The Time to Create National Wealth of Knowledge and Experience

The Time to Create National Wealth of Knowledge and Experience

26, January, 2017

In the early 20 century Bahrain where there is no technology, schools, universities, TVs, smart phones and internet Bahrain as other GCC countries relay on rational economic resources like agriculture, pearl fishery, and some import products from India, by the time and with the changes happened during the two world wars Bahrain was colonized by British,  during this face the British start to bring their knowledge, technology, culture and their country products to Bahrain, this has made Bahrain to be open on new era and develop faster than other GCC countries especially after discovering oil since Bahrain was the first in GCC to produce it. The relay and import of brain, knowledge, technology from western countries continued during the 20 century and even 21 century, but a lot have changed as well with the technology advancement, internet and smart phones, Bahrain's people have now become more or less equal in knowledge, education, technology and human capability as western countries, today everything is shared and available and anyone with effort and smart thinking can create, innovate, write books and make successful stories and wealth not just in the west as before.

Importing brain and knowledge in this era is not the same as before, in today countries need to create their own wealth of brain from their own people, people understand the culture, thinking pattern, life style, people behavior, religion and customs, Bahrain's youth  are now more advanced with the available technology and knowledge, they use it in very creative way, they always update their knowledge and open to the world the only thing they miss is the chance and mentor to get to their potential. Private sector need to put more effort on creating national wealth of knowledge and experience, they need to go to university invest in students, provide programs for interns to learn from the work experience and expert people, to be in the market where the action and real life happen, the responsibility of creating national wealth of knowledge and experience is not only by the public sector since there is always a lack of resources and exposure to real action and dynamic environment that private sector have, the cost of import brains is higher than the cost of creating national wealth of knowledge and experience since national will work in the country and produce and progress more and more with time and increase their learning curve to reach high performance and achievement that will benefit the privet sector where secure fuel of brains for their business continuity, the country and themselves to have quality of life and the government that will reduce the pressure on the limited resources to support their employment and services. In addition the national wealth of knowledge and experience will create more wealth and resources for the economy, more financial resources, more value products and increase learning curve which are all important to build a solid ground for knowledge economy and be in the developed category of countries labeling.

The creation of national wealth of knowledge and experience in the long run will be the future for any country want to grow out of dependency and weak economy, the example of Singapore, Japan, China and Germany is the most obvious one on how investing in creating national wealth of knowledge and experience can payoff huge in the future, and how the private sector play the leader role in this process since they have the tools , resources, environment, culture and capabilities to do it in the right way and with effectiveness and efficient that the public sector.

In the coming future the private sector will realize the urge of having national wealth of knowledge and experience to fuel their business continuity and that importing brains is becoming more and more expensive and not that beneficiary as before, but will this happen before its too late for the private sector or they will take the initiative and do it right now to get the results in near future before its too late for them, only the time can tell.

Mohamed Alzayani

Assoc.CIPD and Assoc.IHRME for human capital development