Salah El-Amrousi argues that boosting exports needs more than just a QIZ protocol
The October 2005 report by the Egyptian Ministry of Foreign Trade and Industry shows that all the hype about on has been misleading.
You may recall that the government (...)
Deregulation alone does not lure foreign direct investment, argues Salah El-Amrousi
Press reports have been cropping up of a surge in foreign direct investment (FDI) to Egypt. In the fiscal year 2004/05 we are told that FDI climbed to $3.9 billion, (...)
Salah El-Amrousi assesses the economic platforms presented by the Ghad, Wafd and NDP parties
Given this country's record of unemployment and inflation, the economy seems to be just as important to the public as democracy and political reform. So (...)
Salah El-Amrousi says the new tax law is biased against the poor
The government has staged a tax reform with all the trappings of a media fanfare. The reform, we're told, will allay the tax burden for all classes of society. It would increase tax (...)
Salah El-Amrousi sees pitfalls in the new income tax law
Following two months of intermittent debate, the People's Assembly has approved the new law for income taxes. Aside from minor re- wording, the assembly approved the law as it was presented by (...)
Salah El-Amrousi argues that Egypt's economic problems are too big for QIZ to tackle alone
Qualified Industrial Zones (QIZs) have been trumpeted as a panacea. We have been told that they will send exports soaring and catapulting the economy into (...)
Salah El-Amrousi argues that politics lie at the heart of the agreement establishing Qualified Industrial Zones in Egypt
The agreement on Qualified Industrial Zones (QIZ) had generated much controversy even before it was signed on 14 December 2004. (...)
Salah El-Amrousi wonders just how much trade liberalisation can help exports
Not one of the recent NDP Congress's working papers addresses export strategy, although we have been told for years that this strategy is a matter of "life or death". Not (...)
Tariff reductions have repeatedly failed to bring about the development and industrialisation that developing countries need. Salah El-Amrousi argues that we should learn from experience
The recent tariff reduction was simply another step down (...)
The merger between the industry and foreign trade ministries is not enough. Salah El-Amrousi urges a more interventionist approach
The ministries of industry and foreign trade were merged in the recent cabinet reshuffle. The move is reminiscent of (...)
Salah El-Amrousi argues that the free flow of foreign capital is not necessary for economic development
Whenever neo-liberals, in Egypt or elsewhere, speak of foreign direct investment (FDI), they tend to make two arguments. The first is that FDI is (...)
Salah El-Amrousi questions the causal relationship between economic freedom and economic development
The 2003 Index of Economic Freedom (IEF), released by the Heritage Foundation and the Wall Street Journal, claims to have the final say in what (...)
Do the latest figures on the Egyptian economy herald recovery or signal crisis? asks Salah El-Amrousi
Official statements and figures have painted a rosy picture of the Egyptian economy, particularly concerning its relations with the international (...)
The current government plans for Egyptian industry are much more about renovation than modernisation, writes Salah El-Amrousi
Addressing a roundtable seminar earlier this year on the state of industrial development, former Minister of Industry (...)
High interest rates create runaway debtors and offer little help to the economy, argues Salah El-Amrousi*
The bad loans crisis has brought to the fore the question of interest rates. Many have blamed high interest rates, among other things, for the (...)
Industrialisation in the Arab world has fallen way behind other developing countries. This is the cause of the region's chronic underdevelopment, writes Salah El-Amrousi
Industrial development in the Arab world has been sluggish. Indeed, it is (...)
Egypt is liberalising trade, but, Salah El-Amrousy argues, it does not need to liberalise capital movements
One of the ironies of monetary policy in Egypt is that, at a time when we are complaining of foreign exchange shortages and griping over the (...)