Economic Transition in Algeria: A Review

The issue of economic transition in Algeria was reviewed in this paper. The actions taken by the government to speed up the transition process were examined in light of whether the State was able to move away from protecting old premises of the rentier state and establish a free and productive econo...

Full description

Saved in:
Bibliographic Details
Published in:Kuwait chapter of Arabian journal of business & management review 2019-08, Vol.8 (2), p.16-29
Main Author: Nouibat , Abdelkader
Format: Article
Language:English
Subjects:
Agriculture
ALGERIA
Cooperation
Economic conditions
Economic development
ECONOMIC GROWTH
ECONOMIC PLANNING
ECONOMIC REFORM
Employment
Five year plans
GDP
Gross Domestic Product
Hydrocarbons
Industrial development
International trade
Market economies
MARKET ECONOMY
Petroleum industry
Planning
Private sector
Privatization
Value added
إقتصاد السوق
الإصلاح الإقتصادي
التخطيط الإقتصادي
الجزائر
النمو الإقتصادي
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The issue of economic transition in Algeria was reviewed in this paper. The actions taken by the government to speed up the transition process were examined in light of whether the State was able to move away from protecting old premises of the rentier state and establish a free and productive economic system. The review revealed the contradictions that the planning system of the 1970s had produced and how they eventually led to a transitional crisis. The other finding was that the effectiveness of the transitional institutions, laws, mechanisms, and the dynamism of country's external trade sector were undermined by the inconsistencies of contradictory and often overlapping privatization schemes, the predatory nature of the private sector, and the country's imbalanced external trade and finance. And last, but not least, the national natural resources doctrine sustained the mechanisms of the rentier state and became an obstacle to easing up the economic transitional process.
ISSN:2224-8358
2224-8358
DOI:10.12816/0055332