Page 335 - INVESTOPIA ENGLISH PR REPORT - International Part 2

3/11/24, 12:04 PM Investopia 2024 holds 11 panel discussions exploring investment - Jacksonville - WWRJ
Dr. Mohieldin highlighted the necessity of paying attention to low and middle-

income countries in a changing global economic trend and cited Africa, where

the continent grew for many countries from being a low-income region to

becoming middle-income.

"Middle-income countries and the middle class populations are being

squeezed, and mid-sized enterprises do not have the same support as

SMEs," Dr. Mohieldin said.

"The middle needs investment, but [the situation] is not being discussed," he

added, and went further and underlined the urgent need for investment in

human capital, education and infrastructure." Dr. Mohieldin also noted that

debt and development problems remain among the most critical issues facing

the global economy and are of great concern to investors worldwide.

Dr. Bourguignon drew attention to the urgent need to take more steps to

achieve carbon neutrality to avoid the future repercussions that any additional

delay in responding to climate change could cause. He explained that the

current framework in place for the manufacturing and production of global

goods needs to be replaced with a new one.

Meanwhile, Dr. Sheets expressed a more optimistic view about the global

economy's health, suggesting that an ever-advancing technology ecosystem

has confronted many challenges the world has faced in recent years.

Concerning the UAE's economy, Dr. Bourguignon said that what enables the

country to face the economic challenges the world is its flexibility and

resilience.

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