Saturday, August 20, 2005

economic reform in North Africa

Just read an interesting article on economic reform in North African states. It seems pretty obvious that we will wait a very long time before reforms come from inside. Reforms WILL come eventually, because the powerful want (a) survival, (b) wealth, (c) friends, and but it will be VERY slow in coming.

It's the same old story. The powerful grab the resources. Land rent would attack the problem right at the core, rather than throwing money at the edges and hoping.

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