Economic Reform Measures In The Mena Region Have Thus Far Failed To Address Key Structural Problem Of These Countries-heavy Reliance On Oil And Oil-related Revenues.discuss

The other school of thought is of the opinion that authoritarian governments ar better placed to implement effective frugal diminish than democracies . With this kind of clash it will take some limit before both economical re learns and political reforms takes effectExcuse of skirmish and transparent argument in IraqMany policy makers in MENA countries take the current conflict between Israel and Palestine and the occupation of Iraq as grounds to bow inseparable economic reform . They argue that the main reason they tush t facilitate an economic reform downstairs such a situation is that it has the risk of giving rise to utmost(prenominal) political instability . While such a claim mogul hold some water , it cannot be taken as a blanket excuse of carrying forward economic reform . On the other hand , although the c onflict whitethorn be important for Iraq , Palestine and Lebanon , what excuse do the regional politically stable countries like Egypt and Jordan have ?Lack of fitted privatization of firmsThe softness of MENA governments to embrace and make privatization of state owned firms easier peculiarly the under performing ones has resulted in lack of sufficiency to privatise the firms .

Privatization of firms in these countries is very difficult due to the long and obtuse processes baffling some of which are step up date . Privatization of firms is one mood of the government to ensure that underperforming firms become cultivat able with the government in any case earnin! g money from the trade of these companies . For instance , in a train of newly privatized firms in the MENA countries it found that there were subsequent increases in profits and operate efficiency following their privatization (Wilson , 1998Sufficient oil militia to cushion the rival of economic stagnationOne of the factors that are preventing most MENA countries from carrying out major economic reforms is their self sufficiency...If you want to get a full essay, run it on our website: OrderCustomPaper.com

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