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March 25, 2008

Rationalising 'rationalising'

by Oula Farawati, Al-Ahram Weekly, Egypt - After decades of heavy subsidies on basic commodities, starting with fuel and ending with bread and milk, Jordan decided to leave consumers to fare for themselves by lifting all subsidies and opening the market to competition, leaving Jordanians who have yet to understand market mechanisms struggling to strike a balance between their limited incomes and increased prices.

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