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Non-hydrocarbons GDP growth has also been robust in recent years and is expected to rise to 4.25% in 2014 on the back of higher industrial output. Most production and investment is still driven by the public sector, but efforts to extend credit to the private sector and support business creation are beginning to show positive results. Algeria’s economic fundamentals remain strong compared to both the broader Maghreb and European markets. Solid financial reserves and rising domestic demand will help it to ride out commodity price volatility in the short term.
The focus of this report is Algeria, a country in North Africa that is increasingly important for U.S. efforts to counter international terrorism as a key partner in the fight against Al Qaeda linked groups. As an energy producer, it also is a significant source of natural gas for the United States and not a major recipient of U.S. aid. Contents of this report: Government and Politics; Terrorism; Counterterrorism; Human Rights; Economy; Foreign Affairs: Morocco; France; European Union; The United States. Map and table. This is a print on demand edition of an important, hard-to-find report.
Considerable oil and gas revenues have provided the Algerian government with sufficient funds to embark on generous public spending programmes in nearly all sectors, leading to improvements in many of the country’s headline indicators. Although hydrocarbons are likely to remain the backbone of the economy for the foreseeable future, with significant state involvement, efforts are being made to diversify the economy and support private sector growth. Since the country gained independence more than 50 years ago, Algeria’s economy has evolved significantly, with oil and gas production reinforcing high levels of state spending. Algeria has been following something of a contrary approach to much of the rest of the world over the past few years. Even as the global economy has struggled, Algeria has continued to sail along fairly smoothly. It has not seen the vertiginous growth rates of emerging markets elsewhere in the Middle East and Africa, but it has seen a steady increase in activity and, through prudential management, has built up its financial reserves to great effect. While the state maintains a heavy presence in the market, the 38m-person country’s fundamentals are very robust, and the capital expenditures and policy reforms being taken to help address its weaknesses offer significant scope for even higher growth in the years to come.
This book addresses issues surrounding the evolution of the Arab Spring in North Africa. After a general introduction and explanation of the events on a region-wide basis, it turns to examine aspects of each of the countries concerned. The role of the Muslim Brotherhood during the Nasser regime and in the contemporary situation is compared, together with an analysis of the emergence of new political parties in Egypt. The book analyses the links between social media and satellite television during the revolution in Egypt. This is followed by a study of the intellectual and cultural background to the Tunisian revolution and an analysis of the new political parties in Tunisia. It also looks at the revolution process in Libya and concludes with a study of why there was no revolution in Algeria and how the Moroccan monarchy was able to sideline those who challenged it at the price of constitutional changes that are essentially cosmetic. This book was originally published as a special issue of The Journal of North African Studies.
Algeria is a country rich in history and situated in a strategically important region. While its past has at times been turbulent, the last decade has been one of relative peace. Economic growth and development has followed, driven primarily by advances in the hydrocarbons sector. The fall in the international price of oil since mid-2014, however, is having a substantial economic impact, in particular on the country’s trade balance and government finances. On the positive side though, the drop in prices is accelerating efforts to further diversify the economy, pushing the government to open up the country to greater private and foreign investment in order to provide alternatives to state spending, in part through measures to render the rigid investment environment more attractive.
The Minerals Yearbook is an annual publication that reviews the mineral and material industries of the United States and foreign countries. The Yearbook contains statistical data on materials and minerals and includes information on economic and technical trends and development. The Minerals Yearbook includes chapters on approximately 90 commodities and over 175 countries. This volume of the Minerals Yearbook provides an annual review of mineral production and trade and of mineral-related government and industry developments in more than 175 foreign countries. Each report includes sections on government policies and programs, environmental issues, trade and production data, industry structure and ownership, commodity sector developments, infrastructure, and a summary outlook.
With Tunisia’s young population and well-maintained infrastructure, there is the opportunity for strong economic development. The establishment of democratic rule in the country should also be a major boon in terms of creating a positive business environment characterized by the strong rule of law. Tunisia has a deserved reputation for stability and moderation, and while the political dialogue will undoubtedly be trying and the security environment a challenge, recent months have shown the propensity of key actors to focus on consensual policies – which bodes well for Tunisia’s long-term outlook.