Monday, March 25, 2013

The Uprising in Arab League

Colonial Exploitation, Chronic Under-Development and Kleptocracy are few words which explains The Surge in The Uprising and Eventual change in Power Equations in few members of The Arab League: Egypt, Jordan, Tunisia and Yemen. B&E analyses The Economic Dynamics of The Unrest against The Brutal and Corrupt Police state

Economy Key to Protests

2011 has set the stage rolling for a revolutionary change in parts of the Arab League. Cutting across the borders, the broad contours for the uprise however remains the same. If it was the dramatic increase in cost of living coupled with acquisition of corruption among the ruling elite that rocked the streets of Tunis and Cairo’s Tahrir Square; it was the failure of President Ali Abdullah Saleh to revive the economy of Yemen that initiated protests seeking his resignation. As far as Jordan is concerned, the pivotal reasons were unemployment, rising prices and the right to elect the prime minister. Given its revenue from Suez Canal, oil exports and tourism the Egyptian economy is comparatively better than its counterparts but ironically 20% of its population live below the poverty line.

Unemployment - The Catalyst

The Arab Economic Summit aptly summed up the reason for the Tunisian uprising, which finally culminated in Zine El Abidine stepping down and fleeing his own country after 23 years of misrule. It cited the long standing economic woes ranging from poverty, unemployment and recession as the main reasons, which fuelled unprecedented anger and frustration among citizens. Estimates from the Cairo-based Arab Labour Organisation suggests that the number of unemployed people in the region has exceeded 20 million and given the end of the second oil boom (between 2002 and 2008) and the lack of socio-economic developments the number could increase to 100 million by 2020. Also, the per capita income of the region has come down to $5,159 from $6,002.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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