Kathryn
It was on fire when I laid down on it.
Perspective, perspective, perspective. Just as I was "poor" and yet "rich" at the same time, Egypt has been "secular, free, and prosperous" and "extreme, oppressed, and poverty stricken" simultaneously.
Some interesting facts about Egypt (and fair warning - I am going to post these in several threads because they are relevant):
Since implementing relevant pro-business economic reforms, the modern Egyptian economy has become one of the fastest growing among emerging markets. In contrast to a low of 3.2 percent in the 2002-2003 fiscal years, Egypt experienced GDP growth of 7.2 percent for the third year in a row till the first quarter of 2009.
Growth has been broad-based across manufacturing, the hydrocarbon sector, construction, services, tourism and agriculture, with the main drivers being private consumption and investment supported by relatively large inflows of FDI.
Since 2005, Egypt's annual GDP growth rates have outpaced averages for the newly industrialized Asian economies and the entire Middle East.
International Recognition
Job Creation
Rising Human Development
Between 1980 and 2007 Egypt’s Human Development Index (HDI) rose 42%. The HDI is a measure of development progress based on health, education and income. This level of growth is among the tenth largest worldwide tied with Pakistan.
Since the launch of the Economic Reform program in 2005, Egypt has sustained and broad based growth in all sectors of the economy; achievements that have been recognized by the international community most notably in the World Bank’s Annual Doing business report where Egypt has been designated as a top global reformer for the fourth year in a row.
Egypt is ranked fourth for freedom of the press out of nineteen countries in Middle East and North Africa.
Egypt News, Egypt Current Events, Modern Egyptian Society, Egyptian Tourism | Modern Egypt Info
Some interesting facts about Egypt (and fair warning - I am going to post these in several threads because they are relevant):
Since implementing relevant pro-business economic reforms, the modern Egyptian economy has become one of the fastest growing among emerging markets. In contrast to a low of 3.2 percent in the 2002-2003 fiscal years, Egypt experienced GDP growth of 7.2 percent for the third year in a row till the first quarter of 2009.
Growth has been broad-based across manufacturing, the hydrocarbon sector, construction, services, tourism and agriculture, with the main drivers being private consumption and investment supported by relatively large inflows of FDI.
Since 2005, Egypt's annual GDP growth rates have outpaced averages for the newly industrialized Asian economies and the entire Middle East.
International Recognition
- Egypt was named the top regional reformer for 2009 and in the top ten globally in the annual World Bank publication Doing Business.
- H.E. Mahmoud Mohieldin, the Minister of Investment in Egypt since 2004, was nominated a Young Global Leader of the World Economic Forum and a member of the Commission on Growth and Development in 2005.
Job Creation
- Egypt's work force - at 24.8 million people - is the largest among Arab countries and the third largest in the Middle East and North African region.
- Egypt's economic liberalization policies have led to a significant increase in investments, which has brought down unemployment in Egypt from 11.8 percent in 2005 to 8.6 percent in 2008.
- The Minister of Trade and Industry, Rashid Mohamed Rashid, has taken an active role in encouraging export-oriented manufacturing. Under his watch, export revenues have increased by 50 percent.
- In the past five years, the government has negotiated free-trade agreements and preferential trading arrangements with Arab States (Pan Arab Free Trade Area), COMESA (East and Southern Africa), the EU (Partnership Agreement) and Turkey.
- Modern Egypt has an open and flourishing stock market that ranks number two in the entire Middle East region, second only to Bahrain.
- Egypt continues to receive significant levels of foreign direct investment (FDI). Its FDI reached nearly $20 billion in 2008, a 40 percent increase over the previous year.
Rising Human Development
Between 1980 and 2007 Egypt’s Human Development Index (HDI) rose 42%. The HDI is a measure of development progress based on health, education and income. This level of growth is among the tenth largest worldwide tied with Pakistan.
- Egypt’s average annual HDI growth was 10th fastest worldwide and almost double the global average.
