28/07/1997
Al-Ahram Al-Ektsady Magazine 1997/JULY /28
Egypt, in the past, had the 5th largest stock exchange in the world and had huge reserves of gold and deposits in English banks. Egypt’s participation in wars exhausted its economy, depleted its resources and blocked its positive attributes. Its economic reform program could be accomplished by taking small steps without implementing unbearable economic burdens supported by both the public and private sector.(Available in Arabic – German in PDF)
Egypt, the sleeping beauty, with over a 5 thousand year civilization expresses a brilliant promising future. Egypt is a renewable source, meeting the demands of other Arab countries for professionals and unskilled workers. Two economic schools emerged in Egypt. One opted for slow development. The other adopted liberalization of economic reform. President Mubarak’s decision to adopt an integrated economy theory moved Egypt economically to the current stage. In the past Egypt had the 5th largest stock exchange in the world and huge reserves of gold and deposits. Egypt’s participation in wars exhausted its economy and depleted its positive attributes. Egypt’s economic reform program could be accomplished by taking small steps without implementing unbearable economic burdens supported by both the private and public sector.