15 Hrs
Source:
المصري اليوم
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Refining the Development Compass
The article addresses the developmental situation in Egypt, focusing on the decline in living standards and the rise in poverty rates to 35-40% as a result of ineffective economic policies. It indicates that accumulating debts and services that hinder social justice obstruct sustainability and comprehensive development. Additionally, it explains that the "trickle-down" theory, which relies on the wealthy investing to elevate the poor, is ineffective, as the investments of the rich are primarily focused on trade and real estate sectors and do not directly contribute to reducing poverty. The article emphasizes the necessity of expanding employment opportunities and improving education and healthcare services for the impoverished segments of society, as enhancing the income and health of the poor benefits the entire community. Meanwhile, current policies have led to persistent unemployment and declining living standards, especially considering the impact of technological transformations on future job opportunities.
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