Can the ‘Infant Industry’ Protection Argument Help Egypt Overcome its Economic Crisis? ...Egypt

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Can the ‘Infant Industry’ Protection Argument Help Egypt Overcome its Economic Crisis?
Photo credit: Nestle via Flickr It is no secret that Egypt is suffering an economic whirlwind creating difficult living conditions for many. The most pertinent discovery in my personal opinion will be raw realization—coming to terms with the reality of Egypt’s longstanding structural imbalances and the fact that addressing them is the only way to sustainably move past an era of recurring crises and fragility in the face of external shocks. But it had best not come to that for the sake of the people, who are under immense pressure. A fundamental change is needed in the way we view and organize our economy to focus on fairness and resilience as opposed to macroeconomic growth and capital gain.

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