Economic Research Links Flawed Ideas to Egypt's Persistent Crises

The study highlights that the recurring economic crises in Egypt are the result of the accumulation of long-standing failed policies and institutions, including centralized planning and expansion of the public sector. These have led to weakened productivity, a decline in the quality of services, and an increase in public debt. It also indicates that the economic openness policies of the 1970s, despite their positive impacts on growth, did not fundamentally address issues of poverty and unemployment. Additionally, foreign investments were concentrated in non-productive sectors, making the economy more fragile. The study calls for comprehensive reforms in policies and institutions, focusing on building a strong productive base and achieving financial sustainability.

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