Egypt had been growing at reasonable rates of 5 and 6 percent a year, but those rates did not provide enough jobs for the rapidly growing population.\u00a0 Before the revolution, there was 10 percent unemployment and 25 percent youth unemployment.<\/p>\n
Political uncertainty following the revolution put investors on hold.\u00a0 Tourism, which has traditionally been 10 percent of Egypt\u2019s GNP, plummeted.\u00a0 The economy has taken a hit at a time when people already felt there were not enough opportunities.<\/p>\n
In the past the government used public sector jobs to keep the people happy.\u00a0 But the government was not able to expand quickly enough to employ everyone.\u00a0 This upset the population.\u00a0 Private sector jobs were not desirable, because they are not rules-based.\u00a0\u00a0 Education did not prepare people for the good jobs in manufacturing and technology.<\/p>\n
Fuel prices had been kept artificially low to make the people happy.\u00a0 That encouraged too much fuel consumption, smuggling.\u00a0 Benefits eventually skewed to the wealthy.<\/p>\n
Political uncertainty is holding back any progress now.\u00a0 This in depth article from Foreign Affairs gives a clear a picture of that situation. \u00a0\u00a0Egypt<\/a><\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Egypt had been growing at reasonable rates of 5 and 6 percent a year, but those rates did not provide enough jobs for the rapidly growing population.\u00a0 Before the revolution, there was 10 percent unemployment and 25 percent youth unemployment. … Continue reading ![\"Egypt1\"](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/08\/Egypt1-300x187.jpg\")
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