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Abstract
The 21st century is approaching, and with it the world economy is moving towards a �knowledge based economy"
The Knowledge component in the value added has been increasing continuosly. Knowledge, in the form of information products or services, is becoming more important. Advances in information technology (IT) is promoting these tendencies. Arabization of IT is a key issue in this process. These changes offer vast new opportunities to the Arab world, but they also present many challenges.
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