05/05/2003
May Magazine 2003/MAY /05
The author of this article believes that foreign trade liberalization and industrial modernization are strictly interconnected and are indeed essential to develop the Egyptian economy. Egyptian firms and enterprises would become more competitive at the international level and the financial conditions of Egyptian workers as a whole would eventually improve.(Available in Arabic – German in PDF )
The author of this article believes that foreign trade liberalization and industrial modernization are strictly interconnected and are indeed essential to develop the Egyptian economy. Modernization means bringing in new, state-of-the-art technology and training workers to use it. This would increase their productivity and, consequently, the ability of the Egyptian industry to stand on an equal footing with its foreign competitors. Foreign trade liberalization would improve the investment and economic climate in Egypt. This would attract more foreign investors, thus creating new activities and more job opportunities. Yet for all this to happen, Egypt must first trust its own economy and producers.