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Full Article Follow Reuters Facebook Twitter RSS YouTube Read Gaddafi unburied as Libyans face test of new era | 11:18am EDT Gaddafi killed in hometown, Libya eyes future | 20 Oct 2011 Clues to Gaddafi's death concealed from public view 7:37am EDT Bachmann's New Hampshire campaign staff quits 21 Oct 2011 Gaddafi's children in exile, on the run, or dead 21 Oct 2011 Discussed 156 Gaddafi captured as he fled Sirte: NTC official 121 Strike shuts down Greece before austerity vote 102 Obama jobs roadshow seeks to tap anti-Wall St anger Watched Graphic video shows Gaddafi alive, manhandled before death Thu, Oct 20 2011 The hunt for Gaddafi in 60 seconds Thu, Oct 20 2011 Gaddafi, in meat locker, still divides Libya Fri, Oct 21 2011 Mideast power brokers call for "Marshall Plan" after unrest Tweet Share this Email Print Related News Arab world needs jobs, better governance, investment: WEF 10:24am EDT Analysis & Opinion Tunisian vote on Sunday set to give Islamists a share of power Where Islam and democracy meet, uneasily Related Topics World » Jordan » Leaders attend the opening ceremony of the World Economic Forum (WEF) on the Middle East at the King Hussein Convention Centre at the Dead Sea October 22, 2011. Pictured are Iraq's Kurdistan region Prime Minister Barham Salih (2nd L); Palestinian Prime Minister Salam Fayyad (3rd L); Pakistani President Asif Ali Zardari (4th L); Hilde Schwab (5th R), the wife of WEF founder Klaus Schwab; Jordan's Queen Rania (4th R), Spanish King Juan Carlos (3rd R), Qatar's Prime Minister and Foreign Minister Sheikh Hamad bin Jassim al-Thani (2nd R) and Jordan's Prince Faisal bin al-Hussein (R). Credit: Reuters/Majed Jaber By Khaled Yacoub Oweis DEAD SEA, Jordan | Sat Oct 22, 2011 10:24am EDT DEAD SEA, Jordan (Reuters) - Arab politicians and financiers at the World Economic Forum in Jordan called on Saturday for a huge injection of cash to narrow the inequalities that led to the Arab Spring revolts against authoritarian regimes across the region. Days after the killing of former Libyan dictator Muammar Gaddafi, senior figures said a home-grown version of the Marshall Plan was needed in the wake of the revolts, which have raised people's hopes for swift economic improvements after decades of corruption and mismanagement. The proposal was the most specific put forward by senior figures meeting at a luxurious Dead Sea convention center to try and chart a new economic course for the region after its most sweeping upheaval since colonial powers divided most of the Middle East following the downfall of the Ottoman Empire. Under the Marshall Plan, large sums flowed into Western Europe to rebuild the continent, restore productivity and prevent U.S. allies from falling under the Soviet sphere of influence. "I am afraid that Arab Spring could turn into an autumn if the issue of social justice is not achieved. A Marshall Plan is needed," said Hassan al-Boraei, Egypt's labor minister. "The old model of relying on state employment and big projects is no longer viable," Boraei said, adding that Egypt needed to find jobs for 950,000 people entering the workforce annually, with unemployment running at 12-17 percent. Outrage against autocratic rule and associated nepotism and corruption sparked a democratic revolution in Tunisia in December that cascaded into what has become known as the Arab Spring. So far, the revolts have toppled the leaders of Tunisia, Egypt and Libya, with mass protests continuing in Syria and Yemen, threatening their autocratic presidents. ANTIQUATED POLICES "If the Arab Spring hopes to achieve anything it is to attain good governance. This does not necessitate only democracy and freedom but social justice, meaning economic policies that meet popular aspirations," said Arab League Secretary General Nabil Elaraby. Prominent banker Ibrahim Dabdoub said the proposed "Arab Marshall Plan" could be funded by Gulf petrodollars and regional development banks, as there is little hope for major funding from Western nations dealing with their own economic trouble. "This region needs 85 million jobs ... and a Marshall Plan with the help of the World Bank and the International Monetary Fund has become a pre-requisite of development," said Dabdoub, a Palestinian who heads the National Bank of Kuwait, the country's biggest lender. Libya's Prime Minister Mahmoud Jibril was more skeptical about whether money alone would improve the region's lot, saying "the problem of the Arab world is not a question of money but the management of money." Jibril also said on Saturday that Libyans should be allowed to vote within eight months to elect a national council to draft a new constitution and form an interim government. Making a keynote speech at the conference, Qatar's Prime Minister Sheikh Hamad al-Thani said economic models had only benefited ruling classes and their cohorts, sparking the Arab Spring. Qatar, an absolute monarchy with one of the world's highest per capita incomes, has played an international role beyond its tiny size by virtue of its natural gas wealth and ownership of the satellite al-Jazeera channel. Al-Thani did not address the issue of funding but said Arab economic policies that rely on attracting investment in tourism and real estate while ignoring corruption and the need to raise productivity and education standards have largely failed. In recent years Arab states have tried to emulate the 'Dubai model', encouraging the setting up of big holding companies tied with the ruling hierarchy that were awarded privatization deals and embarked on large property ventures while public corruption deepened and unemployment remained stubbornly high. Asked about his advice for Arab rulers, al-Thani said: "Don't fight to stay in your position. What sort of power (will) you have after killing your own people?" (Additional reporting by Tom Pfeiffer and Suleiman al-Khalidi; Editing by Hugh Lawson) World Jordan Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (4) TrueWatchman wrote: It appears the natives are getting restless. It appears that leaders are addressing the core of the problems and not just the symptoms. I only wish this could be true in America. Oct 22, 2011 11:13am EDT -- Report as abuse Hrothgar wrote: Let’s avoid the use of the term, “Marshall Plan”. In the current situation in Central/West Asia that’s insulting General Marshall. Any comparison of the Central/West Asia of today to the Europe of 1945 is absurd. Lets call it instead a “self-contained, self-sourced economic stimulus plan using Arab petro dollars only”, and involving NO additional USAID or American cash or American taxpayers’ contributions in any form. We’ve bled enough. All others are welcome to contribute whatevercurrency they choose to accounts in Asia, but do not come to America with open palms for more ‘baksheesh’. Oct 22, 2011 11:15am EDT -- Report as abuse Tiu wrote: Hopefully they don’t follow the “developed” nations version of democracy where power is for sale to the highest bidder, and only those with the blessing of a media tycoon are eligible for election. Oct 22, 2011 11:49am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) 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