GOOD GOVERNANCE STRATEGY IN ALGERIA...ENGAGING THE PRIVATE SECTOR IN DEVELOPMENT
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Abstract
Algeria is among the countries that have continued to strive to involve the local and foreign private sector, especially after the adoption of the 1989 Constitution and the move towards political and economic openness to lay the foundations for good governance. To keep pace with global economic changes in all fields, it has put in place legal texts and regulatory legislation, the first of which is the legislative decree 93-12, law 01-03, and law 16-09. In addition to reforms that included tax legislation, customs procedures and the banking system in order to encourage and stimulate the private sector. However, from a practical point of view, investment has faced a number of obstacles, difficulties and barriers that have prevented the achievement of the set goals. Therefore, and in order for the process to succeed again in the framework of the continuity of good governance, it is linked to the provision of economic, security and political conditions, while also taking into account - as well - bilateral and multilateral international agreements related to investment, which prompted the Algerian legislator to issue a new law, Law 22-18 for the organization of investment, which seems from a theoretical and formal point of view more qualified than the previous one to encourage the private sector in its two forms, in order to achieve development and create added value.
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