IslamicFinance.de

The euphoria of the Arab Spring has turned to disappointed expectations because building Arab democracies with open economies has proved to be much harder than expected. Countries like Tunisia, Egypt and Libya are stuck in a situation of instability which hampers economic recovery. Meanwhile, lack of growth and jobs nurtures instability. If the vicious circle is not broken, it is highly probable that radical Islamists will become more active. Thus, modernity would be rejected and a relapse to the corrupt crony-state systems would threaten to become reality. That is why an altered mini-version of the Marshall Plan could play the role of the necessary bigger and more focused effort.