“Poor economic policy cannot continue forever,” Stocker said. REUTERS/Mohamed Abd El Ghany./File Photo
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The two countries that really stick out to us are Egypt, which is coming from a particularly low base, and Kuwait.Q: Tell me more about your experience in Egypt.A: I lived in Egypt in 2010, 2011, 2012 -- the good, the bad and the ugly; before, during, and after the revolution. I was there because under the Mubarak regime, in the later years, there had been a fairly aggressive and sustained effort to increase economic freedom in the country. Now that Egypt is credibly implementing such policy, [investors] have returned.With the current political climate, how are things different this time around for you in Egypt?However, in my published empirical work, countries with a low level of economic freedom, like Egypt, are more likely to have an increase in economic freedom if they are a democracy.The high level of economic freedom and the economic sensitivities of the leadership there are very good.Egypt is a gem, but it's not hidden.
FOLLOW THIS ARTICLE