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ARAB
Not that rainbow SPRIN
ORIGINS AND PROSPECTS
• One of the great ironies of the art of political and economic
forecasting is that forecasters virtually never anticipate the timing of
major events.
• The recent events at the start of 2011 in North Africa seem to fall
within this category of unpredictability; most observers knew that
change of some kind was inevitable but nobody knew when it would
happen, nor were they aware of the events that would spark the
process off.
• In the wake of such events, policy makers often seek to attribute
blame for the failure to anticipate the Black Swans that have occurred
In the wake of such events, policy makers often
seek to attribute blame for the failure to
anticipate the Black Swans that have occurred;
pointlessly since, by their very nature they are
unpredictable, except for the fact that the
dominant purpose of policy
To be concluded by
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