Economic system in Egypt

Egyptian private sector economic system: ready to take action Egypt is known for its complex economy, the Egyptian private sector is smaller than other emerging markets. Hundreds of listed companies have been privatized fully or partially over the past four years, but the public sector still accounts for nearly 70% of GDP. However, judging from the rapid growth of domestic largest family business, this situation is not expected to be achieved within the next five years.

The Egyptian economic system mainly because people take care of themselves. People spend time thinking about how to store enough food to survive on themselves, not on national interests or economic benefits. In Egypt you can see a slightly different system that the focus is not so personal. For this reason it may be possible for the Egyptians to establish such strong powers. Their population is more generous, and most of them are willing to help each other out as much as possible.

In 1882, Egypt was "acquired" legally into one of Europe's largest countries (Country Cromer, 1908). Especially the failures of the national economic system at the Suez Canal and the strategic economic and military land placement have wanted many European countries to democratize the country. The United Kingdom succeeded in achieving this goal by placing a battleship assigned to Alexandria (Cleary, n.d.). The British protectorate, founded only in 1914, was officially established but Egypt was greatly influenced by the early 19th century imperialism due to the selfish motive of England. Egypt has been influenced by economic and infrastructure improvements, westernization of Egypt, continued failure of education and medical systems, and the loss of Egypt's freedom, indigenous exploitation and death, and revolutionary work (Rogers , 2016).

Egypt was conquered by the Ottoman Turks in 1517, later became the state of the Ottoman Empire. Defensive militarization destroyed its civil society and the economic system. The weakening of the economic system coupled with the influence of the plague has made Egypt vulnerable to foreign invasions. Portuguese traders took over their trade. Between 1687 and 1731, Egypt experienced six famine. The famine of 1784 accounted for about a sixth of the population. Egypt maintained semi-autonomy right under Mamluk until the invasion of the French Napoleonic Bonaparte army in 1798 (see France campaign in Egypt and Syria). After the French army was defeated by the British army, Egypt created an Albanian mercenary who served the vacuum of power, Ottoman Turkey who had dominated Egypt for centuries, Mamluk in Egypt, and the Ottoman Empire.