Human Capital as the most valuable Resource

It has been said that Human Capital as the most valuable Resource that any organisation be it in the political, economical and / or social domains would require for purposes of progress, growth and development generally. These organisations to succeed and eventually prosper, or perhaps simply stand their grounds, do need leadership of one type or another. There is plenty of literature on this very topic but the following essay of McKinsey would not pass unnoticed. In our series on leadership, refer to Leadership Priorities in Year 2017, we did not cover this aspect of the business of tracking, selecting and ultimately contracting in quality personnel. This is possibly the most perilous but also the most rewarding operation of selection of an employee, an expert and / or a president of a country. Excerpts of the McKinsey’s Finding Hidden Leaders are reproduced here.
Finding hidden leaders By Kevin Lane, Alexia Larmaraud, and Emily Yueh
The first explanation is size: in large organizations, it’s easy for hidden talent [. . .]

Precariat and the Rentier Economy in the MENA

We, in the MENA region, are quite familiar with the rentier type of economy of certain countries, notably of those of the oil exporting ones. And never has there been, in our humble opinion, another concept since that of the rentier economy of a state theory. This was first postulated by Hossein Mahdavy in 1970. Professor Guy Standing’s use of the concept of Precariat seems to be a novelty these days and possibly producing the same awe effect in all of us. Could the Precariat and the rentier economy in the MENA oil exporting countries relate to that social class made of extraordinarily massive manpower imports.
Written by Guy Standing, Professorial research associate, School of Oriental and African Studies, University of London is this article in the second of a three-part series on the Precariat class, a growing social [. . .]

Filipino Overseas Contract Workers

Here is an interesting article published on Quartz.com on November 27, 2016. It is written by Therese Reyes and Isabella Steger. It is about the Overseas Filipinos living in a wide range of countries, working and transferring their remittances back home. They are, according to Wikipedia, known by a variety of terms with slightly different and sometimes overlapping meanings. The most commonly and officially used phrase is Filipino Overseas Contract Workers, acronym’d as OCWs. In the MENA region, the OCWs number was fast approaching a total of 2 million mark prior to the drop in oil price of June 2014. These are concentrated mainly in the GCC countries with a predominant presence in Saudi Arabia and the UAE. TradeArabia reported on March 30, 2016 that OSN, a leading pay-TV network in MENA region, has increased the breadth of content for OSN Pinoy subscribers with the roll out of six new channels taking the overall number of OSN Pinoy channels to 15. But, Filipinos working abroad say they’re coming home to a better Philippines . . . Ever since Rodrigo Duterte became president of the Philippines in May, Ces, a 32-year-old Filipino domestic worker in . . .

IMF warns against Tax on Expats Remittances

At a time when the GCC countries are preparing to impose value added tax (VAT) whilst for some of the member countries are exploring other form of taxation to raise revenues. But the IMF warns against Tax on Expats remittances. This measure according to the IMF in a report may prompt multinational employees to leave the GCC countries altogether. Expatriate manpower in fact makes up 90% of the labour force in the GCC and already Kuwait had proposed imposing a tax of 5% on remittances of expatriates to their homeland but nevertheless the IMF elaborating commented: “This will lead to serious brain drain if the local talents do not possess the same skills as their expatriate counterparts,” the IMF said before adding that taxing the income of foreign workers in the GCC will perhaps help the region boost its revenues, but it would also reduce the attractiveness of the Gulf in skilled expats. In any case, “Most of expatriate workers in the GCC have relatively low incomes and remittances tax would be highly regressive as high-income and low-income workers would be taxed at . . . .

‘State of the Union’ after the Election of Donald Trump

Gallup, the American public-opinion analyst, of November 15th, 2016 run an article on the ‘State of the Union’ after the Election of Donald Trump a week ago.  The exercise was conducted as it were bottom up and its conclusive assertions could this time be taken at face value.
 In our humble opinion, we believe that this would be of great interest for many of our MENA readers.  So, without further ado, here it is reproduced here below.
Now, much more important, what will DT do from now on.  The main concerns of all are the various controversial claims and beliefs to which the President elected believe. Throughout his campaign, Donald Trump has made several statements a bit disturbing and that seemed to hint at what policies it will pick up when he enters the White House. Needless to say that each of these ISSUES will have large-scale repercussions not only on the US economy but on the global. Here are five that will affect us the most.
Climate change
Immigration
Nuclear Iran
Oil markets
Pacific rim inter-nations trade(s)
Made in China vs. Made in USA