State dominates regional economies

Gavin, James
August 2012
MEED: Middle East Economic Digest;8/31/2012, Vol. 56 Issue 35, p18
Trade Publication
The article focuses on increased government spending by Arabian governments in response to the Arab Spring protests in 2011 and the need for economic and labor reforms. It states the root cause of social problems in the Middle East is high youth unemployment and talks about an International Monetary Fund report estimating the rate of youth unemployment in 2012 at 25 percent. It mentions the practice of governments to subsidize commodities and how this fails to stimulate the private sector.


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