The scarcity of intellectuals globally is a natural consequence of the challenges posed by focused thinking. Many individuals prefer the comfort of mental ease, gravitating towards readily available ideas rather than honing their ability to think critically. This tendency also extends to investors who, adopting preconceived notions, often face losses in their ventures.
In exploring the landscape of the knowledge economy and cultural investment in the Arab world, a critical question arises: why do Arab money owners and businessmen shy away from investing in culture and knowledge?
The primary obstacle facing cultural investment in the Arab world is the absence of a conscious foundation and an educated environment to shape and foster perceptions. This challenge transcends capital concerns and isolates investors from the knowledge and cultural investment market. The pivotal issue lies in creating awareness within the target audience, making them receptive to the investor’s offerings and engaged with the project.
Effecting change and instilling awareness have historically been subjects of controversy, epitomized in the debates between idealism and materialism. Marx’s perspective, emphasizing that social presence determines consciousness, underscores the interconnectedness between physical reality and ideologies. Hegel, on the other hand, contends that awareness shapes the educated environment, constituting an ideal reality.
Development inherently necessitates an educated populace to organize and drive its effectiveness. Cultural engineering, an integral part of the development process, requires awareness as a prerequisite for financial or cultural engineering to advance successfully. The conditions for development apply equally to cultural engineering, making it a foundation of the development process.
Modern capitalism has introduced financial engineering, encompassing management sciences and risk prediction to enhance project viability. The link between financial engineering and the economics of knowledge lies in its role as a guarantor, assuring the knowledge market by mitigating risks, preventing failures, and bolstering project immunity.
In the Arab countries, particularly in the cultural sector, the awareness industry and the economics of knowledge necessitate attention to potential risks. Financial and cultural engineering experts play a crucial role in identifying and addressing these risks.
Conscious awareness is cultivated through a methodical development approach that delves into the intricacies of familial, educational, and societal environments. Unfortunately, most cultural projects encounter resistance and skepticism, leading to their premature failure.
While discussions on the Arab knowledge economy are limited, notable examples, such as the United Arab Emirates, have embraced knowledge-driven initiatives. The UAE’s space project, the year of innovation, and initiatives like the Museum of the Future under Mohammed bin Rashid’s vision exemplify steps toward intellectual breakthroughs reminiscent of a golden age.
Achieving a state of awareness conducive to the flourishing of cultural markets and the knowledge economy requires careful planning and a deep understanding of internal dynamics. Only by addressing the challenges within family, educational, and societal realms can a modern future be envisioned.
Author : Manahel Thabet
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