Algeria

report 2009

Outside the system but, safe from the crisis?

The weakest aspect of Algeria’s economy is its heavy dependence on the production and export of hydrocarbons. Although this sector is highly developed, the financial sector has lagged far behind and become disconnected from global finance. Paradoxically, this backwardness prevented the banking system from becoming enmeshed in the international financial crisis. Even so, the crisis will infect the country through imports of goods and services.

news

“Informal labor is not a marginal issue in Arab countries. It is a core component of modern Arab economies and the distribution of work therein and is doomed to expand under current policies,” explained Samir Aita, lead researcher of the Arab NGO Network on Development (ANND) at the launch of the 2017 edition of the Arab Watch on Economic and Social Rights, last May 8 in Beirut.

The report, launched publicly at the American University, concludes that the “highest percentages of lack of formality are in countries with the least strict laws and bureaucracies, and vice versa. This goes against the stereotype that says that informality is a result of strict laws and bureaucracies.” It also concludes that “informal labor in Arab countries is mostly waged labor, except in rare cases, which contradicts another idea that says that informal labor is a choice, as young people entering the job market have no choice but to find any type of livelihood, no matter how fragile or temporary.”