Rethinking the State’s Role in Arab Economies
The Arab world's state-led development model may be set to reach a breaking point, as hundreds of millions of young people prepare to enter the labor market in the coming decades. With the public sector unlikely to be able to absorb these new workers, there is an urgent need to create a dynamic and competitive private sector.
https://prosyn.org/CWRDH95
WASHINGTON, DC – The Arab world has a long tradition of commerce and enterprise. Yet, since achieving independence, many Arab countries have adopted state-led development models that have left their economies overly reliant on the government. This is unsustainable.