Building a proactive state
Although most eyes are fixed on the coming elections, we should by no means disregard certain worrying trends in the international economy that could affect the future of the country more than the margin separating the two main contenders. The fact that oil prices have soared to over 80 dollars a barrel is having a direct impact on the domestic economy – particularly given that the budget was drafted when oil prices were at just 65 dollars a barrel. This increase complicates the challenge facing the next government, while also fueling uncertainty in a country that depends on oil for 70 percent of its energy needs. It also highlights the need to protect the environment, an issue that did not feature high on the campaign agenda. The devastating effect of the wildfires has reinforced demand for more rational environmental management. Sky-high oil prices have driven home the point of promoting the use of renewable energy sources. Governments are expected to prepare the country for the constantly changing conditions. That demands deep structural changes to create a proactive state and not one that is caught short of developments.
