P. M. Ignatiev


Egypt is the demographic giant of the world with strategic location at the crossroads between different continents. The country was under rule of military generals since 1952 and the first competitive presidential elections in its history took place only in 2012. The latest period of military rule under the President Hosni Mubarak lasted from 1981 till 2011. It was a time of a relative stability and the lack of crucial reforms when Egypt was supported by generous US aid and tourism expenditures. Is this about to change after the ≪Arab Spring≫ and short term of Mohammed Morsi’s presidency? Such issues as demographic explosion and high levels of unemployment, forced military conscription, the lack of affordable housing and scarcity of water resources are examined. The author makes an attempt to analyze how Egypt is trying to cope with those challenges under the rule of Abdel Fattah el-Sisi. To this end he looks into the development of different spheres of economic activity like tourism, the transit via Suez Canal, remittances and cotton agriculture.

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