Archive for July 27th, 2012

27/07/2012

Of Egypt and the Tricky Transition

Human Wrongs Watch

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.”

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27/07/2012

Turkey’s Economy ‘Rebounded Vigorously’ Following Global Crisis

Human Wrongs Watch

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.

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