Sixth Tunisia Plan
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Sixth Tunisia Plan
The Sixth Tunisia Plan was an economic development plan implemented by the government of President Habib Bourguiba from 1982 to 1986. Critics derided the plan's failure to lower the unemployment rate, attributing the lack of available work to the global recession, excessive focus on capital investment programs, and the government's foreign debt. See also * Economy of Tunisia * Third Tunisia Plan * Fourth Tunisia Plan * Ninth Tunisia Plan The Ninth Tunisia Plan was an economic development plan implemented by the government of Tunisia from 1996 to 2001. President Ben Ali established the Ministry of International Cooperation and Investment in June 1992, appointing Mohammed Ghannouchi ... References {{Africa-hist-stub Economic history of Tunisia ...
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Development Economics
Development economics is a branch of economics which deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels. Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as intertemporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods. Common topics include growth theory, poverty and inequality, human capital, and institutions. Unlike in many other fields of economics, approaches in development ec ...
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Economic Policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflatio ...
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Politics Of Tunisia
The politics of Tunisia takes place within the framework of a unitary semi-presidential representative democratic republic, with a President serving as head of state, Prime Minister as head of government, a unicameral legislature and a court system influenced by French civil law. Between 1956 and 2011, Tunisia operated as a ''de facto'' one-party state, with politics dominated by the secular Constitutional Democratic Rally (RCD) under former Presidents Habib Bourguiba and then Zine el Abidine Ben Ali. However, in 2011 a national uprising led to the ousting of the President and the dismantling of the RCD, paving the way for a multi-party democracy. October 2014 saw the first democratic parliamentary elections since the 2011 revolution, resulting in a win by the secularist Nidaa Tounes party with 85 seats in the 217-member assembly. Tunisia is a member of the Arab League, the African Union and the Organization of Islamic Cooperation. It maintains close relations with the United St ...
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President Of Tunisia
The president of Tunisia, officially the president of the Tunisian Republic ( ar, رئيس الجمهورية التونسية), is the head of state of Tunisia. Tunisia is a presidential republic, whereby the president is the head of state and head of government. Under Article 77 of the Constitution of Tunisia, the president is also the commander-in-chief of the Tunisian Armed Forces. The incumbent president is Kais Saied who has held this position since 23 October 2019 following the death of Beji Caid Essebsi on 25 July 2019. 2022 Tunisian constitutional referendum turned Tunisia into a presidential republic, giving the president sweeping powers while largely limiting the role of the parliament. Elections The president is elected by universal suffrage by majority during elections held in the last sixty days of the previous presidential term. Article 74 of the Tunisian Constitution of 2014, Constitution establishes that the right to presidential candidacy is open to every Tun ...
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Habib Bourguiba
Habib Bourguiba (; ar, الحبيب بورقيبة, al-Ḥabīb Būrqībah; 3 August 19036 April 2000) was a Tunisian lawyer, nationalist leader and statesman who led the country from 1956 to 1957 as the prime minister of the Kingdom of Tunisia (1956–57) then as the first president of Tunisia (1957–87). Prior to his presidency, he led the nation to independence from France, ending the 75-year-old protectorate and earning the title of "Supreme Combatant". Born in Monastir to a poor family, he attended Sadiki College then Lycée Carnot in Tunis, before obtaining his baccalaureate in 1924. He graduated from the University of Paris and the Paris Institute of Political Studies (Sciences Po) in 1927 and returned to Tunis to practice law. In the early 1930s, he became involved in anti-colonial and Tunisian national politics, joining the Destour party and co-founding the Neo Destour in 1934. He rose as a key figure of the independence movement and was repeatedly arrested ...
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Black Monday (1987)
Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time zone difference from other English-speaking countries. All of the twenty-three major world markets experienced a sharp decline in October 1987. When measured in United States dollars, eight markets declined by 20 to 29%, three by 30 to 39% (Malaysia, Mexico and New Zealand), and three by more than 40% (Hong Kong, Australia and Singapore). The least affected was Austria (a fall of 11.4%) while the most affected was Hong Kong with a drop of 45.8%. Out of twenty-three major industrial countries, nineteen had a decline greater than 20%. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression. The degree to which the stock market crashe ...
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Capital Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Economy Of Tunisia
The economy of Tunisia is in the process of being liberalized after decades of heavy state direction and participation in the country's economy. Prudent economic and fiscal planning has resulted in moderate but sustained growth for over a decade. Tunisia's economic growth historically has depended on oil, phosphates, agri-food products, car parts manufacturing, and tourism. In the World Economic Forum Global Competitiveness Report for 2015–2016, Tunisia ranks in 92nd place. Based on HDI latest report (for 2014), Tunisia ranks 96th globally and 5th in Africa. The year 2015 was marked by terrorist attacks in Tunisia which are likely to affect economic growth, especially in tourism, one of the main sectors. Historical trend GDP per capita soared by more than 380% in the seventies (1970–1980: USD 280–1,369). But this proved unsustainable and it collapsed to a cumulative 10% growth in the turbulent eighties (1980–1990: USD 1,369–1,507), rising again to almost 50% cumu ...
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Third Tunisia Plan
The Third Tunisia Plan was an economic development plan implemented by the government of President Habib Bourguiba Habib Bourguiba (; ar, الحبيب بورقيبة, al-Ḥabīb Būrqībah; 3 August 19036 April 2000) was a Tunisian lawyer, nationalist leader and statesman who led the country from 1956 to 1957 as the prime minister of the Kingdom of T ... from 1969 to 1972. The plan marks the first time Tunisia invested more in industry, 31.7% of the government's budget, than in agriculture, 14.8%. See also * Economy of Tunisia * Fourth Tunisia Plan * Ninth Tunisia Plan References {{econ-hist-stub Economic history of Tunisia ...
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Fourth Tunisia Plan
The Fourth Tunisia Plan was an economic development plan and realignment of foreign policy implemented by the government of President Habib Bourguiba from 1973 to 1976. Bourguiba resolved lingering disputes with France and signed an association accord with the European Community (EC) in 1969 and a cooperation accord in 1976. See also * Economy of Tunisia * Ninth Tunisia Plan * Eurabia Eurabia is a political neologism, a portmanteau of Europe and Arabia, used to describe a far-right, anti-Muslim conspiracy theory, involving globalist entities allegedly led by French and Arab powers, to Islamise and Arabise Europe, thereby weak ... References {{Tunisia-stub Economic history of Tunisia ...
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Ninth Tunisia Plan
The Ninth Tunisia Plan was an economic development plan implemented by the government of Tunisia from 1996 to 2001. President Ben Ali established the Ministry of International Cooperation and Investment in June 1992, appointing Mohammed Ghannouchi as Minister. The Tunisian government began negotiations with Belgium, culminating in a free-trade agreement in 1995. Tunisia began producing the Miskar natural gas field that same year in cooperation with Agip of Italy, British Gas plc, and Elf-Aquitane of France. In 1996, when the program began, 73% of Tunisia's foreign trade was with Europe, not Northern Africa. Results Inflation lowered to 2.7% in 1999. In 1987, when Ben Ali seized power in a coup d'état, the unemployment rate rose to 12%. By 2001, the government had cut the unemployment rate in half. School attendance increased by 9%, from 90% in 1988 to 99% of the population in 2001. Life expectancy increased from sixty-seven years in 1988 to seventy-three years in 2000. On the o ...
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