Egypt Needs Bold Economic Leadership
Coverage of Egypt over the past three years has focused on the dramatic political events, yet it was the dire economic situation that created the pressure for the multiple uprisings. And if economic decline is not reversed over the next few years, Egypt might fall over an economic precipice that risks rendering the country eventually ungovernable. Security and political reform are urgently necessary in their own right, and will have a positive effect on the economy if achieved, but bold structural economic reform is also necessary to reverse Egypt’s downward spiral.