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The most important question today is not just: How do we address economic imbalances and problems? But rather: How do we build an economy that creates opportunities instead of settling for managing crises and challenges?
True economic reform is not limited to addressing the fiscal deficit or cutting expenditures, but rather requires a comprehensive vision that reorders priorities and places production, investment, and job opportunities at the forefront of goals.
In the Jordanian context, there is a clear need for an economic model that is more capable of creating job opportunities, attracting investments, and strengthening productive sectors, while simultaneously maintaining financial and social stability.
Encouraging investment is at the forefront of economic reform pillars, through simplifying procedures, reducing bureaucracy, and providing a stable and clear legislative environment. An investor needs trust before capital, and the more clear and stable the investment environment is, the greater the economy's ability to attract projects and provide job opportunities.
Furthermore, supporting productive sectors must be a fundamental pillar in any economic strategy. Agriculture, industry, tourism, information technology, energy, and the digital economy possess great potential to create added value, increase exports, and open new horizons for youth.
As for unemployment, especially among youth, it is one of the most urgent files, and it cannot be dealt with solely by increasing government jobs. What is required is linking education and training to the needs of the labor market, expanding vocational and technical education, encouraging entrepreneurship and startups, and creating an environment that allows youth to be productive and contributors to the economy.
Conversely, sustainable economic reform cannot be achieved without genuine administrative reform. Raising the efficiency and expertise of state institutions, accelerating procedures, digital transformation, reducing waste, and enhancing transparency and accountability are all elements that directly affect the economy's ability to grow.
Fiscal reform must also be based on justice and balance; whereby the economic base is expanded, collection is improved, and tax evasion and corruption are combated, in parallel with rationalizing spending and directing resources toward sectors and projects that achieve a tangible economic and social impact.
Hence the importance of small and medium-sized enterprises, which can be an important engine for the local economy. Supporting these projects with funding, training, marketing, and facilitating access to markets can open wide doors for youth and those with ideas and initiatives.
However, economic reform does not succeed with decisions alone; it requires continuity, clarity in goals, measurement of results, and a genuine partnership between the government, the private sector, and society.
The citizen does not just want to hear about better economic indicators, but wants to see their impact on their life: a job opportunity, a better income, more efficient services, and greater stability in the future.
Jordan possesses many potentials, human energies, a geographical location, and sectors capable of growth, but the real challenge lies in transforming these potentials into opportunities, projects, and production.
Therefore, the economic reform we need is one that moves us from crisis management to opportunity creation, from consumption to production, from waiting for a job to creating one, and from addressing problems after they occur to planning for the future before its challenges impose themselves.
Ultimately, the citizen remains the most important benchmark for the success of any economic reform; every economic policy must have a clear impact on improving the quality of life, enhancing opportunities, and building a more stable future for coming generations.
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