Read e-book online Algeria in Transition: Reforms and Development Prospects PDF

By Ahmed Aghrout, Redha. M Bougherira, Professor John Keiger

ISBN-10: 0203307631

ISBN-13: 9780203307632

ISBN-10: 041534848X

ISBN-13: 9780415348485

This publication, via delivering an updated, systematic analytical account on changes in Algeria, makes a invaluable contribution to the literature in this nation that has no longer but acquired a lot cognizance within the Anglo-American academy. Its virtue is that it solely specializes in Algeria, therefore departing from present reviews facing the total geographical sector of North Africa or the Maghreb.

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16 In their different ways, four of them—de Soto, Ferguson, Frank and Castells—welcome these developments whereas the fifth, Hertz, argues that they present serious dangers to the democratic process. As the founder and president of the Institute of Liberty and Democracy based in Lima, as well as a key adviser to Peru’s President Alberto Fujimori after his accession to power in 1990, Hernando de Soto has powerful credentials for reflecting on the difficulties that have been faced by countries seeking to achieve a level of economic prosperity that is Algeria in transition 12 taken for granted in most of the principal economies of the West.

By contrast, post-independence Algeria experienced a population explosion. Initially, the investment in education, which was endorsed by Boumédienne in order to help provide the skilled labour that was required by the industries of the ‘industrializing industries’ strategy, successfully countered the impact of this demographic growth. However, it could only do so as long as the economy was growing fast enough to absorb new labour resources, or while emigration was a viable alternative route.

The resumption of this conflict has resulted in over six hundred deaths since the beginning of 2002. 11 On the economic front, the immediate consequences of 11 September 2001 have been to exacerbate the tendencies to crisis that were already manifest in the world economy. This has led to the sharp fall of many of the world’s stock exchanges and the collapse of a number of major global corporations such as Enron and Worldcom, as well as France’s Vivendi Universal. The impact of this new tendency to crisis has to be taken into account in considering both the immediate future of the Algerian economy and the opportunities for a political resolution of its conflicts.

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Algeria in Transition: Reforms and Development Prospects by Ahmed Aghrout, Redha. M Bougherira, Professor John Keiger


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