JSF calls for national strategy to boost tech adoption, economic growth

AMMAN — The Jordan Strategy Forum (JSF) on Sunday underscored the urgent need to integrate advanced technology into production processes, calling for a comprehensive national strategy to drive technological adoption, enhance productivity, and strengthen Jordan’s economic competitiveness.

In a policy brief titled "Future Technology and Its Role in Enhancing Productivity," the JSF highlighted the critical role of the National Council for Future Technology, established in response to Royal directives, in positioning Jordan within the global digital economy. 

The council focuses on key areas such as digital transformation, artificial intelligence (AI), the Internet of Things (IoT), blockchain, and robotics, according to Al Mamlaka TV.

The report also pointed to the rapid expansion of the international advanced technology market, citing a United Nations Conference on Trade and Development (UNCTAD) study that projects revenues will soar from $1.5 trillion in 2020 to $9.5 trillion by 2030.

Assessing Jordan’s economic landscape, the JSF also referenced the World Bank’s Middle East and North Africa Growth Report, which found that Jordan’s per capita income stands at just 18 per cent of that of leading economies like the US. Additionally, Jordan’s total factor productivity, a measure of how efficiently capital and labour are utilised, was reported at only 48 per cent of the level seen in top-performing economies.

The report also examined the technological makeup of Jordan’s manufacturing sector, revealing that medium-high-tech industries, such as pharmaceuticals and medical equipment, account for only 9.8 per cent of total industrial output. 

"Low-tech industries, including textiles, furniture, and paper products, contribute 36.2 per cent, underscoring the need for policies that support a transition to more advanced industries to boost global competitiveness."

The report also found that 31 per cent of productivity differences between firms can be attributed to variations in technological progress. It also noted that several emerging economies have successfully leveraged modern technologies and innovative business models, leading to increased technology penetration.

The JSF concluded by advocating for a holistic approach to technology adoption, emphasising the need for investment, technology diffusion, and innovation. The forum also stressed the crucial role of the National Council for Future Technology and urged greater investment in human capital, education, and infrastructure, along with efforts to attract foreign technology firms.