Montreal, Quebec, April 14, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Few of the revolts shaking the Arab world look likely to produce democratic governments in the near term. But even those states with the best chance of improving politically are facing a daunting economic challenge: Can new Arab democracies deliver the economic goods – in time?
Most of the Arab rebellions – in Libya, Syria, Yemen, and Bahrain – have deteriorated into civil war, or regime-led violence. But the two countries with the best shot at democracy – Tunisia and Egypt – are paying a steep economic price for their upheavals. Tourism is down, labor unrest is up, investors are scared – even as the jasmine revolutions raise popular expectations of better lives.
Tunisian Minister of Finance Jaloul Ayed worried out loud – at the 2011 U.S.-Islamic Forum this week in Washington – that Arab revolutions would stall “if democracy doesn’t translate soon into well-being.
“Mohammed Bouazizi didn’t kill himself because he didn’t have democracy,” said Ayed, referring to the 26-year-old Tunisian who set himself on fire after police seized his vegetable cart – and sparked the Arab Spring. “He killed himself because he sought dignity and a job.”
Indeed, dignity appeared to be Bouazizi’s primary concern. He had no recourse against police who stole his goods and humiliated him in public. But he was one of legions of young Arabs – in a region where 65 percent of the population is under 30 – who are unemployed, or can do little better than sell vegetables on the street.
In the broader region, those gulf countries with oil wealth, and even those with minimum oil, such as Syria, are trying to “buy” peace, with wage increases and new projects. This may or may not work politically, and it certainly won’t help their macroeconomic position.
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Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
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