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Unemployment in the post-revolutionary Arab world*
Ali Kadri 1,2 [Middle East Institute. National University of Singapore]
Copyright: Ali Kadri, 2012
You may post comments on this paper at
http://rwer.wordpress.com/2012/03/12/rwer-issue-59/
Abstract
For more than a decade prior to the uprisings of 2011, the official
unemployment rate in the Arab region was among the highest globally and
around half the Arab population subsisted on less than two dollars a
day. When unemployment is measured by imputing a minimum
historically-determined level of subsistence into it, the effective
unemployment rate would rise to nearly fifty percent. Armed with
neoliberal ideology, the Western-backed comprador class squandered
resources either by expropriating the working population or by
surrendering them to capital at prices that were set by a global power
structure from which working people in the Arab world were excluded. In
this essay, I argue that the retention of resources and their
redeployment within the national economy are indispensable conditions
for development and job creation. Employment policies are best set
subject to social efficiency criteria distinct from the salient
neoclassical productivity ones.
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