SOURCE: Voice of Bahrain: Gulf Daily News—“Succession Fears May Hit Egypt Growth”
Reports today suggest investors are nervous about what will happen to the Egyptian economy when its current leader, President Hosni Mubarak, steps down. Mubarak is seen as having been successful in keeping social pressures in the Arab country under control during his administration.
However, some analysts suggest that signs point to the transition being a smooth one, noting the nearly 45% rise in the Egyptian stock market and appreciating currency.
They also point to speculation that Mubarak is grooming his forty-three year old son Gamal to succeed him. From an economic standpoint, it is thought that he would do well as is credited with spearheading the reforms that have led to dramatic growth in the Egyptian economy.
FOR DISCUSSION:
How might a country preparing to undergo transition of political power protect its economy from nervous investors?
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