Though sovereign wealth funds, valued at $2.4 trillion globally, played a stabilizing role during the crisis, their widely varying governance standards may pose geopolitical risks in the future.
While Tunisian President Ben Ali’s reelection to a fifth term is a foregone conclusion, the international community must press him to institute real political change and move beyond a superficial illusion of pluralism.
In the wake of the global financial crisis, the Saudis cannot be comforted to know that their economic fortunes are so closely related to events beyond their borders. The Saudi leadership will look to the G20 process to help make these markets less volatile and easier to navigate.
The Fatah Congress has given Abu Mazen and Fatah a much-needed shot in the arm, and conferred new legitimacy on the peace option among Palestinians.
A unity government has been formed in Lebanon following the electoral defeat of the Hezbollah-led coalition in June. However, in order to stabilize the fragile country, the new government must succeed in instituting economic, political, and security reforms.
Morocco's Royal Institute for Strategic Studies has reported that the country's biggest challenges to economic growth stem from a lack of leadership, inconsistent policies, and poor governmental communication. Though the diagnosis is accurate, the proposed recommendations fail to address the root causes of these problems.
Ten years after succeeding his father to the Moroccan throne, King Mohammed VI has implemented significant economic and social reforms but has not yet delivered the kind of political change many hoped for when he took power.
The code of conduct outlined by the International Working Group of Sovereign Wealth Funds might lose its rationale if it is not vigorously implemented. The individual aspects of the principles need to be more carefully looked at.
Amid the overwhelming popular enthusiasm and unprecedented media coverage in the Arab world that accompanied the 2008 U.S. presidential elections, the Carnegie Middle East Center provided an open forum for distinguished Arab observers to share their thoughts on future American policies in the Middle East.
Arab governments tempered public anger at rising food prices by increasing wages and subsidies, but their approach is not sustainable without raising taxes. Instead they should revise agricultural policies, expand social safety nets, and curb excessive energy consumption, argues Carnegie Middle East Center economist Ibrahim Saif.
France sees the ascent of Anglo-American influence as having advanced at its expense not only in Iraq, but also in North Africa, a zone long considered to be France’s backyard.
Kuwait is gripped by a state of political paralysis. A standoff between the ruling family and the elected parliament is aggravated by deep divisions within each side, making any kind of political movement difficult if not impossible.