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Showing posts with the label economy

Is Egypt as rich as people believe it is?

Every time people cite Egypt's economic distress in front of an Egyptian, he most probably will bump retorting that this economic problems are surely due to political mismanagement, as Egypt is an incredibly resource-rich country which could one day reach the level of brethren Arab countries such as Saudi Arabia or wealthy countries in the region such as Israel? I have to say I, undoubtedly influenced by History courses about the incomparable Egyptian Empire, have always believed that fact. Until now. This week-end I found what I consider an enlightening article on the issue.