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Wednesday, May 19, 2004

Arab Unemployment

In the comments to this post Aric takes exception to my characterization of Arab countries as having high unemployment. this article gives some perspective on what the Saudi's think of their employment situation. While Aric is correct that the Arab countries do not have a hugely higher unemployment rate than the world as a whole, it is percieved to be high. Much as the United States recent employment numbers have been percieved to be high even though they are low historically. With a demographic surge of young males in most of the Arab countries and fairly stagnate econimic growth unemployment is a major issue for the people of the region. Aric makes some other interesting points as well and I plan to address them in future posts.

1 Comments:

Blogger Aric said...

I will certainly agree with you that local perception is the critical issue in regards to a problem. As many wise (and crazy) people have said througout history, it's not generally the comfortable people who cause problems.

5/22/2004 09:19:00 PM  

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