The University of Jordan News
Global Economic Prospects and Trends Discussed at UJ

The University of Jordan (UJ), organized on Sunday, in cooperation with the Jordan Strategy Forum and the World Bank Group, a dialogue and panel discussion entitled "Global Economic Prospects & Trends", inaugurated by the University President, Prof. Nathir Obeidat.

In his welcoming address, Obeidat highlighted the role of education in economy, concluding that despite the economic and social challenges, education plays a fundamental role in achieving economic growth, and emphasizing that public spending on education should be seen as an investment in human capital.

Obeidat noted that we need more than ever to reconsider academic programs, taking into account the needs brought about by the fourth and fifth industrial revolutions, while giving priority to high-tech programs, such as artificial intelligence, cyber security, and others, and to build an adequate infrastructure for such technology.

Obeidat stressed the need to boost university-industry collaboration, to enable research to play a visible role in economic development and growth, adding that this year, at the university experts and practitioners from industry were provided with an opportunity to teach at least 20% of our programs.

The dialogue hosted the World Bank's Chief Economist & Senior Vice President for Development Economics, Dr. Indermit Gill; Chief Economist for the Middle East and North Africa Region, Dr. Roberta Gatti; Director of research at Jordan Strategy Forum, Prof. Ghassan Omit; Citibank CEO, Nour Jarrar; and UJ's postgraduate student Ward Al-Sabbagh. The conversation was moderated by Kawar Group General Manager, Karim Kawar.

The discussion focused on understanding the emerging global conditions, and how economies of developing and emerging countries can overcome turbulence, manage risks, and take advantage of opportunities for growth and comprehensive and sustainable development.