Can the private sector save Gulf monarchies?:
"The survival (or not) of Arab Gulf regimes is likely to hinge on their ability (or not) to provide jobs for vast numbers of young people who are due to enter the labour market over the next few years.
Historically, these regimes have sought to buy people's quiescence by creating well-paid but undemanding and often unnecessary jobs in the public sector – but they now recognise that this is not sustainable and are looking instead towards the private sector to create the jobs that will stave off revolution.
Pinning so many hopes on the private sector may be unwise, though, judging by a new research paper by Steffen Hertog of the London School of Economics. Hertog looks in some detail at the state of the private sector in the GCC countries and makes a number of points that ought to worry their regimes."
'via Blog this'
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