06/04/2009
Al-Ahram Newspaper 2009/APRIL /06
Al-Ahram Newspaper 2009/APRIL /12
The international economic crisis has had a negative impact, resulting in an economic deterioration; but there’s still a bright side to the crisis. Another positive point being there are economies that will compete intensely with the American economy, which has squandered its resources on several military adventures. The European Union which is becoming increasingly powerful and tops the list followed by the Japanese economy, as well as Russia as a growing power, and ending with the Chinese economy with its economic mechanisms. ( Available in Arabic – German in PDF )
To the extent to which the Egyptian economy has recovered from the current international financial crisis, Dr. Nader Riad believes, there a number of procedures to be undertaken to minimize the effects of the crisis without facing major shocks, in the short run. They are as follows: Tightening the Central Banks control, more sagacious banking policy and maintaining deposits that attracts safe investment, reschedule debts for the Industrial construction and building sectors, explore ways to reduce the price of energy by looking at energy intensive industries, registering companies in the stock market and completing of infrastructure projects, most importantly railway projects and Phosphate.