UAE Tops Arab Countries For Highest Labour Resilience
The UAE showcases the highest labour resilience among Arab countries, according to the Global Labour Resilience Index (GLRI) 2024 released by Whiteshield on the sidelines of the World Economic Forum in Davos, Switzerland.
The GLRI 2024 provides insights to strengthen labour markets, preparing them to endure climate change challenges and leverage the prospects of a sustainable, green future.
This report also shed lights on the list of nations leading in labour market resilience during this era of the green transition.
“Countries not only must foster labour markets capable of withstanding temporary shocks but also must possess the capacity to navigate structural trends,” GLRI said.
Labour market resilience, the ability to face and recover from disruptions to the labour market, is a cornerstone of inclusive and sustainable labour markets.
The GLRI 2024 quantifies this resilience through both Structural and Cyclical pillars.
The most labour-resilient countries in the report are predominantly European, with Switzerland securing the top position.
Singapore stands as the only non-European country among the leading nations.
In the Middle East, the green transition is crucial for economic diversification, innovation, and trade.
While the UAE showcases the highest labour resilience among Arab countries, Saudi Arabia is catching up by diversifying its economy and enhancing workforce skills, it said.
The GLRI 2024 also highlighted several policy implications for labour markets during the green transition.
Fadi Farra, Senior Managing Partner at Whiteshield, said based on extensive research, this report identifies the most labour-resilient countries, emphasizing the critical role resilient labour markets play in shaping environmental performance for a sustainable and adaptable future.
Raed Safadi, Whiteshield’s Chief Economist, said the GLRI 2024 underscores the need for targeted policies and effective institutions to catalyse the ‘greening’ of the labour market amid structural changes in the global economy.
