Jordanian survey, 87% of the respondents wanted to eradicate wasta.
http://mgt.guc.edu.eg/wpapers/005mohamed_hamdy2008.pdf - 2 views
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Cunnigham and Sarayrah (1994) suggest that the modern oil boom in the Arab world may have perpetuated wasta by reducing the need for hard work.
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human resource departments in the Arab world depend heavily on subjective assessment tools such as unstructured interviews.
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Compiled by faculty members at the German University in Cairo, this working paper series addresses the effect that watsa has on competence and morality in Middle Eastern economics and society. The authors define watsa as, "the intervention of a patron in favor of a client to obtain benefits and/or resources from a third party." In simpler terms it is a system of social networking in Arab culture in which family and social ties play a significant role in the attainment of economic advantages and resources, largely in the hiring process in businesses and organizations. A person applying for a job seeks out watsa to increase their chances of getting hired. Comparable to nepotism and cronyism, but is not restricted to friends and associates, watsa can also involve strangers linked through some social web of people. Watsa runs somewhat parallel to a Chinese concept of guanxi, based on Confucian ethics and focusing on strong collective ties. While guanxi is a part of Chinese ethics it actually defies Muslim ethical values, which advocates hiring the person most capable. In a Jordanian survey, 87% of respondents want watsa eradicated. While we know that unemployment in the Arab region is widespread, we can assume that this motivates people to do anything they can to improve their chances of obtaining a job. However, the practice of watsa as a whole is actually degrading the economic systems in the Arab sates even further. The article explains the linkage between watsa and poor job performance, economic decline, and the festering of injustice and frustration among the masses in Arab countries.
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This looks super interesting, but I can't get the link to open. Thanks for writing a thorough summary of it!
Saudis block OPEC output cut, sending oil price plunging | Reuters - 0 views
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This outcome set the stage for a battle for market share between OPEC and non-OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.
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Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
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"It is a new world for OPEC because they simply cannot manage the market anymore. It is now the market’s turn to dictate prices and they will certainly go lower," said Dr. Gary Ross
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The new economics of oil: Sheikhs v shale | The Economist - 0 views
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The contest between the shalemen and the sheikhs has tipped the world from a shortage of oil to a surplus.
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Big importing countries such as the euro area, India, Japan and Turkey are enjoying especially big windfalls. Since this money is likely to be spent rather than stashed in a sovereign-wealth fund, global GDP should rise.
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There will, of course, be losers (see article). Oil-producing countries whose budgets depend on high prices are in particular trouble. The rouble tumbled this week as Russia’s prospects darkened further. Nigeria has been forced to raise interest rates and devalue the naira. Venezuela looks ever closer to defaulting on its debt
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Education is becoming an extremist battleground in Pakistan - The Washington Post - 0 views
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The one year anniversary commemorations of the heinous attack on a Peshawar public school were barely over when gunmen once again went from classroom to classroom killing students and staff at a Pakistani university nearby.
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n doing so, they are attacking the one area of Pakistani society where there is clear reason for optimism, as the growth of low-cost private schools in recent decades has given more and more young people, particularly girls, access to education.
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aw revenge is clearly a motive as the Taliban protest against military bombings of their hideouts in the tribal areas.
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