Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt joins Advanced Breast Cancer Global Alliance as health expert wins seat    Singapore's Destiny Energy to build $210m green ammonia facilities in Egypt's SCZONE    Egyptian pound gains slightly against dollar in early Wednesday trade    Egypt, Uzbekistan explore renewable energy investment opportunities    Egypt's ICT sector a government priority, creating 70,000 new jobs, says PM    Egypt's SCZONE, China discuss boosting investment in auto, clean energy sectors    Tensions escalate in Gaza as Israeli violations persist, humanitarian crisis deepens    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    French court grants early release to former President Nicolas Sarkozy    Egypt releases 2023 State of Environment Report    Egypt's Al-Sisi, Russian security chief discuss Gaza, Ukraine and bilateral ties    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US-Muslim Brotherhood relations key to Egypt's economy?
Published in Bikya Masr on 18 - 02 - 2012

Cairo – Egypt continues to struggle with violence in the wake of political uncertainty and transition. Yet despite the domestic turmoil, there has been a positive development – the relationship between the United States and the Muslim Brotherhood has improved after decades of mutual distrust. In January, high-level US and Muslim Brotherhood officials met and posed for pictures at the headquarters of the Brotherhood-affiliated Freedom and Justice Party (FJP) in Cairo. This meeting constitutes the first step towards greater understanding between the two sides and an acceptance of new political realities in the region.
For decades, the Muslim Brotherhood criticized the United States for supporting dictatorships in the Arab world. On the other hand, the United States never believed political Islamic movements to be capable of adopting and abiding by the rules of democracy and maintaining US interests in the region.
This gradual thawing in US-Muslim Brotherhood relations wouldn't have taken place without recent political changes, primarily the results of Egypt's parliamentary elections, in which the FJP garnered roughly 45 percent of the powerful lower house seats. Pragmatism on both sides calls for each party to try to understand the other better. Simply put, the Muslim Brotherhood and the United States both have a vested interest in maintaining a relationship with each other.
On the other hand, for the Muslim Brotherhood and the United States to enter into a partnership, they will need to start a real and open political and economic dialogue. A less interventionist approach in Arab and Muslim countries coupled with more economic assistance would be high on the list of potential Brotherhood gains from this partnership. In order for the new model to succeed, stereotypes of the “radical Islamists” and “imperialist America” need to fall by the wayside. By honestly brokering a just and lasting solution to the Arab-Israeli conflict and treating the rising democracies in the Arab world as equals, the United States can help the Brotherhood get rid of its stereotype of an “imperialist America”. And by reconciling their ideology with their new responsibilities, and understanding American interests in the region, the Brotherhood can help Washington to move past the image of the group as “radical Islamists”.
On an economic level, the Brotherhood will likely seek an increase in US foreign aid to Egypt. US aid to Egypt currently includes $1.3 billion in military aid and $250 million for economic development, education and related causes; the United States has provided aid to Egypt, accompanied by political pressures, over the past three decades. The Brotherhood can aim for an economic partnership that ensures more American investments are injected into Egypt's crumbling economy, as well as a free trade agreement allowing more Egyptian exports into the American market. Given its ideological inclination toward a free market economy, the Brotherhood can learn a great deal from America's capitalist model.
While the Brotherhood will not go as far as adopting an American-inspired neo-liberal approach to the economy – as such an approach was one of the reasons Egyptians revolted against the Mubarak regime – the United States might still help the FJP create a blueprint for an efficient economy that can compete in increasingly globalized markets. For example, American experts can assist the new government of Egypt in developing an economic program that can help Egyptian industries manufacture a considerable number of goods that the country currently imports. If it is efficiently implemented, such a program can trigger a breakthrough in the Egyptian economy and help lift millions out of poverty.
The Brotherhood is in fact currently preparing a “Renaissance Project” which is meant to achieve high rates of economic growth through boosting industrialization and exports, adopting good governance, and triggering breakthroughs in education and health services. The ultimate aim of this project would be to transform Egypt from a rentier economy – which primarily counts on revenues from oil, the Suez Canal and expatriates' remittances – to an economy growing through industrial and agricultural exports. In drafting this project, FJP senior members are flying to Japan, South Korea, Singapore, India, Turkey, Germany and Brazil to learn from international success stories. Their next stop could be Washington, where they can benefit from American expertise in achieving high levels of growth, industrialization and boosting small and medium enterprises and good governance.
The forging of an open relationship between the United States and the Brotherhood might have stalled for decades. Yet now, more than ever before, it seems the right time to begin to explore such mutually beneficial and sustainable partnership.
###
* Mohamed El-Sayed is a journalist for the Al-Ahram Weekly newspaper in Egypt.
This article was written for the Common Ground News Service (CGNews).
BM
ShortURL: http://goo.gl/vxTZq
Tags: Brotherhood, Economy, United States
Section: Business, Egypt, Latest News


Clic here to read the story from its source.