Page 7 - Issue-En-44

ELITE
Vol.1

Issue 44

June 2022 for economic growth.
The negative effects of the Russia-Ukraine
on the Egyptian and global economy
cannot be denied, but the issue, as Keynes
has previously stated, is that times of crisis
expose weaknesses in the national

economy. This is what happened recently,
as the current crisis revealed the budget
deficit, the increase in poverty rates, and
the rise in the costs of global commodities
and fuel. I believe that Egypt is capable of
achieving an economic breakthrough,
provided that it implements a consistent
group of policies - especially since Egypt
has credibility in the global, regional, and
Arab financial market. It can make a real
economic breakthrough by focusing on the countries, I found that the concept of
growth of the real economy, such as getting hired immediately after graduation
agriculture and industry, and not on doesn’t exist; instead, they rely on the
marginal sectors. I believe that Egypt’s student’s qualification for what is known
future is in industrialization, drawing up as studying the needs of the labor market
clear, stable industrial policies, and by traveling to other countries to study,
controlling corruption, not in the tens of volunteer, and get exposure to how
laws that hinder growth in these sectors. companies work, and that’s what happened
Therefore, the Industrial Authority’s with my son and daughter during their

prestige, authority, and independence must educational experience; hence, the systems
be restored. linking education to the labor market are
I also believe that short-term policies are direct.
essential now to address the crisis, like I also studied India’s experience in human
relying on domestic products instead of development. India had maintained the
importing alternatives. This matter doesn’t English educational system, and that’s
require great efforts, but rather good their secret to advancement. They also rely
leaders and supportive, consenting on what is known as the civil service exam
citizens, hence the importance of national for those wanting to work in the
dialogues. government. This exam is considered one

of the most difficult exams in the world.
Question: Based on your experience, France has the same system, and this helps
which combined academic study and reduce the pressure on the labor market
actual application in the fields of work and while simultaneously preparing students

employment, as the faculty’s magazine, well-equipped with a skill set matching the
our students are always concerned about needs of the labor market, and that’s what
6 how to combine what they studied with the we call thinking outside the box.
needs of the labor market. In your opinion,
how can this important equation be Question: With the current circumstances
applied? putting pressure on the economy, great
Through my experience with advanced concern and obstacle to investors or people