Egypt is Thinking About the Future

For decades, Egypt has been developing under the pressure of unfavorable factors that consistently complicate the work of its reproductive mechanisms, the functioning of the market and other institutions, and result in a series of economic turmoil, social tensions, and political upheavals. In certai...

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Main Authors: V. A. Isaev, A. O. Filonik
Format: Article
Language:Russian
Published: Government of the Russian Federation, Financial University 2024-08-01
Series:Мир новой экономики
Subjects:
Online Access:https://wne.fa.ru/jour/article/view/433
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author V. A. Isaev
A. O. Filonik
author_facet V. A. Isaev
A. O. Filonik
author_sort V. A. Isaev
collection DOAJ
description For decades, Egypt has been developing under the pressure of unfavorable factors that consistently complicate the work of its reproductive mechanisms, the functioning of the market and other institutions, and result in a series of economic turmoil, social tensions, and political upheavals. In certain periods, the country managed, under favorable circumstances, to mobilize its capabilities to temporarily offset and compensate for the negative influence of internal and external factors and even demonstrate signs of some macroeconomic stability. But the general trend, characteristic of and inherent in an economy developing in harsh conditions, did not give a chance to stay on a more or less constant course for a long time. At the beginning of the second decade of the new century, violent popular uprisings and demonstrations actually led the country to a serious crisis. Its echoes are still felt today, and they carry an element of extremely undesirable destabilization for the largest state in the region. Egypt has historically retained the status of a regional power, no longer the only one, but involved in almost all economic and political initiatives and processes developing in the Arab region, playing an important role in them, which, naturally, should be supported by the corresponding economic potential.
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spelling doaj-art-876e3dea04a74279a3a56b66e9c36b7d2025-08-04T10:21:28ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722024-08-01182293910.26794/2220-6469-2024-18-2-29-39423Egypt is Thinking About the FutureV. A. Isaev0A. O. Filonik1Institute of Asian and African Studies; Lomonosov Moscow State UniversityInstitute of Oriental Studies, Russian Academy of SciencesFor decades, Egypt has been developing under the pressure of unfavorable factors that consistently complicate the work of its reproductive mechanisms, the functioning of the market and other institutions, and result in a series of economic turmoil, social tensions, and political upheavals. In certain periods, the country managed, under favorable circumstances, to mobilize its capabilities to temporarily offset and compensate for the negative influence of internal and external factors and even demonstrate signs of some macroeconomic stability. But the general trend, characteristic of and inherent in an economy developing in harsh conditions, did not give a chance to stay on a more or less constant course for a long time. At the beginning of the second decade of the new century, violent popular uprisings and demonstrations actually led the country to a serious crisis. Its echoes are still felt today, and they carry an element of extremely undesirable destabilization for the largest state in the region. Egypt has historically retained the status of a regional power, no longer the only one, but involved in almost all economic and political initiatives and processes developing in the Arab region, playing an important role in them, which, naturally, should be supported by the corresponding economic potential.https://wne.fa.ru/jour/article/view/433egyptdeficitproblemsbudgetresourcesmarketeconomic potentialliberalizationdiversificationmodernizationreformsdevelopment strategyhydrocarbons
spellingShingle V. A. Isaev
A. O. Filonik
Egypt is Thinking About the Future
Мир новой экономики
egypt
deficit
problems
budget
resources
market
economic potential
liberalization
diversification
modernization
reforms
development strategy
hydrocarbons
title Egypt is Thinking About the Future
title_full Egypt is Thinking About the Future
title_fullStr Egypt is Thinking About the Future
title_full_unstemmed Egypt is Thinking About the Future
title_short Egypt is Thinking About the Future
title_sort egypt is thinking about the future
topic egypt
deficit
problems
budget
resources
market
economic potential
liberalization
diversification
modernization
reforms
development strategy
hydrocarbons
url https://wne.fa.ru/jour/article/view/433
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