Abstract
Gulf Cooperation Council (GCC) countries, driven by their respective national development goals, have taken a top-down approach to spur entrepreneurship and innovation. This chapter provides a descriptive study and meta-analysis of the policies, programs, and initiatives in the Arab Gulf countries around entrepreneurship and innovation and examines how such activities play a role in fostering an enabling environment for youth social entrepreneurship and/or innovation. The chapter finds that a rising spirit for social entrepreneurship and innovation is present among a small but a growing community of intrinsically driven Arab Gulf youth. At the same time, however, youth face financial barriers, difficulties navigating the complicated regulatory system, and lack role models, resources, or expertise to start and sustain enterprises and/or innovative initiatives toward positive social change.
Notes
- 1.
The “knowledge-based economy” describes trends in advanced economies towards greater dependence on knowledge, information, and high skills levels, and the increasing need for ready access to all these by the business and public sectors (OECD, 2005).
- 2.
Online survey respondents were from Qatar, UAE, Bahrain, and Oman. In-depth interviews were conducted with youth from Qatar, UAE, and Bahrain.
- 3.
0% of females and 16.7% of males responded that they believe that government and banks support social entrepreneurs and innovators. 14.3% of females and 0% of males responded that they believe that businesses provide support for social entrepreneurs and innovators.
- 4.
All names of interviewees have been changed for anonymity.
- 5.
Global Shapers, an initiative of the World Economic Forum, (https://www.globalshapers.org/) is a network of city-based hubs developed and led by young people between 20 and 30 years old who want to develop their leadership potential towards serving society.
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Lee, S., Mirza, C. (2017). Fostering a Rise in Youth Social Entrepreneurship in the Arabian Peninsula: From Policy to Implementation. In: Bastien, S., Holmarsdottir, H. (eds) Youth as Architects of Social Change. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-66275-6_5
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