MAHMOUD FAROUK

NEWS + ANALYSIS

WHY EGYPT IS NOT ON A PATH TO END ITS LONG STRUGGLE WITH POVERTY

December 9, 2019 | by Mahmoud Farouk

In 1979, Fouad Ajami wrote that Egypt finds herself between her “pride and place, between her limited material resources and her unbounded psychological esteem for herself, between her old glory and her current poverty." Forty years later, Egyptians are still immersed in the same contrast, and their struggle to leave poverty is still evident. The economic figures such as GDP coming from Egypt in the last three years raise three questions: 1) Is the Egyptian government on the right track to end its long-standing struggle with poverty, or are the figures nothing but recurrence of the previous wave of economic improvement before 2011? 2) Why are Egyptians unhappy with the recent reforms? and 3) What are the missing policies to make Egyptian society benefit from economic reforms?

READ MORE