Economic Policy and Economic Development in Tunisia

Since the end of the Second World War, we have witnessed a continuous expansion of the club of developed countries. The process accelerated during the 1970s and 1980s. Some countries, the newly industrialized countries (NICs), like Japan, South Korea, Taiwan and Singapore, achieved phenomenal growth rates. Others, like Tunisia, despite remarkable efforts achieved only moderate but fluctuating growth rates. The mean growth rate was 5.1 per cent and the standard deviation 3.6 per cent (see also chapter 4 in this volume).