Where is all the innovation in the Arab world today?
This is taken from an editorial in the New York Times today by Thomas Friedman:
Where is all the innovation in the Arab world today? In the places with little or no oil: Bahrain is working on labor reform, just signed a free-trade agreement with the U.S. and held the first elections in the Arab gulf, allowing women to run and vote. Dubai has made itself into a regional service center. And Jordan has a free-trade agreement with the U.S. and is trying to transform itself into a knowledge economy. Who is paralyzed or rolling back reforms? Saudi Arabia, Syria and Iran, all now awash in oil money.
When did Jordan begin privatizing and deregulating its economy and upgrading its education system? In 1989 - after oil prices had slumped and the Arab oil states cut off Jordan's subsidies. In 1999, before Jordan signed its U.S. free-trade accord, its exports to America totaled $13 million. This year, Jordan will export over $1 billion worth of goods to the U.S. In the wake of King Abdullah II's reforms, Jordan's economy is growing at an annual rate of over 7 percent, the government is installing computers and broadband Internet links in every school, and it will soon require anyone who wants to study Islamic law and become a mosque preacher to first get a B.A. in something else, so mosque leaders won't just come from those who can't do anything else. "We had to go through a crisis to accept the need for reform," says Jordan's planning minister, Bassem Awadallah.
-Rudey
|