An Economic View of Egypt Research Paper Example | Topics and Well Written Essays - 2250 words

An Economic View of Egypt - Research wallpaper ExampleThe landed estate has a lot of military and presidential termal influence over a bite of countries in Africa and Middle East. This paper makes an investigation into the country from the economic and political points of view. The various economic indicators watch been thoroughly analyzed. Along with that the present issues that is of the biggest concern for the country has also been enume aimd. Finally a recommendation has been reard which provides an acumen into the prospects and the possible way forward for the country. Research Objective The country of Egypt has gone through various turbulences in the recent times. This has some effect on the economic and political condition of the country and has brought the country downstairs various challenges. The objective of this paper is to find out the various nuances of the economic and the political aspects of the country. The study would provide an insight into impact of the h appening in the country as well as find a feasible solution to the host of problems. Literate Review The economic and political aspects of the present day Egypt has been captured in the writings of a number of researchers. The existing political scenario of a particular country has a transmit impact on the economy. The well being of a country is largely dependent on the benevolent of governance that is existent in the country. The major indicator of the development of any economy is the crop rate of the GDP. From the figure below it can be concluded the Egypt experienced a growth rate which feel fluctuated over a period of time. The country has set about phases of positive trend in the rate of growth of the economy during the period from 1992 to 1998 and again from 2003 to 2008 as see in the diagram below. However the economy faced a major downturn with the growth rate bottoming out during 2011. The chief reason behind this is the political turbulence that had been taking place in the country due to the removal of Hosni Mubarak from the political control of the government of Egypt. The country recovered from the drastic situation with an extremely slow pace which resulted due to the various affectionate and economic challenges that the newly formed government faced. The national issues had greater significance at that point of time. However, the legitimate GDP showed a positive trend in the growth rate by 2.0 % in the course of instruction 2012. The consumption expenditure of the government also increased during this phase which justified the path of recovery of the country. The country has always reported a very high rate of inflation which remained above 10% with the consumer damage index always having a double digit figure. After the period of political turbulence, in 2012 as the economy recovered the inflation rate was also brought under control and was reported to be 8.7%. However, the up-to-dateness of Egypt faced a huge amount of depreciation because of the high rate of depletion in the remote reserves of the country. This resulted in the weakening of the currency and exchange rate for the country became very vulnerable. The diagram that follows explains the position of foreign exchange of the country. During the year 2012, the foreign exchange reserve of Egypt slowly went down. This resulted in a low take aim of reserve as low as 13424.1 million US dollars in 2013.