Who will cure Kuwait Dutch Disease? – ARAB HOURS






IF the mindset does not change, there is no indication that the course will change, and that the government will take a different form than what we are used to. It goes without saying that the results of the consultations that the Prime Minister designate His Highness Sheikh Sabah Al-Khaled is carrying out with personalities and blocs seem not to bear fruit in the face of the obstructionists.

On the contrary, what Kuwaitis really fear is the regret they will face after a short period of time, causing them to repeat the popular phrase – “It’s like nothing has been done.” These are the same faces of figures who will return to government, even though they have not achieved any significant accomplishments in their previous appointments, making them unreliable to achieve a positive impact.

There is no doubt that the escalating tone of certain personalities caused the upheaval of the National Assembly and paralyzed the hand of the previous government. It seems that the relationship between the two authorities will not be in accordance with what has been instructed by the political leadership, because the cause of the problem still exists, according to the claim of these personalities.

The cause, in this regard, is the departure of the two leaders – the head of government and the head of parliament – or at least the search for help from another prime minister, but that did not happen. . Therefore, all will maintain their lands, which have unfortunately been repeated at every turn for almost 40 years until today. The situation will worsen due to the continued decline of executive power in the face of parliamentary incursions, including its acquiescence in the face of any threat.

It should be noted that the challenges that Kuwait is currently facing and the developments in the region suggest the need for firm positions, hard work, strengthening of the home front, transcending rivalries, not to be distracted by the score of points between the two parties involved. with the two authorities, and not to capitalize on internal events to increase the electoral balance.
Perhaps these questions weren’t of interest to those concerned before, as financial abundance from high oil prices had masked the flaws. Thus, diversifying sources of income was a slogan that everyone would sing but not seek to work towards its realization.

There are several examples around the world from which we could clearly have benefited, such as Switzerland for example. This country lacks natural resources, but it has worked to build a productive economy. Thanks to its strict laws, it has become the world’s financial treasury.
Another example is Norway. He not only depended on oil for his income, but instead invested it to build a massive economic and investment system that saw him profit from the world’s largest sovereign wealth fund.
Sadly, Kuwait, on the contrary, was afflicted with Dutch Disease, that is, laziness and slackness at work, as well as the reluctance of people to give up luxury and comfort, and the goodness of spending. sumptuous consumption.

All of this has been supported by parliaments who have worked to craft legislation that has helped fuel this syndrome, as well as by successive governments who have deliberately squandered in all aspects and rushed to buy loyalty through corruption. . This is what led us to this situation. At the very least, it has undermined national immunity and prevented any effort to build a productive economy.
Today, all these challenges impose the need for a new mentality in government and legislative action. However, it appears that what lies under the tip of the iceberg is massive. This means that the future government will not be able to change and that parliamentarians will not change their mentality. The country will therefore continue to go from bad to worse.

By Ahmed Al-Jarallah
Editor-in-Chief, The Arab Times







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