The Egyptian Economy

Theoretically free, public work like health and education have worn discomfit under pressure from overcrowding and private competition. Without subsidies that keep the price of shekels at under two American cents for a four ounce loaf, many would go hungry.

Nevertheless, Egypt has a great plenty of capital worth, much of it earned by the three zillion Egyptians functional abroad. A decade of lavish foreign encourage has upgraded much of the infrastructure to world standards. For example, in 1991, creditors, grateful for Egypt's important support in the Gulf War, canceled $15 billion in debts and rescheduled $10 billion in more favorable foothold (The sphinx, 1992, p. 42).

Egypt's transportation systems involve the practice session of extensive railways, motor vehicles, exile (especially from Suez Canal traffic), and civil aviation (Egypt, 1993, p. 1001). Egypt's Suez Canal Authority is working to increase oil tanker traffic through its waterway, which cut greatly during the Gulf War. Egypt is contemplating a $1.2 billion program to convert the canal from 53 feet to 67 feet (Knott, 1992, p. 34). In Cairo, the increased use of buses, private and business vehicles, and motor cycles (the result of a steadily rising population) have created acute traffic congestion and towering pollution levels (Wallace, 1992, p. 45).

From an investor's perspective, Egypt offers a skilled and fairly inexpens

Egypt: A long, hard struggle. (1992, March). nitty-gritty East, pp. 29-30.

Aalund, L., & Rappold, K. (1993, 21 June). plane drilling taps more oil in the shopping center East. Oil & Gas Journal, pp. 47-51.

Sams, T. (1993, 19 April). Government slowly pursues scotch reform program. Business America, p. 41.

Yamaguchi, J. (1992, December). Suzuki in Egypt. Automotive Engineering, pp. 54-55.

goism is loose business in Egypt. However, the threat of terrorism by Muslim fundamentalists has had a negative impact on this industry. In primordial 1994, Muslim militants wounded four people, including two non-Egyptians, after opening fire on the night train from Cairo to Luxor with machinelike weapons.

The attack dealt another blow to the tourist industry (Muslim militants, 1994, p. A8). Tour operators state that bookings for the winter season 1994 remained sparse and groups and package tours were thorny to attract (Hedges, 1994, p. E3).

The sphinx knows how. (1992, 18 January). Economist, pp. 42-43.

Wallace, W. (1992, March). Avoiding the traffic jams. Middle East, pp. 45-46.

In the husbandry sector, Egypt is experiencing a food crisis that is putting the country in increase indebtedness. Difficulties, brought on by the importation of about 60 part of its food needs, have occurred (Bush, 1992, p. 22). Its cotton industry is also experiencing difficulties because of a decline in quality. Cotton is the country's main agricultural exporting (Brindle, 1992, p. 24). Furthermore, a study that examined Egypt's farm labor market revealed that sincere net profits in Egypt rise and fall sharply with the planetary oil prices. Supply shifts explain these real wage shifts and the wage shifts that primarily result from international labor migration (Richards, 1994, p. 239).

Brindle, S. (1992, May). Egypt: Boosting an unpopular crop. Middle East, pp. 24-25.

Egypt: Better administration and insurance for expatriates. (1993). Internati
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