Monday, 24 October 2011

Private sector reforms can cure Arab joblessness - The National

"When Tunisians and Egyptians flooded the streets of their capitals earlier this year, the explanations behind the protests were nearly as numerous as the people. Corruption and fossilised regimes were part of the equation. But the principal factor for the unrest, many said, was persistent and crippling unemployment.

"Jobs, jobs, jobs," Dominique Strauss-Kahn, the former IMF director, said about the Arab revolutions in April. "If you have a recovery in terms of macroeconomic figures that doesn't translate in any way to jobs … the people don't feel any change in their situation."

As new governments look to move beyond uprisings and address their people's long-standing grievances, one question needs an immediate answer: where will the jobs come from?

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