Egyptian Private Enterprises in the Aftermath of the Revolution : An Investment Climate Update
The January 25th revolution is an enormously important political event for Egypt, but attention to its economic consequences is also vital. The Egyptian revolution reflected a popular movement in favor of dramatic changes in the way citizens were g...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/09/16795760/egyptian-private-enterprises-aftermath-revolution-investment-climate-update http://hdl.handle.net/10986/16154 |
| Summary: | The January 25th revolution is an
enormously important political event for Egypt, but
attention to its economic consequences is also vital. The
Egyptian revolution reflected a popular movement in favor of
dramatic changes in the way citizens were governed and the
way resources and opportunities were distributed in society.
Expectations were extremely high, especially among the
youth, for a new era of a more responsive government and an
economy that offered employment, more inclusive growth and
stability. Prior to the revolution, Egypt had high
unemployment rates. The unemployment rate for 15 to
24-year-olds in particular was estimated at 33 percent. It
also points to the need for improved competition in
financial services, and competitive forces more generally,
to address the needs of fast-growing Small and Medium
Enterprises (SMEs). |
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