• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Friday, June 5, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Amer Al Sabaileh

New economic model needed  

Published on: March 20, 2017 2:13 AM

Although Jordan is facing various security challenges, its major issue is the economy. It is not a new problem, the economy has always been a major concern for Jordan, but it has evolved over time, and today there is a need for a new economic model for the country. World politics are changing. In Jordan, it is no longer possible to rely on the same policy of dependence on aid and donations.

While the country retains an important geopolitical position, there has been a distinct shift in the attitude of historic allies, including those from the Gulf countries.

We need new policies that underpin a revised economic model that accounts for these changes. After several attempts, it is clear that Jordan is in no position to become a business and financial hub like Dubai or Singapore. Jordanian decision makers need to be more realistic when coming up with an economic model, which should bring about the development of rural zones through micro-economic projects that fit into a strategy of food security. Jordan’s economic development plan in the 1950s and 1960s focused on agriculture, with cooperatives and farmers’ funds. We must go back to those plans, as our economy will continue to stagnate if we rely on donations and aid. IMF loans are becoming more difficult to administer and manage. The Ministry of Planning’s role should not be merely that of a seeker of donations and aid; it should be the place where real and effective planning is done that should lead to real change in local development, self-sustainability and even culture. This should extend to the de-radicalisation strategy, which can be helped not just by a change in the religious narrative and school curricula, but also by the socio-economic changes that public policies can achieve. People must be made to feel productive to appreciate their existence and this cannot be achieved if people do not feel that they participate in building their future. Higher taxation might be a short-term solution to budgetary woes, but it deepens the overall problems, increasing the number of crimes, social violence, users of drugs, terrorism and organised crime.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Oil falls on hopes of broader peace after Lebanon, Israel halt fighting

Meat exports grow by 4.16%

SBP-held foreign reserves rise by $43m to $17.9bn

Gold prices up by Rs 1,523 per tola

Rupee strengthens against dollar

Pakistan

Bilawal seeks heavy public mandate to protect GB’s rights

PM directs pilot launch of automated tax collection system in Islamabad

Federal budget on June 10

PM hails special ties with Washington at event marking US 250th anniversary

FO rubbishes reports of Dar sharing Iran nuclear information with Rubio

More Posts from this Category

Business

Pakistan’s exports to US up by 1.70% to $5.12bn in 10 months

Pakistan, Tajikistan set $200 million trade target, deepen ties at 8th JCM

Services’ exports up by 17.68% to $8.26bn

OGDCL’s new wells deliver record oil, gas output in FY26

Buying returns as PSX gains nearly 1,000 points

More Posts from this Category

World

No sign of progress in US-Iran talks as Hezbollah rejects truce

Vast accelerates race to replace ISS

Gulf crisis drives India-Venezuela oil partnership

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.