| Popis: |
Egypt is one of the most important countries in the Middle East. It has considerable influence in Africa and Middle East due relatively to its large population, a strategic geographical position, military strength and diplomatic expertise. It has also played an important role in the resolution of Israeli-Palestinian conflict. It pioneered in establishing relations with Israel among the Arab countries. However, from the economical point of view, Egypt has long-standing structural deficits in trade balances and economic openness of Egypt has started to decrease in the last decade. Even though it endeavors to improve its conditions in education, economy and international relations, political instability after 2011 Arab Spring negatively affected Egypt's economy and political instability coupled with fear of terror-reduced revenues from tourism sector starting 2012. Therefore, Egypt should avoid any possibility of political instability to maintain long-term economic growth and should create an economic environment, which is more friendly to business. |
