During the past year, the Arab world has gone through historic transformations. On top of the mounting death toll, the uprisings have engendered significant economic costs.
A year later, the euphoria of overnight democratic change has given way to the more pragmatic challenges of transition. Much emphasis has been placed on the political aspect of these popular revolts, and while this facet is undoubtedly of utmost importance, one should be mindful that these uprisings have also brought economic, financial and social problems yet again to the forefront.
These dimensions had a central role in triggering the desire for democratic change across the region and will help to determine the sustainability of this new Arab order.
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