Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
It has been five years since Egypt and Tunisia underwent regime change, and both countries are still suffering from low economic growth, large fiscal deficits, high unemployment and rising public debts. Having failed to institute reforms on their own, both have turned to the International Monetary Fund, which entered into an arrangement with Tunisia in 2013 and has just approved a $12 billion loan program for Egypt – the country's first since 1991, and the largest ever for a Middle Eastern country.Tunisia has embraced political inclusion, and could soon find itself back on the path toward healthy economic growth, while Egypt's closing society positions its economy for a downward spiral.In Egypt, subsidies were still above 10 percent of GDP in mid-2016, suggesting a return to the old authoritarian bargain whereby citizens abstain from political participation in exchange for government economic support.Over time, this frustration will probably help Tunisia's economy, while hurting Egypt's.
Sudan’s chance for democracy
The Arab Spring and the Western winter
The silent Arab majority must speak up now
FOLLOW THIS ARTICLE