Knowledge Economy Determinants in GCC Countries

The deep and speed changes witnessed by knowledge society in the
21th century prove that the predominating economy will be knowledge
economy. Governments must possess efficient Institution systems,
active economic incentives. good governance. as well as systems of
education. innovation and information & communications to motivate
creative entrepreneurship. The applied econometrics analysis results
proved that economic incentives system. technology of information and
communications determine about (%99) of changes in knowledge
economy index of GCCS in 2009. These states must crystallize
economic and scientific awareness to comprehend and stabilize
technology of information and communications. concluding policies
that come from fact by technical self-sufficiency to stabilize technology
instead of importing and using economic feasibility standards without
stopping at the last chain of technology which is consumption deemed
by economic logic as of no use financial wasting