North Africa: Economic Development and Processes of Modernization

 
PIIS032150750004379-8-1
DOI10.31857/S032150750004379-8
Publication type Article
Status Published
Authors
Affiliation: Institute for African Studies, Russian Academy of Sciences
Affiliation: Institute for African Studies, Russian Academy of Sciences
Journal nameAsia and Africa Today
EditionIssue 4
Pages24-29
Abstract

The work analyses the ties of key trends of economic development of the North African countries with modernization and globalization processes. The state of national economies, progress and results of market reforms define the course, opportunities and limits of modernization processes in social and political life of the North African countries. The crisis that developed in the North African countries at the turn of decades had complex nature which points directly at relevant demand in progressive reforming of key social areas. Nearly all countries of North Africa in the short and medium-term perspective will feel the consequences of relatively low or modest growth rates of the periods of the political upheavals of 2010s. The unfinished political modernization keeps inhibiting various processes of economic upgrade. First of all this inhibition affects forming of sustainable foundations for the modern market economy – creative businessmen of large, medium and small scale, sustainable independent court procedures in economics which would conform both to the international law and the conventional practices of governing the investment law. Closer analysis of industrial structure of each North African country reveals that in the next five years the leading role in development of the North African region will belong to tourism, trade of goods and service (including telecom, computer and media services), as well as to production and processing of hydrocarbons. The state supports the most perspective fields, by upgrading investment legislation, promoting dynamic formation of profile companies and firms using both domestic and foreign capital.

 

KeywordsNorth Africa, world economy, processes of modernization, globalization, Arab spring, development
Publication date29.04.2019
Number of characters23122
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 2, views: 1867

Readers community rating: votes 0

1. UNCTADStat. 2016 – http://unctadstat.unctad.org/wds/TableViewer/tableView.aspx14 (accessed 14.05.2018)

2. TRADE MAP. Trade Statistics for International Business Development – http://www.trademap.org/Country_SelService_TS.aspx?nvpm=1 ||7|||||S00|1|3|1|2|2|1|3|1|1 (accessed 17.05.2018)

3. TRADE MAP. Trade Statistics for International Business Development – http://www.trademap.org/Country_SelService_TS.aspx?nvpm=1 ||7|||||S04|1|3|1|2|2|1|3|1|1 (accessed 18.05.2018)

4. World Economic Forum. The Global Information Technology Report 2016. Innovating in the Digital Economy - https://www.wsj.com/public/resources/documents/GITR2016.pdf (accessed 18.05.2018)

5. The World Bank. World Bank Group. Price level ratio of PPP – https://data.worldbank.org/indicator/PA.NUS.PPPC.RF (accessed 21.05.2018)

6. Kurs egipetskogo funta k dollaru SShA – http://ikurs.org/EGP-USD.html (accessed 21.05.2018)

7. World Trade Organization Country Profile – http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Language=E&Country=DZ%2cEG%2cLY%2cMA%2cTN (accessed 23.05.2018)

8. WITS. World Integrated Trade Solution – http://wits.worldbank.org/CountryProfile/en/LBY (accessed 23.05.2018)

9. National Oil Corporation – https://noc.ly/index.php/en/companies-2 (accessed 25.05.2018)

10. Ministerstvo ehkonomicheskogo razvitiya Rossijskoj Federatsii. Portal Vneshneehkonomicheskoj informatsii - http://www.ved.gov.ru/exportcountries/economics_review/ (accessed 25.05.2018)

11. International Trade Center. Investment Map – www.investmentmap.org/prioritySector.aspx (accessed 25.05.2018)

12. UNCTAD. Report on the Imlementation of the Investment Policy Review. Egypt – http:// unctad.org/en/docs/iteipc20061_en.pdf (accessed 28.05.2018)

13. UNCTAD. Investment PolicyHub – http://investmentpolicyhub.unctad.org/IIA/IiasByCountry#footnote (accessed 28.05.2018)

14. The World Bank. Net Migration – https://data.worldbank.org/indicator/SM.POP.NETM?view=chart (accessed 29.05.2018)

15. The World Bank. Personal remittances – https://data.worldbank.org/ indicator/ BX.TRF.PWKR.CD.DT?view=chart (accessed 31.05.2018)

Система Orphus

Loading...
Up