In a nutshell
- There are many economic values that predispose citizens of Arab countries to be part of a market economy, including strong work ethics, comfort with competition and the work of markets, and opposition to large-scale income redistribution.
- The main value that is inimical to the workings of a market economy is a low trust in state institutions, combined with a perception of high levels of corruption both in government and business.
- It is thus imperative to find ways of building trust between citizens and their state institutions to serve as the foundation of future economic growth.
There are no Events PAST