 |
Some of the solutions proposed for Egypt's economic problems
Will
remain weak infrastructure most important barriers to starting the
development process in Egypt, no doubt that Egypt needs in the next
phase to intensify investment operations to raise the levels outlined
infrastructure and focus on the implementation of projects that
facilitate business performance and raise the competitiveness of the
Egyptian economy, such projects should be given priority in the next
phase. However, it should be noted that Egypt probably will
not be able to assess the infrastructure alone, and will need
substantial financial assistance to be able to, in this regard Egypt can
use the facilities offered by financial institutions such as the
International Finance Bank.
There
is no disagreement that the fight against poverty will be the battle of
Egypt major at some point after the revolution, there is no doubt that
the society in which more than 40% of the population of two dollars a
day or less is a community facing a real crisis, how will Egypt be able
to raise the income levels of each These? There is no way
but to work to raise growth rates and increasing production levels and
then raise incomes, a task unfortunately requires time and effort,
however, Egypt today desperately need to resist popular demands to lift
income levels for the time being, and to spread the spirit of national
and responsibility to different categories of workers, and instill
values increase production and improve quality, and create a spirit of
creativity and innovation among employees in various fields, and to
raise awareness of the different categories that the increase in wages
in order not to harm the levels of living must Antjoha themselves, not
to give them state them from sources other than real, or rather the
sources of inflationary bounce them in a negative thereafter. The
problem is that many of those who stopped work, demanding more wages do
not understand the rules of the game in the economy, in particular the
conditions necessary for real increases in income levels. Any
increase in wages by pounds must accompanied by a net increase in
productivity equals pounds at least, in other words, the real increases
in the wages of workers who will produce, not the government, so that
the increases that come through the government, are in the most matter
What is through more fiscal deficit in the budget, which is reflected in
the increase in public debt levels, or through more printing money, and
such increases as a result of one must teach those who pretend
demanding increase in their wages, which inflation. Few
workers who realize that the increases they received was already past
harm them or benefit them, and it probably would have been better for
the workers to continue the old wages without getting nominal increases
in those salaries eroded thereafter by inflation. However,
the reduction of demands increase access at the moment must be
accompanied at the same time focus on fighting inflationary pressures,
as a way to raise the purchasing power of citizens, particularly of
people with limited income and fixed, and they are the most vulnerable
to the negative effects of inflation.
On
the other hand, addressing the problem of unemployment will require
Egypt need to adopt growth strategies and different production, which
depends mainly on the availability of work item, so Egypt can deal with
large numbers entering the labor market, and benefit from the
comparative advantage offered by this situation now in the Egyptian
economy The big goal of the licenses for the cost of this item. Egypt
permission needs to adopt industrial strategies mimic those adopted by
China, in order to face the pressures faced by the labor market, which
plays where FDI inflows vital role, and to achieve that Egypt needs to
provide a condensed set of incentives to foreign investment in the areas
of productivity, which expands the industrial base of the Egyptian
economy, based on local resources and capacity of human large, and at
the same time resistance activities parasitic that generate huge amounts
of money on those who out without adding growth a real in the
productive capacity of the state, particularly the activities of land
speculation and real estate and stocks.
Egypt
also need to modify the structure of the tax to be fairer by, and works
to encourage investment in areas produced by another, and so as not to
collect taxes primarily from groups with low incomes, as is now, and in
all cases, where are the imposition of high taxes on transactions in
parasitic activities and activities which are based on speculation, so
you get the state the right to growth that occurs in the capital value
of the assets breed parasitic incomes, rather than go completely to
speculators, regardless of their nationality.
Egypt
needs also to amend the legislation on the activities of corruption and
beatings with an iron fist by the corrupt, and hardware configuration
independent and effective to deal with corruption, and a special task
force to fight corruption, and so are open all files of corruption, be
dealt with strictly, and regardless of personal suspected In doing
exercise, for example file Sahara territory must open and make sure the
state of the land allocated and sent to the purposes that have been
allocated towards it basically, and stop the state from the sale of
land, so allocate land for investment with continued state ownership to
them, and serious state differentiate between who make those lands to
its intended purpose already, and others who speculate on the sands of
the desert in order to reap billions, without a real benefit the
country.
Egypt
needs to check all their bureaucratic business climate, and facilitate
these systems and the abolition of unnecessary steps or interest until
at least enable local and foreign investors to work in a friendly
business environment, and to be able to attract the necessary
investments for the next stage in the quantities you need in areas that
seek to their development, and so also eliminate the chances of
corruption caused by bureaucratic complexity of the systems for doing
business in Egypt.
Egypt
also need to raise liquidity International today more than ever before,
and this requires the seeking authorities to lenders in order to exempt
Egypt from the side of the debt list, or at least postpone the
repayment and restructuring of this debt on the basis of better terms,
especially and that there are doubts about the reasons for Egypt to
borrow this money, and dials that have been directing this money to
them, so that the process of raising the levels of international
liquidity currently through borrowing will be costly too, and due to the
high margin سيطلبه investors to lend to the state in such
circumstances, especially that Egypt needs to borrow will be high. Egypt also need to encourage Arab funds to invest in Heliopolis, Egypt transparent, corruption-free. The
shares corruption of previous governments, to poison the investment
climate in Egypt and make it unfortunately climate is not valid for
productive investment long-term, appealed foreign investment into areas
unproductive or speculative rather than in the areas of real production,
and such areas of investment did not help Egypt to deal with the
problems of unemployment and inflation, as appropriate. New
investment strategy Egypt must move away from, or does not encourage
such, these investment activities yielding limited development. Egypt
needs to build a wall of trust with investors in the real sectors of
the economy, whether local or foreign investors, in order to provide
incentives for them to invest hard in the fields and not producing
sterile areas unproductive.
We have no doubt that Egypt after the January 25 revolution will not be like those that were before it, and that efforts youth and men who have this great revolution will focus on raising production levels in all sectors, informed by example for leaders coming, and their governments civilian democratically elected and enjoyed utmost transparency and integrity, and the men who put the interest of Egypt above all else, and manage the state's resources to serve the development and progress in the first foundation, and respect the fundamental rights of the citizen, and mourn justice, equality and equal opportunities for all, putting the mind to give maximum freedom for citizens to secure the powers creativity and their innovation. Such values are needed by Egypt in the future to ensure the loyalty and dedication of its people and their contribution to ensure the progress of Egypt and put them in the ranks of emerging nations in the world
