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Tuesday, 10 July 2018

Finally, someone who understands the economy gets a say among oped writers

Finally, someone who understands the economy gets a say among oped writers: HC Securities & Investment Chairman Hussein Choucri penned a piece on structural reforms for AMAY, breaking the monotony of the witchdoctor, pseudo-economist blathering we usually find among opinion writers. Choucri outlines five conditions for successful administrative and legislative reform. These include setting clear and measurable goals, choosing the right leadership at the helm of government agencies and empowering them, and providing them with the financial resources they need to implement their plan.

Shield law: Last, but not least, Choucri addresses a common concern raised by the business community about policymakers: They need to be shielded from the pitchfork-wielding masses, echoing Ahmed Heikal’s post-Revolution theme that while the corrupt should go down, there should be a shield law in place that protects honest public servants from third-party lawsuits for honest decisions made while in full possession of the facts.

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