A Shared Vision for Stakeholder Capitalism in the Middle East and North Africa

The World Economic Forum's Regional Action Group proposes a shared vision for the Middle East and North Africa based on Stakeholder Capitalism. The framework emphasizes inclusive economic policies, regional integration, education reform, the adoption of Fourth Industrial Revolution technologies, environmental sustainability, global health risk mitigation, and agile governance.

• The document advocates for inclusive economic policies and a new social contract that serve all societal actors, including women and marginalized communities, while transitioning from rent-based to diversified economic models with a focus on fair income distribution and ethical supply chain management.
• To stimulate economic integration and regional competitiveness, the document calls for reducing trade friction and economic fragmentation through cross-border collaboration, flexible visa policies, and the development of the digital economy and tourism.
• Education systems must be reshaped to address automation and artificial intelligence by promoting skills such as critical thinking, creativity, and emotional intelligence, while ensuring lifelong learning and access for all.
• The framework suggests leveraging high internet penetration and tech-savvy youth to integrate national digital infrastructures and markets, aiming to close the digital divide through a regional governance architecture.
• To address acute environmental risks like water scarcity, heat waves, and desertification, the document promotes investing in the circular economy and advancing net-zero emission standards in alignment with the 2030 Agenda for Sustainable Development.
• The vision emphasizes the need for regional cooperation to mitigate global health risks, specifically through collaboration in vaccine development and distribution, digital health, and research and development.
• The document calls for a commitment to good and agile governance to fight corruption and ensure the rule of law, requiring collaboration between government, the private sector, civil society, and the academic-scientific community.

APA

World Economic Forum (2021). A Shared Vision for Stakeholder Capitalism in the Middle East and North Africa. http://www3.weforum.org/docs/WEF_Principles_Stakeholder_Capitalism_MENA_Endorsements_2020.pdf

Chicago

World Economic Forum. A Shared Vision for Stakeholder Capitalism in the Middle East and North Africa. 2021. http://www3.weforum.org/docs/WEF_Principles_Stakeholder_Capitalism_MENA_Endorsements_2020.pdf.

Wikipedia

{{cite press release |author=World Economic Forum |title=A Shared Vision for Stakeholder Capitalism in the Middle East and North Africa |date=February 2021 |url=http://www3.weforum.org/docs/WEF_Principles_Stakeholder_Capitalism_MENA_Endorsements_2020.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldeconomicforum2021shared, author = {{World Economic Forum}}, title = {{A Shared Vision for Stakeholder Capitalism in the Middle East and North Africa}}, publisher = {World Economic Forum}, year = {2021}, month = feb, url = {http://www3.weforum.org/docs/WEF_Principles_Stakeholder_Capitalism_MENA_Endorsements_2020.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }