For the past three years, the global economy has known a severe recession triggered by the financial meltdown and the collapse of the commercial and industrial activity in the world. This slowdown weighed its effects on the growth of economies worldwide. Algeria, which is not fully integrated into the international economy, is facing or will probably face some indirect effects of this crisis, but in a way less severe than in Europe; The payment of the debt by anticipation, the constitution of a reserve fund and, above all, the high volatility of oil’s prices have allowed Algeria, in the short term, to avoid a catastrophic scenario which could destroy the country. Algeria has all the material and human potential to be a pivotal country for development in the Euro-Mediterranean and the Arab-African areas. Unfortunately, Algeria is a country that depends on 96% of oil revenues. This uncertain business which is hostage of many externalities, can collapse at any time and drive the whole county into a total chaos. The lack of diversification in the Algerian’s economy is making its future uncertain and its standard of living receding. Despite the severity of its effects and the extent of its damages, this crisis can be an opportunity for Algeria to question the supremacy of its economy. It presents the opportunity to straighten out the economy by the execution of profound structural changes which would generate real effects on the economy and on the employment in the long term, and to rethink a model of development for a successful and real transition to the market economy; build a growth which is released from the dependency to hydrocarbons and from the volatility of their prices to finally erase political system based hitherto e... ... middle of paper ... ...ple where a young man never studied, doesn’t have any skills and depends on his parents, when he loses them; he ends up with no possibilities to make a living and realizes that he did invest his youth for his future. The Algerian’s economy is extremely weakened by the annuitant status. This vulnerability is the concatenation of the low diversification of the economy, but also stagnation and decline. Revenues from oil revenues are sufficient to keep it in a static state. Stagnation triumph without sharing. Other economic sectors without clear policies and strategies without defined. Economic actors are paralyzed by invisibility or absence of long-term programs, their inconsistency and lack of planning and vision for the future. The State seems more than ever a follower of the annuity, however, contrary to productive investment and any economic viability
The story describes the protagonist who is coming of age as torn between the two worlds which he loves equally, represented by his mother and his father. He is now mature and is reflecting on his life and the difficulty of his childhood as a fisherman. Despite becoming a university professor and achieving his father’s dream, he feels lonely and regretful since, “No one waits at the base of the stairs and no boat rides restlessly in the waters of the pier” (MacLeod 261). Like his father, the narrator thinks about what his life could have been like if he had chosen another path. Now, with the wisdom and experience that comes from aging and the passing of time, he is trying to make sense of his own life and accept that he could not please everyone. The turmoil in his mind makes the narrator say, “I wished that the two things I loved so dearly did not exclude each other in a manner that was so blunt and too clear” (MacLeod 273). Once a decision is made, it is sometimes better to leave the past and focus on the present and future. The memories of the narrator’s family, the boat and the rural community in which he spent the beginning of his life made the narrator the person who he is today, but it is just a part of him, and should not consume his present.
2012 “Has oil wealth been a blessing or a curse for the Middle East?”. Akerue.net. Ben West. Web. 27
There are still issues with the post-Gaddafi Libya however there are numerous ways of fixing these problems. The main problems that need to be fixed are the security sector and the private sector. In order to fix the security sector, the government needs to employ the National Guard to h...
Iraq’s economic system was crippled by the Iran and Iraq War, the Persian Gulf War and the UN embargo. The country has yet to recover from its 1980 levels when Iraq was the second largest economy is the Arab world (Khadduri,
Haiti is one of the poorest countries in the world. Agriculture is one of the incomes of the population. However, everything changes after the 2010 earthquake. The losses caused by the quake were between 8 billons and 14 billons dollars (Haiti earthquake). Joblessness, the lack of Foodland, the lack of clean water, further affected the economy because people chose to emigrate to other places for work such as the Dominican Republic (Haiti earthquake). Furthermore, “Haiti was a Republic of non-governmental organization to become a Republic of unemployment,” and in order to accomplish an economical growth Haiti needs the investment of companies that can help many of the people find jobs. Companies such Royal Oasis, are creating hundreds of jobs for many Haitians. Thayer Watkins, an economics teacher at San Jose State University, provides his review in his analysis of the Political and Economic History of Haiti, which states more than 80 percent of th...
An unstable economy in some Arab countries resulted in a failure to maintain order and democracy. Brownlee, Masoud and Reynolds (2013) claim that the lack of oil resources and currency wealth proved to be impediments i...
It is thought-provoking, in the sense that Africa’s need for foreign created a race to the bottom, much like what Pietra Rivoli described in The Travels of a T-Shirt in the Global Economy. Due to some African states’ reliance on foreign aid in order to mine and profit on their resources, they allow business standards to be lowered and for Chinese firms to tip the contracts moresoever in the favor of Chinese firms. This lowers the potential earnings of African states by lowering royalty rates, for example. Additionally, Burgis’ research was thorough and transparent. When he did not receive a response or if his questions were dodged, he made it obvious to the readers. Sure, some could view this book as too anecdotal to be used as a credible source of Africa’s situation. However, this is due to the nature of the system Burgis is writing about; after all, they are shadow states for a reason. Some readers will be saddened by this text, others angry, most curious to learn more, but above all, everyone will be intellectually stimulated and
The Dictionary of the Accademia della Crusca, dating from 16th century Italy, defines grace as "belleza... che rapisce altrui ad amore." Grace is beauty which seduces one unto love. Grace is the prayer before nourishment, it is the passing of power through blood, it is a classical muse, it is a verb, it is liberation, it is a head-ransom, it is a gazelle, it is simplicity, it is complexity, it is sanctifying, it is controversial, it is desired, it is metrical, it is ubiquitous, it is rare, it is actual. "Grace is in all, yet beyond all," quotes a medieval anchoress. According to Castiglione, grace springs from "that virtue opposite to affectation," as an unconscious extension of a certain je ne sais quoi within the soul. Grace is the nature of language, of number, of beat, of silence. Grace is pervasively elusive.
The author exposes how the American and Arabs cultures met and interacted. It is clear that the Arab people did not comprehend the changes they would face. Furthermore, the Americans had to adapt but somehow still overcome religion and tradition. Consequently, the beginning of the oil era brought financial wealth but for the greater part brought painful changes to Arab societies. It is difficult to understand how oil wealth did not completely modernize the Middle East for a greater good. Instead we know about the real situation in both the novel and the real Arab culture and how oil money paired with retroactive empires, old religious beliefs and self-absorbed Western governments took over.
As their journeys progress, each man is forced to overcome certain obstacles and hardships. At the end
In those countries that have not experienced government upheaval, a common outcome of the Arab Spring has been sustained civil unrest, political instability, and the extension of political and economic concessions by leaders seeking to appease protesters. Many questions could arise as one contemplated those events. One of these questions would be: Why has the Arab Spring produced different results across the Middle East? This paper is a humble attempt to suggest some answers to this sort of these logical questions.
As the Arab Spring enters its second year, major uprisings and revolts have occurred all over the Middle East, pushing for an end to the corrupt autocratic rule and an expansion of civil liberties and political rights. Most recently, images from Syria have emerged, depicting the government’s use of force to suppress the voice of its people. One might ask, “Is this the beginning of a revolution? Is the country on the path to democracy?” To assess this question and examine the future trends in the region, one must look back on the country’s somewhat tumultuous history, the relationship between the citizens and the state, and the political economy.
The measure of petroleum abundance and production in Nigeria is measured by the United States. According to the statistical data and the U.S. measures, Nigeria reserves make the country the tenth petroleum-richest nation, and by far, one of the most affluent countries in Africa. In the middle of 2001 its crude oil production was averaging around 2.2 million barrels per day. Though, there is a very prominent market for offshore rigs, nearly all of Nigeria’s primary reserves are in and around the delta of the Niger river. Ever since Nigeria became independent, it is one of the few oil producing countries that can increase its oil output drastically. The g...
Grace In order to completely understand the theology of grace. you have to take a look at Augustine, Aquinas, Luther. Rahner, Segundo, and Boff, and how they understood what. grace was.
For our Economics subject, we watched The Pursuit of Happyness, a movie based on Chris Gardner, a salesman who was not making that much money and eventually experiences homelessness with his five-year old son. He faces problems when his wife is unwilling to accept his goal to become a stockbroker and leaves him. However, he perseveres even under all this stress.