The economic challenges faced by some regional countries stem from shortcomings in two key areas: administrative strength and willpower, as well as an inability to accurately diagnose problems and innovate solutions. Nations that have laid out plans for the next half-century are better equipped to overcome daunting economic challenges. Visionary leadership, such as that demonstrated by Saudi Arabia’s Crown Prince Mohammed bin Salman, has proven to be a safeguard against regional crises. The experience of recent years shows that forward-thinking economic strategies are crucial for stability. Throughout the 20th century, ideological rhetoric overshadowed economic theories and development ideas. Some leaders delivered lengthy speeches about East and West without addressing their nations’ collapsing realities. Today, Gulf states like Saudi Arabia, the UAE, and Bahrain are leading the way toward stability. Philosopher Max Weber argued that economic development is the compass for social, political, and religious change. His work remains a global reference in sociology, covering education, law, violence, the state, politics, economics, and music. Weber’s insights into the Protestant ethic and the spirit of capitalism highlight the cultural and ethical roots of economic progress. Ultimately, economic success drives social and intellectual change. The region’s past reliance on outdated ideologies has proven ineffective. Now, those succeeding economically are achieving comprehensive progress. The Gulf’s modern experience underscores this, as other Arab nations increasingly adopt its models.
— new from (الشرق الأوسط)
