Egypt in the World Economy
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Egyptians like to tell guests that their country is the mother of the world. Indeed, it is an old country, which over the millennia belonged to a variety of cultural regions. Located in the Sahara and bordering on the Mediterranean Sea, it forms a junction between Europe and Africa. Sharing borders with Israel and access to the Red Sea with Saudi Arabia, it is also an integral part of the Middle East. Its society of about eighty million furnishes an armed force of over four hundred thousand (Harb 2003). Thanks to Egypt’s entertainment industry, which supplies the Arab Middle East with motion pictures, the local dialect is understood throughout the Arab world.
KeywordsPublic Sector International Monetary Fund World Economy Middle East Social Contract
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