society, making it even harder to tackle.
Second, developing countries typically have less robust economies and less diversified sources of income than developed countries. This means that corruption can have a more significant impact on the overall economic stability and development of the country. For example, corruption in extractive industries, such as oil, gas, and mining, can have a devastating impact on a country’s economy and the livelihood of its citizens.
Third, developing countries regularly have higher levels of poverty and inequality than developed countries. Corruption can exacerbate these problems by diverting resources away from those who need them most and toward those who are already well-off. This can lead to a vicious cycle of poverty and corruption that is difficult to break.
Fourth, corruption in developing countries often affects the most basic services, such as healthcare and education. This makes it particularly harmful for the poorest and most vulnerable members of society, who most require these services.
Finally, corruption in developing countries can also harm the environment, leading to the destruction of valuable ecosystems and the loss of biodiversity.
It’s important to note that developed countries are not immune to corruption. Still, the level of monitoring and oversight is often higher in developed countries, making it easier to identify and address corruption. Therefore, developing countries must invest in solid institutions, oversight and monitoring mechanisms, and education and awareness campaigns to combat corruption.
Corruption is a problem that impacts organizations of all sizes across all sectors. While it is regularly associated with government and public institutions, it can also occur in the private sector. This includes both large companies and small businesses, as well as start-ups. Corruption in small and start-up companies can be particularly harmful, as it can undermine the integrity and stability of these organizations at a critical time in their development.
In small and start-up companies, corruption can take many forms. This can include embezzlement of company funds, insider trading, or using company resources for personal gain. It can also include conflicts of interest, where individuals put their interests ahead of those of the company or its stakeholders. Corruption can also abuse power, where individuals in authority use their power to further their interests rather than work for the company’s benefit.
The impact of corruption in small and start-up companies can be severe. It can harm the company’s reputation, leading to a loss of trust from customers, investors, and other stakeholders. It can also lead to financial losses and legal and regulatory penalties. Furthermore, corruption can create a toxic work environment where employees focus more on personal gain than achieving the company’s goals.
Promoting a culture of integrity and ethical behavior is essential to combat corruption in small and start-up companies. This includes educating employees about the negative impact of crime and promoting transparency, accountability, and fairness. Additionally, providing mechanisms for reporting and addressing misconduct and opportunities for employees to receive support and guidance is essential. It is also necessary to provide oversight and monitoring to identify and address corruption quickly.
Corruption is not limited to Homo sapiens.
As an Agriculture engineer with a strong interest in entomology, I have to highlight that corruption is not limited to Homo sapiens. It is a universal phenomenon that can be observed in various forms and levels in different organisms, including insects like ants and bees.
In these colonies, individuals may use their position of power or influence to further their interests rather than work for the colony.
In ant colonies, for example, specific individuals may hoard resources for themselves rather than distributing them to the settlement. This can lead to a breakdown in the functioning of the colony, as well as conflicts between individuals. Additionally, in some ant species, specific individuals may use aggression or manipulation to gain control of resources or territory rather than cooperating with others.
Similarly, in bee colonies, specific individuals may engage in “cheating” behavior, not contributing to the colony’s activities but still reaping the benefits. For example, some worker bees may avoid foraging for nectar and instead spend their time reproducing, which is not their role in the colony.
The effects of corruption in ant and bee colonies can be severe. It can lead to a breakdown in the functioning of the colony, as well as conflicts between individuals. Additionally, it can decline the colony’s overall fitness and success, as resources are not used effectively.
Importantly, corruption in the animal kingdom is not a result of conscious decision-making or moral evaluation, but rather a complex set of behaviors driven by evolutionary forces.
Culture feeding and stopping corruption
Culture can play a significant role in both feeding and stopping corruption. On the one hand, certain cultural norms and values can perpetuate corruption by promoting nepotism, lack of transparency, and lack of accountability. For example, in some cultures, gift-giving and personal connections to secure business deals may be acceptable practices. Still, in reality, these behaviors can lead to corrupt activities.
On the other hand, culture can also be a powerful tool for fighting corruption. Cultural solid values such as integrity, honesty, and accountability can deter corrupt behavior. Additionally, cultural traditions, such as community and civic engagement, can foster a sense of social responsibility and accountability among individuals and institutions.
To effectively combat corruption, we must reeducate people on its dangerous impacts through educational programs in schools and universities and campaigns and initiatives that raise awareness about the negative effects of corruption on society. By promoting transparency, integrity, and ethical behavior, we can create a culture that encourages individuals and institutions to act in the public’s best interest.
When a sinister monster of corruption sets out to slay the developing nations’ vision of economic prosperity, the citizens of these nations have the power to come together and protect their future. Corruption is a powerful force that can devastate a nation’s economic growth and development. It can lead to a lack of trust in government institutions, a decrease in foreign investment, and an increase in impoverished and inequality. However, citizens can act to protect their future and fight against corruption. They can start by raising awareness about the issue and educating themselves and others about the dangers of corruption. They can also join forces with other citizens and organizations to create a unified front against corruption.
This could include forming anti-corruption committees, organizing protests, and advocating for stronger laws and regulations to combat corruption. In addition, citizens can also work to create a culture of transparency and accountability in their countries, including advocating for greater access to information, encouraging public participation in decision-making processes, and promoting open and honest dialogue between citizens and their government.
Finally, citizens can also work to create a culture of integrity and ethical behavior that could include encouraging citizens to report any corruption they witness, promoting ethical business practices, and advocating for greater transparency in government and corporate activities. By taking these steps, citizens can come together and protect their nation’s future from the sinister monster of corruption. They can create a culture of transparency and accountability, promote ethical behavior, and work together to create a brighter future for their nation.
This is our chance to break free from the status quo of an opaque economic system and step into a world where transparency, accountability, and fairness are the norm. Join me in the fight against corruption and take control of your future – empower yourself through knowledge and help us create a modern economy that works for everyone.