Towards an economic transformation: Algeria's strategic development plan for sustainable growth

Bendebka, Ramzi and Bekhouche, Mustapha (2024) Towards an economic transformation: Algeria's strategic development plan for sustainable growth. In: State Transformation and Development in a Changing World. N/A, N/A (N/A). Mashreq International for Books Sdn Bhd, Kuala Lumpur, Malaysia, pp. 234-257. ISBN 978-967-2416-85-2

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Abstract

The Algerian Strategic Development Plan is an innovative plan to change the economic structure of Algeria and solve important problems that have prevented a boost. Historically centered on hydrocarbons, Algeria is an economy with some issues like high unemployment that has led to vulnerability throughout the country and economic instability since it still heavily depends on oil revenues. Therefore, the strategic plan is that it will diversify the economy, concentrating on developing renewable energy, technology in manufacturing, and training human capital. This paper analyses the historical problems that motivated this plan, including also its dependence on oil and gas. The research shows that the plan requires strong execution and will face formidable obstacles, such as a lack of expertise in building infrastructure and educational capacity. The study highlighted several challenges, such as how to reignite a state-driven economy, reinforce good governance and make growth more equitable across all regions of the country. If rigorously implemented, the Algerian Strategic Development Plan holds promise to realign Algeria toward a sustainable growth path while addressing economic vulnerabilities and improving social welfare among all income groups.

Item Type:	Book Chapter
Additional Information:	9068/114392
Uncontrolled Keywords:	Algerian Strategic Development Plan, Economic diversification, renewable energy, oil dependence, sustainable growth
Subjects:	H Social Sciences > H Social Sciences (General) J Political Science > JA Political science (General) J Political Science > JZ International relations
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Political Science Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Depositing User:	Dr Ramzi Bendebka
Date Deposited:	13 Sep 2024 10:56
Last Modified:	17 Sep 2024 13:51
URI:	http://irep.iium.edu.my/id/eprint/114392

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