CAIRO: Head of the department of economics at Ain Shams University Dr. Yemen al-Hamaki in Egypt suggested selecting from the Turkish economic model and constructive criticizing and pointing out errors. Turkey's experience is the best and a good example for Egypt, al-Hamaki explained the simple idea of each state has its own characteristics citing and their consumption habits are different from Egyptians. This led to the high rate of inflation increased by 7.2 percent in May, the highest annual rate since January 2002. Al-Hamaki said this mistake shouldn't be repeated in Egypt. Al-Hamaki believes Egypt should foster business partnerships with Turkey and benefit both countries since they are in prime geographically positions in their respective continents, Africa and Europe. Egypt can also take advantage of Turkey's experience in certain areas such as industry, which witnessed a boom during the past few years. After being dependent on their exports of agricultural products. Turkey is now also dependent on manufactured products, increasing the proportion of exports, which was achieved after the creation of 100 new companies, each with a capital of up to U.S. $100 million and lead to the current boom.
