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The Egyptian economy is worsening at a faster rate than the Greek economy. The political instability of the country and the strongly socialist and Islamist (and badly written) constitution that President Morsi is attempting to force into action only discourages more investors from abroad.
Additionally, much of Egypt's economy was previously controlled by a few wealthy families since they were the ones with the requisite education to make them profitable. Now, many of these large firms have been subdivided and contracted to "average" Egyptians who lack sufficient business-knowledge to run them well, causing compounding internal failures.
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What is Egypt's economic systems?
Primarily a free market economy with some state control.
What was the state of the political economy in Egypt in 2010?
The political economy in Egypt in 2010 was extremely unstable. This contributed to the uprising of much of the ordinary population and the overthrow of Mubarak.
Is Egypt a market economy?
Egypt is a free market economy.
What is the modern Egypt economy?
Egypt's economy is primarily tourism-based.
How is communism still relevant today in china and Egypt?
China is rapidly turning into a mixed economy. a mixture of socialism and private enterprise Egypt was never a communist state. and is now in a political state of flux.
What is the base of Egypt's economy?
Egypt's economy is based mainly on agriculture, media, petroleum exports, and tourism.
Is Egypts economy good or bad?
the economy is Egypt is bad because they have contaminated water all over Africa.
Which state is Egypt in?
Egypt is a country. It is not in any state.
What type of government does Egypt have?
Egypt is officially a REPUBLIC, but it functions much more as if it were a military junta.
Is Egypt's an developed or undeveloped economy?
Egypt is an undeveloped country and has NO strong economy.
What improvements did Cleopatra make for Egypt?
she rebuilt Egypt & raised the economy
Current economy in Egypt?
mixed
