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Arab Spring

Managing Risk and Keeping Focused in Turbulent Times

Mallory Saleson's picture

It’s been almost a year since Tunisian street vendor Mohamed Bouazizi set himself on fire, sparking a wave of protests in his country and ensuing events that led to what we now refer to as the “Arab Spring”. Today, these events were remembered, and the future of the region debated, during a seminar MIGA co-hosted with the Financial Times in London on Managing Global Political Risk: Old Risks, New Moment.

Tunisia’s Minister of Finance Jalloul Ayed spoke passionately, eloquently, and with tremendous insight about the challenges and opportunities facing his country, noting many look to Tunisia as setting the pace and showing the way. “So far so good”, he noted, adding “democracy is now hopefully part of our political tradition.” But there is a daunting road ahead, dealing with the priorities, creating jobs for the hundreds of thousands of unemployed youth, encouraging much-needed investment. His biggest concern? “We cannot lose focus; we have to reform and get the job done.”

How Risky, Really, Is the Arab World for Investors? Take Two.

Paul Barbour's picture

In June 2010 I posted a blog on political risks for investors in the Arab worldThe blog (and associated Perspectives note) argued that it was probably a mistake to lump all Arab countries together, and that risks were idiosyncratic among nations. Overall, the note reflected the view at the time that most investors were fairly sanguine about the risks in the Arab world.

In retrospect of course, we have all been found out following the events that started in Tunisia in January and spread across the region. This week MIGA hosted a panel discussion on ‘Investment Opportunities in the Wake of the Arab Spring’ to try and take stock of these events and consider their implications for investors. 

The Arab Spring, History, and Political Economy

James Bond's picture

People in Maghreb and Mashreq countries, long used to being muzzled by their authoritarian regimes, are rising up to make their voices heard. This movement — if one can call it that — started first in Tunisia with the self-immolation of an unemployed street vendor. This desperate act by Mohamed Bouazizi, a poor 26 year-old university graduate without a steady job to support his family, brought out into the open the seething resentment of ordinary Tunisians at the 23 year rule of President Ben Ali.