Attempts to Industrial Reforms in Algeria: Do they fit the Logic of Globalization?

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Academic Journal

Topics in Middle Eastern & North African Economies: Proceedings of the Middle East Economic Association; May2014, Vol. 16 Issue 1, p96-113, 18p

The article explains that the Algerian economy remains vulnerable to the changes in world oil markets as its attempt at industrial reforms have yet to start to show any signs of improvement in its performance. It details the country's policy of state-led industrialization in the 1960s that led to serious inefficiencies in the productive capacity of industries and the decimation of the private sector. The decline in the prices of petroleum products in the 1980s forced the country to reform.