Algerian Economic Policy in Light of the Good Governance Indicators An Analytical Study for the Period 2019–2024

Abstract

This study aims to analyse Algerian economic policy from 2019 to 2024 in light of good governance indicators. It will examine the impact of transparency, government effectiveness, the rule of law, political stability, freedom of expression, accountability and perceptions of corruption on the effectiveness of these policies.
During this period, Algeria experienced significant political and economic transformations due to a number of factors, most notably the 2019 popular uprising, the repercussions of the COVID-19 pandemic, and the decline in fuel prices. The state also moved towards adopting new economic and legislative reforms, most notably the 2022 Investment Law. The study employed a descriptive-analytical approach based on economic data and international reports issued by global financial and economic institutions.
The study concluded that the effectiveness of Algeria's economic policy has remained largely linked to the quality of governance and the effectiveness of public institutions. Furthermore, persistent bureaucracy, weak institutional coordination, and corruption have posed major challenges that have limited the effectiveness of economic reforms and efforts toward economic diversification. Achieving economic development requires the strengthening of good governance principles, the improvement of the investment climate, the development of public administration, and the promotion of transparency and accountability.