Wednesday, July 1, 2009

Egypt Economy

Egypt Economic Profile, Egyptian Economy, Economy of Egypt
Egypt the home of an Oldest and richest civilization in the world was unified by Pharaoh Menes around 3200 B.C. Egypt became a British protectorate in 1914 and got independence in the year 1922 but the British troop left Egyptian territory in 1947.In 1953,the monarchy was abolished and the republic was established under the presidency of Mohamad Naguib.
The Socialist economic system during the 1950s and 1960s is considered as the backdrop of the Egypt Economy. The opening door policies of late 1970s and macro economic reforms in 1980s and 1990s has helped the private sectors in achieving a higher share in the economy. Egypt Economy And Social IndicatorsIn the year 2003 the total population of Egypt was at 67.6 millions. The annual average growth rate of the population was at 1.9 %. The density of peoples living per square Kilometer was at

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