The Potential of Social Entrepreneurship in the Middle East post Arab Spring
The Arab Spring was an important influence on
the social and economic conditions in the Arab world. Throughout the region,
the economy was adversely affected with high unemployment rates, low foreign
investment and tourism, and the disruption in exports. However, the Arab world
also witnessed an increase in awareness about the need for citizens to take
responsibility for their social, economic and political future, and move away
from dependence on the public sector for creating employment opportunities.
With ongoing transformations in the Arab
countries in the post-Arab spring, civil society and the private sector - which
governments were monitoring closely - have now more freedom to work. These
factors indicate a likely birth of social and economic environment that will
create platforms for vital social entrepreneurship projects. Such social projects will be attractive to young
people because of it is importance in the rebuilding process of the society and
it also provides employment opportunities.
Unlike traditional business entrepreneurs, the
goal of social entrepreneurs is not only to maximise financial gain. Instead,
the social impact is the primary goal. Social projects succeeded in introducing
new reforms and models to improve education, health services, and community
development, and gender issues, and economic growth.
Social entrepreneurship is appealing to be
innovative model that can address the continuing problems of poverty and
inequality in the Arab societies through harnessing the energy of young people
to support the economic and social growth. While social entrepreneurship sectors
are still relatively new in the Arab world, there were some minor activities in
the region over the past decade, which was supported by international and
regional humanitarian programs.
A 2010 report issued by the Brookings
Institution (Abdou et al.) indicates the low level of knowledge of terminology
and concepts of social entrepreneurship forms in the Middle East. This reveals
a need to make more effort to build awareness and changing attitudes towards
social entrepreneurship. However, there is a strong foundation for volunteer
work in all parts of the Arab world, especially among young people who are
involved in social activities and charities, which indicates a strong potential
for the further development of social entrepreneurship.
Edz Threadz sees the Middle East as an
attractive location for its social entrepreneurship operations and would like
to be part of the social development in the Arab World.
References:
Abdou, E., Nelson, J., Fahmy, A., Greenwald, D., (2010). The Status and
Potential of Social Entrepreneurship in the Middle East. Washington, DC:
Brookings Institution, http://www.brookings.edu/research/reports/2010/04/social-entrepreneurship
Marwan Albahar