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United
Nations Development Program Creating opportunities for future generations
Looking forward, much also needs to be done in order to empower the people of the Arab region to participate fully in the world of the twenty-first century. Globalization and accelerating technological advances have opened doors to unprecedented opportunities, but they have also posed a new risk: that of being left behind as the rate of change accelerates, often outpacing state capacity. Development is being reinvented by new markets (e.g., foreign exchange and capital markets), new tools (e.g., the Internet and cellular phones), new actors (e.g., non-governmental organizations, the European Union and World Trade Organization) and new rules (e.g., multilateral agreements on trade, services and intellectual property). Read the Arab Human Development Report
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