The ongoing showdown in Egypt between the country’s Islamists and its military rulers is a clear reminder of how difficult democratic transitions in the Arab world are likely to be. Obviously, the failure to reach a power-sharing agreement will prolong political instability. But the resulting economic inaction would be just as damaging to the consolidation of democratic rule in Egypt.
Emerging Arab leaders, from Islamists to former regime officials who have re-invented themselves, are keenly aware of the need to improve their countries’ economic prospects………………………………………..Full Article: Source