IDEAS home Printed from https://ideas.repec.org/a/ahc/journl/yid243.html
   My bibliography  Save this article

Consequences of crisis in Tunisia: transformatioin of economic system

Author

Listed:
  • S. Yu. Babenkova

Abstract

Diversified economy of Tunisia of the beginning of the XXI century can be one of the most successful examples of operation of the government in North African countries, but before the events of 2011 it faced a lot of such problems as slow economic growth, high rate of inflation, unemployment and expansion of the sector of shadow economy. It must be noted that since the 1960s the economy of the country was directed to the strengthening of export items of income and the growth of foreign investments and revenues from tourism. The main exports included goods of light and food industry, oil products, chemicals and phosphate. About 80% of export accounted for European Union countries. This export-oriented policy of the country together with investment programmes to support the education had its positive effect: growth of GDP by 4-5% a year, increase in the standard of living and quality of life. Despite the fact that ex-president of the country Zine El Abidine Ben Ali continued this policy, his reign was marked by the growth of corruption among the public officials, the increase in unemployment among university graduates. His toppling in 2011 in the result of the coup d’etat undermined the economy of Tunisia, in the part of the reduction of foreign investments and revenues from tourism. Currently the country government in conjunction with the Central Bank of Tunisia are taking a number of actions in the social and economic, and financial areas. The looming liquidity crisis, the unemployment level incessant after the events of 2011, terrorist attacks aimed at the tourist sector, workers’ strikes in the phosphate sector, delayed GDP growth in the period of2015-2017 by nearly 15% which is a negative trend in the post-revolutionary development of the country.

Suggested Citation

  • S. Yu. Babenkova, 0. "Consequences of crisis in Tunisia: transformatioin of economic system," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, issue 41.
  • Handle: RePEc:ahc:journl:y::id:243
    as

    Download full text from publisher

    File URL: https://www.pp-mag.ru/jour/article/viewFile/243/243
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ahc:journl:y::id:243. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.