The socio-economic problems in Egypt: is the way out of the crisis possible?
Currently, the Egyptian economy has quite problematic times. On one hand, coming to power of the military in 2014, who brought down President Morsi, and the association «Muslim Brotherhood», President-elect Al-Sisi’s promise to reform socio-economic policy, was meant to lead the country out of the i...
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| Format: | Article |
| Language: | Russian |
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Russian Academy of Entrepreneurship
2020-01-01
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| Series: | Путеводитель предпринимателя |
| Subjects: | |
| Online Access: | https://www.pp-mag.ru/jour/article/view/130 |
| _version_ | 1826569176550998016 |
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| author | S. Yu. Babenkova |
| author_facet | S. Yu. Babenkova |
| author_sort | S. Yu. Babenkova |
| collection | DOAJ |
| description | Currently, the Egyptian economy has quite problematic times. On one hand, coming to power of the military in 2014, who brought down President Morsi, and the association «Muslim Brotherhood», President-elect Al-Sisi’s promise to reform socio-economic policy, was meant to lead the country out of the indefinite political chaos and return stability; on the other hand, the country’s Government’s recent actions say about short-sightedness of their economic steps. It must be pointed out that perhaps not enough flexible system of the interaction between the authorities and people, the corruption in the bureaucracy impede significant state reforms. In doing so, the financial interests of some major dominant groups are put before the interests of the general population of the country, including the middle class of the business community. Solving problems and searchingfor the way out of the crisis must be primarily performed by the Government by finding domestic economic potential, adoption of large-scale programmes aimed at the modernization of the competitive domestic market, provision constant financial links for the small and medium-sized businesses to satisfy necessary socio-economic needs of the state. |
| first_indexed | 2024-04-10T03:50:07Z |
| format | Article |
| id | doaj.art-1a791cee59e9492883dbf0510ea731f1 |
| institution | Directory Open Access Journal |
| issn | 2073-9885 2687-136X |
| language | Russian |
| last_indexed | 2025-03-14T11:35:10Z |
| publishDate | 2020-01-01 |
| publisher | Russian Academy of Entrepreneurship |
| record_format | Article |
| series | Путеводитель предпринимателя |
| spelling | doaj.art-1a791cee59e9492883dbf0510ea731f12025-03-02T10:02:11ZrusRussian Academy of EntrepreneurshipПутеводитель предпринимателя2073-98852687-136X2020-01-01037619129The socio-economic problems in Egypt: is the way out of the crisis possible?S. Yu. Babenkova0Institute of Oriental Studies of the Russian Academy of SciencesCurrently, the Egyptian economy has quite problematic times. On one hand, coming to power of the military in 2014, who brought down President Morsi, and the association «Muslim Brotherhood», President-elect Al-Sisi’s promise to reform socio-economic policy, was meant to lead the country out of the indefinite political chaos and return stability; on the other hand, the country’s Government’s recent actions say about short-sightedness of their economic steps. It must be pointed out that perhaps not enough flexible system of the interaction between the authorities and people, the corruption in the bureaucracy impede significant state reforms. In doing so, the financial interests of some major dominant groups are put before the interests of the general population of the country, including the middle class of the business community. Solving problems and searchingfor the way out of the crisis must be primarily performed by the Government by finding domestic economic potential, adoption of large-scale programmes aimed at the modernization of the competitive domestic market, provision constant financial links for the small and medium-sized businesses to satisfy necessary socio-economic needs of the state.https://www.pp-mag.ru/jour/article/view/130egyptinvestmentscrisissocio-economic problemsfinanceinflationinternational monetary fundthe suez canal |
| spellingShingle | S. Yu. Babenkova The socio-economic problems in Egypt: is the way out of the crisis possible? Путеводитель предпринимателя egypt investments crisis socio-economic problems finance inflation international monetary fund the suez canal |
| title | The socio-economic problems in Egypt: is the way out of the crisis possible? |
| title_full | The socio-economic problems in Egypt: is the way out of the crisis possible? |
| title_fullStr | The socio-economic problems in Egypt: is the way out of the crisis possible? |
| title_full_unstemmed | The socio-economic problems in Egypt: is the way out of the crisis possible? |
| title_short | The socio-economic problems in Egypt: is the way out of the crisis possible? |
| title_sort | socio economic problems in egypt is the way out of the crisis possible |
| topic | egypt investments crisis socio-economic problems finance inflation international monetary fund the suez canal |
| url | https://www.pp-mag.ru/jour/article/view/130 |
| work_keys_str_mv | AT syubabenkova thesocioeconomicproblemsinegyptisthewayoutofthecrisispossible AT syubabenkova socioeconomicproblemsinegyptisthewayoutofthecrisispossible |