Want Privatization? Go To Brazil!

Kuwait government has one main revenue source: “oil”, and the population has one main source of revenue: “government salaries and projects”. Therefore, trying to increase government revenues by imposing taxes and raising rates, is a viscous circle and an exercise in futility. It Continue reading “Want Privatization? Go To Brazil!”

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Inflation in Kuwait and the Gulf

One economic opinion argues that rising oil prices do not cause consumer price inflation in the short to medium term. Its reasons that consumers’ incomes are fixed in the short term and, as such, are distributed (spent) among a variety (basket) of goods and services. Continue reading “Inflation in Kuwait and the Gulf”

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Is Privatization The Solution?

Is Privatization The Solution?

There is a prevalent misconception of privatization. On one hand, the concept of privatization is diverse and hence complex, with no universal consensus on why and where it may be applied, what it exactly entails, how it is to be implemented and what are its actual historical outcomes. On the other hand, heavy doses of public relations cosmetics have been applied to Continue reading “Is Privatization The Solution?”

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Kuwait Population Structure Remedies?

Kuwait Population Structure Remedies?

Al Qabas newspaper published on April 17, 2017 a report on the preliminary proposals made by the government committee responsible to find remedies for the skewed population structure of Kuwait. Continue reading “Kuwait Population Structure Remedies?”

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Expatriate Labor and the Population Structure in Kuwait

Expatriate Labor and the Population Structure in Kuwait

Panic and hysterics rarely deliver good and lasting solutions. Especially when the problem is old and ingrained. And, especially when it is as obvious as an elephant in the room, but we refuse to recognize it out of fear, indifference, or we are simply benefiting from its presence. Then, one day, we wake up to the fact the elephant has outgrown the room’s door and can’t get out! Continue reading “Expatriate Labor and the Population Structure in Kuwait”

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Too Many Cooks, Not Lack of Skills!

Too Many Cooks, Not Lack of Skills!

A sudden, but futile, argument flared up recently in the local press. It centered around the alleged poor skills of the Civil Service Kuwaiti employees, and seems to have resulted from poorly worded and unclear opinions, which were misunderstood by all parties. Continue reading “Too Many Cooks, Not Lack of Skills!”

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The Financial Reform Plan and Diabetes

The Financial Reform Plan and Diabetes

Sammy stumbled on the sidewalk and fell bumping his head on the pavement. The passersby rushed to help him and bandage his bleeding forehead, and then went off happy that they had reversed this man’s misfortune. But, in reality, their treatment was superficial, for they only addressed its pressing visible Continue reading “The Financial Reform Plan and Diabetes”

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Kuwait Elections – Pessimism Versus Optimism

Kuwait Elections – Pessimism Versus Optimism

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Wherever you look or listen, you only see or hear pessimistic comments about the Kuwaiti political condition, which in turn is, erroneously, used to explain the economic slowdown in the country. You hear this from intellectuals and professionals, as well as from the masses, who flood the social media with rumors, speculations, wrong information and, occasionally, half-truths that are explained to suit the author. Continue reading “Kuwait Elections – Pessimism Versus Optimism”

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Either a Job or a Salary!

Either a Job or a Salary!

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The Kuwaiti public opinion stands firmly against abolishing, or even reducing, the accumulated perks and benefits enjoyed by the citizens. The logic presented is pretty strong and, unless a major catastrophe befalls the country, it is difficult to counter. Additionally, the masses have made it vocally clear, that they do not see a catastrophe in the horizon – even though one may be slowly brewing. Continue reading “Either a Job or a Salary!”

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