February 25, 2012
A MENA Econ Analysis to come back to
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Is it just me or is it a little too polite?
"Monolithic systems are designed to preserve harmony than to induce change."
I could accept that statement more talking about China, if one is to interpret harmony as social order and stability, but in many (most?) Arab countries, "harmony" really means the continued wealth and power of one long-ruling, usually despotic, family.
Saudi's extremely obstructive role in inter-GCC transport initiatives also seemed skimmed over far too politely.
It's also interesting that they mention the slave trade and Africa. Because the legacy of slavery, continuing into modern day indentured labour and effectively indentured migrant labour, and the perceptions of racial superiority/inferiority that it has created, is surely another significant issue in the Arab world: an obstacle to business and trade.
Posted by: secretdubai at February 29, 2012 10:50 PM
Hey, glad to see you again.
Still there btw? I may be back over shortly.
Else, well, it is an academic analysis. One does tend to write things more politely than I would.
I do need to get back to this, it is useful to comment on.
I am, however, submerged in a wee business crisis.
Posted by: The Lounsbury at March 7, 2012 01:42 PM
Haven't read the article, will do, but commenting on this previous entry on related topic where comments are disabled: http://www.aqoul.com/archives/2012/02/arab_entreprene.php
In Tunisia, in a high unemployment economy, government jobs offer security (French model).
On the entrepreneurship side, once the model is proven to work, then it should be less than an issue. 1.5 million Tunisians are self-employed btw.
A very recent Harvard study identified the low appropriability of returns as one of the major barriers. Before the revolution, it *was* crony capitalism, as materialized by the risk of rent-seeking expropriations. Perceptions haven't totally changed of course. After the revolution, the chaotic strikes (French model again), the weak legal/political/economic environment do as a barrier to higher appropriability - or at least the perception of it.