Economic Growth After the Arab Spring
Though Egypt, Jordan, Morocco, and Tunisia have achieved reasonable levels of political stability since the Arab Spring uprisings began five years ago, economic growth remains tepid. Given the region’s large catch-up potential and young workforces, one must ask why this is so.
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CAMBRIDGE – Five years after the Arab Spring uprisings began, Egypt, Jordan, Morocco, and Tunisia have achieved reasonable levels of political stability. Yet economic growth remains tepid, and the International Monetary Fund does not expect the pace of expansion to exceed 1.5% per capita this year. Given the region’s large catch-up potential and young workforces, one must ask why this is so.