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Slow Death.(economics Middle East)(Statistical Data Included)
Newsweek International
|
October 07, 2002 |
Glain, Stephen |
COPYRIGHT 2002 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
One of the most potent threats to Middle East stability doesn't come in a canister or chemical-weapons factory. It wasn't hatched by militant Islamists inside madrasas or sleeper cells. It is largely ignored by diplomats and heads of state, yet it figures more prominently among Arab concerns than America's war on terror. And toppling Saddam Hussein can't possibly solve the problem. It is chronic illiquidity--the main source of rising unemployment and stagnant economies in the Arab world. The problem is not merely weak revenue, but a lack of modern banks and financial tools to lure cash out of burgeoning black markets and into the faltering daylight economy.
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Source: HighBeam Research, Slow Death.(economics Middle East)(Statistical Data Included)