Page 516 - INVESTOPIA ENGLISH PR REPORT - International Part 2

3/11/24, 12:23 PM Investopia 2024 holds 11 panel discussions exploring investment - NEWSnet Atlanta - WZVC-LD
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.

In another panel, John Defterios, Professor of Business at NYU Abu Dhabi, spoke to

three government officials. H.E. Ryad Mezzour, Minister of Industry and Trade of the

Kingdom of Morocco; Jose-Maria Figueres, Former President of Costa Rica; and H.E

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