Since the launch of the Economic Reform program in 2005, Egypt has sustained and broad based growth in all sectors of the economy; achievements that have been recognized by the international community most notably in the World Bank’s Annual Doing business report where Egypt has been designated as a top global reformer for the fourth year in a row.
- This sustained economic development has allowed the Government to increase tax revenues by 67% while reducing overall tax rates by half.
- This increase in tax revenue has also allowe the governent to nearly double social spening in the national budget in the same period
- Most importantly, the Egyptian economy has been able to create 3.4 Million jobs between 2005/2006 & 2008/2009
- The Government of Egypt’s reform program has paid off for all Egyptians. Between 2005 & 2008 Poverty, as defined by those living under $2/day, fell over 11%
- The reform program has not achieved growth at the expense of a growing gap between rich and poor in Egypt. In fact the Gini Index, the international measure of wealth inequality, actually fell 7% between 1999 & 2007.
- Further evidence of this, is that the share of the poorest 10% in national income rose 5% and the share of richest 10% feel 6% in the same period. The ratio of the wealth of the richest to the poorest 10% also fell 10%. All of which indicates a more just distribution of wealth.
- Nonetheless, the Government is committed enhancing the social returns of reform through improved targeting of social programs
- The percentage of women registered for voting increased from 18 percent in 1986 to 39.8 percent in 2007;
- In 2003, a woman was made a justice on the Supreme Constitutional Court by presidential decree, officially making her the country's first-ever female judge;
- In 2007, 30 women were appointed as judges presiding over family courts;
- Recently, Egypt's parliament passed a law allocating a quota of 64 seats in the lower house to women, thus giving women more than 12 percent of the seats in an expanded parliament after the next election in 2010. In comparison, women make up 17 percent of the U.S. Congress. Conversely, Egypt's neighbors do not have female representation of that level: women make up 8 percent of Kuwait's parliament and hold 2 percent of the parliament seats in Lebanon;
- 25.7% of top management positions in the state are held by women
- The proportion of women holding public office increased from 7 percent in 1988 to 23.5 percent in 2003.
- The first woman cabinet minister was appointed in 1962. Ever since, women have been assigned at least one or two portfolios in each cabinet. Currently, three women serve in the cabinet: Minister of Manpower and Immigration Aisha Abdel-Hady Abdel-Ghany, Minister of International Cooperation Fayza Abul Naga and Minister of State for Family and Population Mosheera Mahmoud Khattab.
- In 2008, Egypt became the first country in the Muslim World to appoint a female wedding officer (Maazun) to undertake Muslim marriage procedures.
- Women account for 49 percent of students enrolled in universities and higher education institutions;
- Total enrollment rate of females in all the stages of pre-university education showed higher levels than those for male enrollment in 2004-2005;
- In the middle of the 20th century, Cairo's al-Azhar University, the second oldest university in the world still in operation, underwent a series of reforms that led to, amongst other things, the opening of a women's college.
- Egypt has succeeded in achieving significant reduction in the maternal mortality ratio, mortality rates have declined from 84 per thousand in 2000 to 62.7 per thousand in 2006.
- In 2001, the Ministry of Health and Population in collaboration with USAID started implementing a National Maternal Mortality Surveillance System (NMMSS);
- There was a significant increase in the proportions of mothers assisted at delivery by medical provider - from 61.5 percent in 2000 to 78.6 percent in 2006;
- There was also a significant increase in the proportions of women who delivered in health facilities - from 48.2 percent in 2000 to 64.6 percent in 2005;
- The contraceptive prevalence rate has shown an increasing trend over time: from 47.6 percent in 1991 to 56.1 percent in 2000 then to 59.2 percent in 2005;
- The percentage of women who gave birth at an age younger than 18 decreased from 23.7 in 1992 to 20.4 in 2000 then to 15.8 in 2005.
Egypt is ranked fourth for freedom of the press out of nineteen countries in Middle East and North Africa.
Egypt News, Egypt Current Events, Modern Egyptian Society, Egyptian Tourism | Modern Egypt Info