In a July 28, 2017 interview by FRANCE24 TV, Paris of Dr Abderrahmane Mebtoul and in answer to whether the return to a State economy with the recent imposition of import licenses, the Algerian Government by introducing these import licenses for a number of goods and services to limit transfers of currency in this period of fiscal pressures has any meaning. Always concerned by the informal economy vs. economic development in Algeria, Dr A. Mebtoul’s answer was: To avoid misinterpretation, the program of the new Prime Minister is part of the guidance of his Excellency Mr. the President of the Republic. It is not guided by any administrative management style of the 1970s now in 2017 but merely a procedural strategy that cannot be assimilated to the old licenses of import of the 1970s and1980s. According to several official releases from the Algerian Government, taken over by the Agency Press Service, Algeria will comply with international trade rules that include quantitative restrictions when a country of balance of payment is facing some difficult conjecture.
Algeria was ranked 108th out of 127 in June 2017 in the Global Innovation Index, a global ranking of countries according to their abilities and results of economic innovation as published annually by Cornell University, the INSEAD and the UN’s World Intellectual Organization Property (WIPO). The Fourth Industrial Revolution (4FIR) is on us; this will be based on the generalised Knowledge and Technology Transfer throughout all endeavours. We should therefore not forget that the world is not waiting for Algeria to get on the band wagon. This country is not isolated and its assessment from either the above GII 2017 as from official data shows the limits of the administratively bureaucratic approach that lead to that ranking.
This brief analysis is a synthesis, of Volume VI of the multidisciplinary audit, submitted to the Government in January 03, 2013.
Gallup, the American public-opinion analyst, of November 15th, 2016 run an article on the ‘State of the Union’ after the Election of Donald Trump a week ago. The exercise was conducted as it were bottom up and its conclusive assertions could this time be taken at face value.
In our humble opinion, we believe that this would be of great interest for many of our MENA readers. So, without further ado, here it is reproduced here below.
Now, much more important, what will DT do from now on. The main concerns of all are the various controversial claims and beliefs to which the President elected believe. Throughout his campaign, Donald Trump has made several statements a bit disturbing and that seemed to hint at what policies it will pick up when he enters the White House. Needless to say that each of these ISSUES will have large-scale repercussions not only on the US economy but on the global. Here are five that will affect us the most.
Pacific rim inter-nations trade(s)
Made in China vs. Made in USA
The key challenge of Algeria’s between 2016 and 2030 will be, and taking consideration of the recent world mutations, to put in place a diversified economy, that is less dependent on hydrocarbons. This is largely conditioned by a renewed governance model. Before the important geo-strategic global changes, Algeria’s future challenge would be of only two types of scenarios, which are whether to continue along the current path and go right back to the IMF between 2018 and 2019, or proceed with the long awaited structural reforms.
What path of development for the 2016 to 2030 Algeria ?
I would like to thank Mr Prime Minister for extending his kind invitation to me as an independent expert, to the Tripartite meeting of June 5th, 2016, where in its final resolution, it adopted the proposal of a follow-up Committee that I had already suggested back in November 2014 and which I recently renewed prior to the start of the tripartite. Algeria, Facing the fourth industrial revolution, and how to cope with its imminent upcoming, and during the meeting, the Prime Minister had a discourse of truth, avoiding both the free pessimism, as well as being lulled into complacency, reiterated that the country has, though subject to certain strict conditions, all potentialities out of the crisis.
Representatives to discuss tax on expat remittances . . . Arab News 2016 reported that the Consultative (Shoura) Council of Saudi Arabia was expected to have a discussion last Sunday on a proposed tax on expatriate remittances. The proposal from the Council’s finance committee had been drafted by a member of the committee, according to the […]
Sultan Al Qassemi published on 8 February 2016 a piece in the Middle East Institute website. The author argues that introduction on new taxation laws will have unpredictable effects on Gulf societies