By Ahmed Aghrout, Redha. M Bougherira, Professor John Keiger
This e-book, through supplying an up to date, systematic analytical account on adjustments in Algeria, makes a invaluable contribution to the literature in this nation that has now not but acquired a lot awareness within the Anglo-American academy. Its virtue is that it totally makes a speciality of Algeria, therefore departing from present experiences facing the full geographical region of North Africa or the Maghreb.
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Extra info for Algeria in Transition: Reforms and Development Prospects
Furthermore, if he is correct in arguing that it is only through participation in these new technologies that countries will be able to play a part in the global economy, then not only is Algeria’s ownership of oil reduced in importance, but it is also possible to understand why oil seems to fail to deliver the economic benefits that it was assumed it could, not only in Algeria, but also in other oil-producing countries. However, there is a problem with Castells’s analysis, in that it was written at a time when the benefits of the new technologies seemed uncontested and when they were the principal motor of the economic boom of the late 1990s.
54 Furthermore, the key issue in all the debates is still the inequality in political and economic relations that exists between the dominant capitalist countries and those outside of their networks, as the reconvening of the Earth Summit in Johannesburg illustrated. Given that the inequalities in economic performance between the Third World and the major western economies have not substantially altered in the 40 years since Algerian independence, it is useful to consider briefly the bases of Perroux’s economic thinking as a means of understanding why it had something to offer to newly independent Algeria.
As a result, even though there have been periods since Algerian independence in 1962 when the other oil-producing countries have been able to determine the terms of trade of the commodity that they produced, its centrality to wider security considerations has meant that such efforts have always been temporary. Perhaps the temporary nature of this can be gauged from the establishment of the International Energy Agency (IEA) in 1974 at the instigation of Henry Kissinger, Nixon’s Secretary of State, and as a direct result of the failure of the European powers to adequately respond to the Qadaffi nationalizations and the price rises inspired by the Organization of Petroleum Exporting Countries (OPEC).
Algeria in Transition: Reforms and Development Prospects by Ahmed Aghrout, Redha. M Bougherira, Professor John Keiger