The Arab Awakening: Determinants and Economic Consequences
Economist Zubair Iqbal explains the daunting economic challenges facing Arab countries in transition following the Arab Awakening and the different trajectories stemming from those nations’ policy responses. Tunisia and Egypt provide an instructive case study: the former made hard fiscal decisions and has embraced sound economic principles and achieved broad support for a reform plan, while the latter, suffering from more difficult political conditions, has been faced with limited policy options that increase the risk for long-term challenges.