Unlocking Tunisia’s Economic Potential
This chapter continues the exercise of developing an integrated inclusive development strategy in order to unlock Tunisia’s economic potential. First, it justifies the importance of modernizing the Tunisian state and reengineering its role. Then, it analyzes the evolution of the social contract before the revolution, and shows the need of a new framework ensuring social progress and inclusiveness. In this regard, particular attention is given to institutionalizing social dialogue and monitoring social progress. Opening the Tunisian economy to fair competition and unlocking the business and economic initiatives is an equally important dimension which is explored in this chapter. After that, the focus is made on the urgency to immunize the Tunisian economy against political instability and the importance of considering a pluralistic approach of economic development. Finally, it recalls the need to modernize the judicial and property rights systems and positively disrupting the financial system.
- Alkebsi, A. and M. Malouche (2015) “It’s time for Tunisians to take the next big step,” Foreign Policy, 11 April 2015, http://foreignpolicy.com/2015/04/11/tunisians-next-big-step-arab-spring/.
- Bagehot, W. (1873) “Lombard Street: A description of the money market,” Homewood, IL: Richard D. Irwin, 1962 Edition. Boyd et Smith, 1997.Google Scholar
- CGAP (2015) “Global landscape of innovations in digital finance,” https://fr.slideshare.net/CGAP/the-global-landscape-of-digital-finance-innovations.
- Chapra, M. U. (1983) “Monetary policy in an Islamic economy,” in “Money and Banking in Islam,” Edited by Ziauddin Ahmed, et al., International Centre for Research in Islamic Economics, Jeddah, KSA, 1983.Google Scholar
- Coeuré, B. (2014) “Rethinking economics after the crisis,” https://www.ecb.europa.eu/press/key/date/2014/html/sp140624.en.html.
- De Soto, H. (2000) “The mystery of capital: Why capitalism triumphs in the West and fails everywhere else,” Basic Books, New York.Google Scholar
- De Soto, H. (2013a) “L’économie informelle. Comment y remédier. Une opportunité pour la Tunisie,” Tunis, Cérès Editions.Google Scholar
- De Soto, H. (2013b) “The Secret to reviving the Arab Spring’s promise: Property rights,” The Wall Street Journal, 26 February 2013.Google Scholar
- Fullerton, J. (2015) “Regenerative capitalism: How universal principles and patterns will shape our new economy,” Capital Institute.Google Scholar
- Gherib, B. (2012) “The political economy of the Tunisian revolution: Social groups versus crony capitalism,” Revue Tiers Monde, No. 212, 2012/4.Google Scholar
- Hassan, Z. (2011) “Scarcity, self-interest and maximization from Islamic angle,” MPRA Paper 29414, University Library of Munich, Germany.Google Scholar
- Hicks, J. (1969) “A theory of economic history,” Oxford: Clarendon Press.Google Scholar
- IACE (2016) “La Tunisie en Transformation: L’impératif digital,” www.iace.tn.
- Ibn Khaldun, A. (1377) “The Muqaddimah” translated by Franz Rosentha, http://asadullahali.files.wordpress.com/2012/10/ibn_khaldun-al_muqaddimah.pdf.
- ILO (2011) “Tunisia: A new social contract for fair and equitable growth,” Studies on Growth with Equity, ILO.Google Scholar
- Levine, R. (1997) “Financial development and economic growth: Views and agenda,” Journal of Economic Literature, Vol. XXXV, 688–726.Google Scholar
- Levine, R. (2011) “Finance, regulation and inclusive growth,” paper presented at the OECD and World Bank Conference on “Challenges and policies for inclusive growth,” Paris, 24–25 March.Google Scholar
- Mau, S. (2003) Moral Economy of Welfare States. Routledge, 74, ISBN: 978-1-134-37055-9.Google Scholar
- Nabi, M. S. (2009) “Financial imperfections, inequality and capital accumulation,” Economics Bulletin, Vol. 29, No. 3, 2400–2415.Google Scholar
- Nabi, M. S. (2011) “Moins d’ambiguïté, plus d’optimisme et de cohésion pour une reprise rapide de l’économie tunisienne,” Leaders, 31 May 2011.Google Scholar
- Nabi, M. S. (2015) “Une piste pour débloquer les négociations sociales et une proposition d’un “Tunisian Development Institute,”” Espace Manager, 16 November 2015.Google Scholar
- Nabi, M. S. (2016a) “L’exigence d’un leadership institutionnel pour la réussite de la transition économique,” Leaders, 22 February 2016.Google Scholar
- Nabi, M. S. (2016b) “La titrisation au secours du budget de l’Etat tunisien? Quelques propositions!” 3 November 2016, https://www.espacemanager.com/la-titrisation-au-secours-du-budget-de-letat-tunisien-quelques-propositions.html.
- Nabi, M. S. and T. Rajhi (2013) “Banking emergence, contract enforcement and endogenous growth,” International Review of Economics, Vol. 60, No. 1, 83–100.Google Scholar
- OECD/DAC (2008) “Concepts and dilemmas of state building in fragile situations: From fragility to resilience,” Discussion Paper, OECD, Paris.Google Scholar
- Oláh, D. (2017) “The amazing Arab scholar who beat Adam Smith by half a millennium,” http://evonomics.com/amazing-north-african-scholar-beat-adam-smith-half-millennium/.
- Pisani-Ferry, J. (2015) “Reengineering government,” Project Syndicate, 30 April 2015.Google Scholar
- Porter, M. (2015) “Why social progress matters,” Project Syndicate, 9 April 2015.Google Scholar
- Robalino, D., A. Kuddo, and D. F. Angel-Urdinola (2015) “Policy recommendations” Chapter 4 in “Labor Policy to Promote Good Jobs in Tunisia: Revisiting Labor Regulation, Social Security, and Active Labor Market Programs,” Edited by Diego F. Angel-Urdinola. Antonio Nucifora, and David Robalino, World Bank Group.Google Scholar
- Rousseau, J.-J. (1962) “Du contrat social, ou principes du droit politique” in Collection complète des oeuvres, Genève, 1780–1789, Vol. 1, in-4° édition en ligne www.rousseauonline.ch version du 7 octobre 2012, http://www.rousseauonline.ch/Text/du-contrat-social-ou-principes-du-droit-politique.php.
- Spence, M. (2016) “Economic decline is leading to political instability. What’s the solution?,” World Economic Forum and Project Syndicate, 24 March 2016.Google Scholar
- Stiglitz, J. E. (1998) “Towards a new paradigm for development: Strategies, policies, and processes,” Prebisch Lecture at UNCTAD, Geneva, 19 October 1998.Google Scholar
- UNDP (2015) “UNDP and governance: Experiences and lessons learned,” UNDP.Google Scholar
- World Bank (2014a) “The unfinished revolution: Bringing opportunity. Good jobs and greater wealth to all Tunisians,” Development Policy Review, May 2014, Report No. 86179-TN.Google Scholar
- World Bank (2014b) “The opportunities of digitizing payments,” A report by L. Klapper and D. Singer, World Bank Development Research Group of the World Bank, 28 August 2014.Google Scholar
- World Bank, the Better Than Cash Alliance, and the Bill & Melinda Gates Foundation (2014) “The opportunities of digitizing payments,” http://www.gpfi.org/publications/opportunities-digitizing-payments.