What Is The Consequences Of The Tunisian Economy?

“No nation was ever ruined by trade.” This quote was said by Benjamin Franklin in the late 1700s. These words are so simple, and it seems like anyone could have said them. However, this quote has a bigger meaning in that throughout world history, trade has been so important to so many countries and it has led to many empires successes. It has occurred for a very long time, and it has progressed dramatically. Trade has changed a lot, but some parts of trade stayed the same over a long periods of time. In the era between 300 CE and 1450 CE, trade between Eurasia and Africa changed because the empires and kingdoms in power were replaced and their control over trade differed;

To the untrained individual assessing the strength of economy, should be as simple as looking at the national debt and looking at the dollar amount in circulation. However, looking at such figures

1. The country of Tunisia sits atop the northernmost point in Africa, surrounded by Algeria to the west, Libya to the east, and the Mediterranean Sea and Europe to the north. It has occupied this territory since its foundation under the Ottoman empire.1 Since then its rulership has transitioned from regime to regime; each with a history of civil war and corruption.2 The most recent of these ended in revolution in 2011, when Tunisia overthrew its dictator, and established a new constitution and elected government.3 Today it is the only democracy in the Arab world.4 This outcome was internationally championed as a success story, evident by the 2015 Nobel peace prize awarded to the union leaders, lawyers, and human rights activists who facilitated the dialogue between politicians and the workforce for the construction of a new democratic system.5 However, the same economic problems of the previous regime still remain and threaten the political stability that many of Tunisia’s allies, including the United States of America (U.S.), hope to see.6 This paper explores Tunisia through the cultural domains of Politics and Social Relations, Economy and Resources, and finally the country’s relation to U.S. interests.

To the world’s surprise, a revolution beginning in Tunisia seemed quite unlikely since comparatively, their government did not deprive its citizens of basic rights to the point of extreme oppression. This was in large part due to Tunisia’s economy being reliant upon tourism, and because a lack of freedom would deter tourists thereby harming the economy, Ben Ali had to allow people more freedom than he would have preferred. For a dictator, these new

Djibouti has few natural resources and little industry; therefore, it is heavily dependent on foreign assistance to help support its balance of payments and to finance development projects. (“The World Factbook,” 2011). The

To the world’s surprise, a revolution beginning in Tunisia seemed quite unlikely since comparatively, their government did not deprive of them basic rights to point of extreme oppression. This was in large part due to Tunisia’s economy being reliant upon tourism, and because a lack of freedom would deter tourists thereby harming the economy, Ben Ali had to allow people more freedom

December 18, 2010 and January 14, 2011. These 28 days marked the time where Tunisians rioted in the streets, expressing their discontent with the widespread poverty and the corrupt government limiting people’s freedoms (Rifai). It began with the day that Mohamed Bouazizi, a vegetable vendor, ignited himself in protest and the day President Ben Ali stepped down and fled to Saudi Arabia after finding himself unable to quell the people’s anger. President Zine El Abidine Ben Ali put himself and his own personal interests before his people’s. His greed is at the root of the Jasmine Revolution, and it is this kind of thoughtless and avaricious leadership that causes conflict in the Middle East.

Trade unintentionally strengthens and weakens the power of Africa. Axum is located in Africa the location is now known as northern Ethiopia, their economic foundation was a highly productive agriculture that used a plow-based farming system, unlike most of Africa, which relied on a hoe. They taxed their trade and it provided a major source of revenue for the Axumite state and the complex society that grew up within in it. The lack of potentials can make the region lack power and can result in collapsing societies. The more people can produce merchandise for their own good or to trade for better merchandise will help with growing power. Trade dilemmas will not only shape society in which they live in, but

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

Second largest country in Africa, tenth largest country in the world, diverse culture extending from the Mediterranean coast to the dunes of the Sahara Desert...Algeria. Even with its massive size the current status of Algeria’s economy is quivering in the lofty winds of the Tell Atlas Mountains. The economy tends to remain dominated by the state, which is accordingly a legacy of the country’s socialist post-independence development model. Hydrocarbons are the backbone for Algeria, accounting for 60% of budget revenues, 30% GDP, and 95% of export earnings. Reviewing the last five years we see the government halting privatization of state-owned industries, and increasing the restrictions of imports and foreign involvement. Algeria’s

In Morocco, the economy is rather well behaved throughout the years 2008 and 2009, the greater control

This report will briefly raise awareness of what the Arab Spring therefore to be able to have a much better understanding on how it affected tourism and still has a big effect. A country’s tourism can also be affected by neighbor countries contemporary issues, so it is essential to be aware of what

Algeria is a CRT-5 country with high levels of economic and political risk and very high financial system risk. In terms of economics high oil revenue declined over 45% in first quarter of 2015. This then led to state spending cuts and delay of surplus of state funded projects contributing to the limit of revenue shortfall. The unemployment rate is also high at 10% contributing to the instability of the economic financials. Politically the risks are high due to large scale labor strikes, due to inadequate housing, high unemployment rates. Budget cuts will continue to contribute to this issue. The local boarders are shared with Mali, Tunisia, and Libya therefore terrorism is a problematic concern. They are unable to secure the desert boarders specifically with Al-Qaeda being less than 75 miles from Algiers.

Trade helps in business growth and it helps the economy of the country as the different business enterprises can learn from other businesses’ ideas and would help in the growth of the enterprises with its global competitiveness. The embargo may have been effective in the times of Cold war but in the modern times it is perceived as useless especially for the Cuban-American families and business enterprises that are looking for opportunities in Cuba.

MBAXIV A – MA 1407 – Business Economics in a Global Market GDP & Welfare – The Moroccan Example