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Economic Challenges and Reforms in Tunisia Essay Example

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Economic Challenges and Reforms in Tunisia

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Economic Challenges and Reforms in Tunisia. This led to a dismissal of his government in January 2011, and the country was thrown into a sudden descent. The new government faced immediate challenges regarding the economic and financial crisis. It faced the challenge of encouraging and boosting up the confidence of foreign and domestic investors, bring the budget and the current account deficit under regulation, improve the financial system of the country, lower the rising unemployment and reduce the financial dissimilarity between the various regions within the country. The IMF in its report indicated that Tunisia could stabilize its economy within next four or five years, provided that the economic policies and reforms planned by the authorities are run smoothly and they bear good fruits.

Tunisia has initiated many structural reforms related to its economy in the last twenty years. These reforms were primarily aimed at improving the business atmosphere and making the economy more competitive. But the corruption, dishonesty, exploitation of rights, manipulation, bribery, frauds, etc. harmed the country’s growth. The young generation became insecure and uncertain about their future. The unrest in the society led to the vast scale protest against the government of President Ben Ali, who was blamed to be the responsible person. He was ultimately thrown off his seat and the country was liberated from years of dictatorship and autocracy.
The country was governed by a single man, a dictator, an autocrat, President Zine El Abidine Ben Ali. He was the in charge of one party state where he has been a categorical leader administrating for several decades. He was a ruler who seizes whatever he wishes for and never considers the desire of the people he governs. Ben Ali and his associates were extremely corrupt that people never thought of investing in the state and this idea was so abhorrent that the businessman and women living in the state never thought so because investing in Tunisia was like investing in a black hole. Economic Challenges and Reforms in Tunisia.

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Works Cited

EPub. Tunisia: Selected Issues. 2007.

Raḍwan Muḥammad, Samir. Jamal, Vali. Kumar Ghos, Ajit. Tunisia: rural labour and structural transformation. 1991.

Stone, Jack. McCraw, Joe. Unemployment: The Shocking Truth of Its Causes, Its Outrageous Consequences and what can be done about it. 2007.

Tunisia. U.S department of State, Diplomacy in action. February 22, 2012. <http://www.state.gov/r/pa/ei/bgn/5439.htm>

White, Gregory. A comparative political economy of Tunisia and Morocco: on the outside of Europe looking in. 2001.

 

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