Boosting Trade in Egypt
Reforming is not for the faint-hearted. The reform path is unpredictable even when all your stones are well-aligned. Indeed, in many cases nothing the author has planned works according to schedule. To prepare for surprises, either pleasant or unpl...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/10/9890685/boosting-trade-egypt http://hdl.handle.net/10986/10641 |
| Summary: | Reforming is not for the faint-hearted.
The reform path is unpredictable even when all your stones
are well-aligned. Indeed, in many cases nothing the author
has planned works according to schedule. To prepare for
surprises, either pleasant or unpleasant, the author ask the
team what they think can go wrong and tell them to expect it
to happen. This approach is important in the author role as
minister of trade and industry, part of the new economic
reform team appointed in 2004 by President Mubarak. The team
was tasked with reviving the Egyptian economy to achieve
economic growth levels of 6 percent, provide employment
opportunities to the 650,000 new entrants to the job market,
and double both the foreign direct investment inflows and
total trade, through more integration into the world
economy. To add to the pressure, elections were due in 2005
and without any demonstrable change, the new cabinet risked
not being in government any more. The need for reform was imperative. |
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