Is Algeria a third world country? Many people are very concerned with the future of Algeria and wonder how they will cope as their nation is forced into a constant state of emergency. Since the beginning of the 20th century, Algeria has been at war with its neighbors, which have included France and the UK.
Recently, Algeria has had to turn to extreme measures to stay in the game, and many citizens worry that the country is becoming too dependent on the outside world, and that it is losing its identity. While Algeria is a stable country, it has been affected by internal unrest, international terrorism, and an ever-tightening grip of authoritarian rule by the military and its political party.
Future of Algeria
If you are worried about the future of Algeria, then you should consider what BBC World News Online is saying. The world is watching very closely to see how this country will handle the current chaos that it is facing, as well as dealing with its relationship with the United States and other western nations. There have been tensions between Algeria and Morocco for quite some time, but this latest riot in the capital of Algiers is different, as there have been previous outbreaks of civil unrest in this part of the world.
When it comes to international terrorism, Algeria is in bad shape. The country has been under fire from terrorist groups such as those associated with Hezbollah and Hamas. There have been repeated attacks on government buildings, mosques, and the airport, which have killed scores. Many of these international terrorists have originated from countries in the Middle East such as Syria and Iran, and have received training and weapons from those places. As the US continues to provide special operations and training for such groups, it is certain that more recruits will come from such countries, and Algiers is just the place to go.
Economy in Algeria
Algeria is a poor country that desperately need tourism, and relies on foreign investment and the sale of fuel to make up for its energy needs. Its economy is not growing at the rapid pace that it should, and the future of the country looks bleak. The unemployment rate is above 20%, and over the years there have been serious outbreaks of terrorism in the country. It is a country in transition, and its transition needs to happen with determination. Some people opine that Algeria is too dependent on oil, but this may be changing as the country begins to develop its own resources.
Despite its obvious flaws, Algeria has an economy that can absorb outside investment and the kind of high-level professional labor that would really lift the country’s miserable economic outlook. There are many multinational companies headquartered in France, Britain, and Germany that could easily move their factories to Algerian soil to take advantage of the cheap labor available. Even if they cannot afford to move their entire operation, it is still in their best interest to open up operations in Algeria. Algeria is an important oil producer and has a thriving gas industry. It also has an advanced infrastructure to support those operations, and it has the necessary resources to become a leading player in international energy markets.
Oil interests and terrorist activities in Algeria
If anything, the growth of the economy in Algeria will be directly connected to the efforts of Arab governments and the oil interests of those governments. Without those interests driving the economy, Algeria will not succeed. As long as the region is struggling, there will be little incentive for other countries to develop their economy and increase prosperity for their people. In the short term, there is likely to be a short-term gain in GDP because of that, but the long-term effects will be damaging.
There is no doubt that Algeria will continue to experience economic growth because of the international terrorism that has plagued the country over the past few decades. The international terrorism has had an effect on tourism, foreign direct investment, trade, investment, and employment. Tourism is tied to the oil sector, and the reduction in tourism due to the heightened security measures is bad news for the Algeria economy. Foreign direct investment is tied to the health of the economy and reducing investment due to terrorist activities could seriously damage that confidence.
Algeria is definitely a country that is not on the verge of greatness. However, if it wants to maintain its status as a first-class nation, it needs to do more than just pretend to be a developed country. It also needs to take steps to counter the external pressures that will push it into a downward spiral. This means developing better domestic strategies and dealing with the issues that drag it into a poor performance – but otherwise maintaining the status of being a top third world country.