International Organisation for Knowledge Economy and Enterprise Development

Activities

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..:: Innovation Systems for Natural Resource Rich Economies
IKED is carrying out analysis and research to help put in place better ways to measure progress in the transition of Natural Resource-based Economies (NREs) towards Knowledge-Based Economies. Among its key projects, IKED is working with the central authorities of Abu Dhabi on the development of an innovation index tailored to reflecting progress on the specific challenges confronting NREs.

While Abu Dhabi has moved beyond the middle-income economy status and now represents one of the most dynamic capitals and regions of the world, it still owes much of its economic stance to the export revenue generated by its so far ample oil resources. Sustained high oil prices in recent years helped boost Abu Dhabi's budget and trade surpluses and foreign reserves. Despite this, the Emirate's leaders have embraced a sharp strategy to establish a stronger base for its growth and development, through a secure, open and dynamic economy, empowerment of the private sector and a sustainable knowledge-based economy.

By measuring innovation and knowledge management in Natural Resource Rich Economies (NREs), and through comparison and benchmarking between such economies, the research aims to gauge to what extent Abu Dhabi is confronted with a gap in terms of unfulfilled potential for innovation and growth.

IKED's report, due in December 2009, will tentatively include findings such as the international ranking of innovation performance, gap analysis, Abu-Dhabi Innovation Policy recommendations, Abu-Dhabi Innovation Index and the recommendations and proposals for establishment of an “Innovation Policy Centre for Natural Resource Rich Economies" in Abu-Dhabi".

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