Sunday, March 18, 2012

Kuwait's State Owned Enteprise Woes

An interesting article about Kuwait, which highlights three important trends throughout the Arab world:
1) The ever-increasing demands of state employees and their effects on Arab states. Even relatively wealthy ones such as Kuwait are having issues with their traditionally well endowed SOEs (State Owned Enterprises).
2) The potential reaction of the people when an autocratic state decides to reduce, stop, or simply not increase its payments and subsidies ...
3) Once liberalization begins- as in the case with Kuwait's powerful parliament, which has proven to be highly critical of the ruling Sabah family- it is very difficult to reverse. The people indelibly begin to demand more.

Access to to the article can be found at the following url: http://www.naharnet.com/stories/en/33806-striking-workers-ground-kuwait-airways-flights.