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APPLIED INTERNATIONAL MACROECONOMICS Tunisia Projet between 1956 1986
Pages 6 (1506 words)
At the time of independence in 1956, Tunisia was facing a crippling economic position mainly because of the huge transfer of money abroad by the wealthy Europeans, who had left the country. Yet the country and its leadership were quite optimistic and had strong determination in their potential and progress. They set their targets mainly focusing on education, modernization agriculture and infrastructure and industrialization and heavily invested in these sectors.
Tunisia, officially known as the Tunisian Republic, is a country situated on the Mediterranean coast of North Africa, bordering with Algeria to the west and Libya to the southeast. Tunisia got its independence from the French colonialism in March 20, 1956 and Habib Bourguib became the president of new state. He established a strict one-party political system with a strong hold on economy and state resources and their allocation. One of Tunisia’s outstanding characteristics is its remarkable economic development, sustained over many decades and currently driven by a process of market liberalization and integration into world markets (Country Cooperation Strategy for WHO and Tunisia 2005–2009, 2006, p. 7). Historically, Tunisian economy has gone through fluctuating periods of growth and instability. Its has gone through a transition period of a centrally planned to a more privately managed economy and stabilization and later as a structural reform programs. ...
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