22/07/2013

Rolling either way? Algerian entrepreneurs as both agents of change and means of preservation of the system. Part II

Analysis

Rolling either way? Algerian entrepreneurs as both agents of change and means of preservation of the system. Part II

By Amel Boubekeur, researcher at Centre Jacques Berque, Rabat, Maroc. 

President Chadli Bendjedid’s ascension to power coincided with a significant rise in oil prices between 1979 and 1981. A policy of restructuring public companies was undertaken. Breaking socialist enterprises into smaller units restructured the leadership of these public companies and above all created numerous positions of responsibility that were predominantly assigned to Chadli’s allies and his family (Grim 2004). To the president, this presented an opportunity to marginalise the old guard in the FLN as well as their national managers. One of the most high-profile actions was the establishment of a Court of Auditors in 1980 which convicted Abde-laziz Bouteflika, then foreign minister and close collaborator of Boumediene, for embezzlement.

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