27/07/2012
By Ernest Corea*, IDN-InDepth News, Washington — Nobody said it was going to be easy. The transition from a military dictatorship of several decades to a democracy is never a straightforward out-in arrangement, as countries which attempted the change have realised. Egypt is now absorbing that lesson of political realism: Transition is tricky.

**The Nile at Cairo. Photo credit: Raduasandei | Wikimedia Commons.
The difficulty has to be proportionately greater when the parties involved in managing the transition have very little real-life experience in coming to terms with the nuts and bolts of a system about which Churchill said: “No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except for all those other forms that have been tried from time to time.”
read more »
Posted in Africa, Middle East, Others-USA-Europe-etc., The Peoples, War Lords |
Leave a Comment »
27/07/2012
Turkey’s economy rebounded vigorously following the global crisis, but in the process external and domestic macroeconomic imbalances emerged. Growth averaged close to 9% in 2010-11, with strong job creation, says a new report.

*Originally a church, later a mosque, and now a museum, the Hagia Sophia was first built by the Byzantines in the 6th century. Credit: Robster1983 at English Wikipedia.
At the same time, the current account deficit widened to around 10% of GDP and consumer price inflation rose to over 10%, adds the Economic Survey: Turkey 2012, elaborated by the Organisation for Economic Co-operation and Development (OECD), which groups 34 industrialised countries spanning the globe, from North and South America to Europe and the Asia-Pacific region.
read more »
Posted in Middle East, Others-USA-Europe-etc., The Peoples |
Leave a Comment »