Page 5 - Issue 66

Volume 1 ELITE ISSUE 66

coherent position because most of the countries around us are
suffering. Egypt has an educated and good human force, Qatar,
Saudi Arabia, Kuwait, and the UAE have financial resources,
and Sudan and other countries have agricultural and animal
resources; add to this diversity, oil and energy resources; If we
Arabs join hands, our enemies would not underestimate our
strength. "Hold strongly to the rope of God all of you, and do
not disperse."
the Russian-Ukrainian war erupted, and because Egypt depended
on importing wheat, other food resources, and energy, it affected the
7-There is no doubt that the economic crisis is reflected in all
exchange rate in Egypt and the shipping costs. We tried to overcome
countries of the world, so what are the opportunities and
this crisis, but the geopolitical and regional situation deteriorated:
challenges of the international economic context
the invasion of Gaza, the displacement of Palestinians, the
The most important challenge facing us is the inflation of food
extermination of the Palestinian people by the Zionists, and a series
prices, despite that Egypt was originally an agricultural
of assassinations and continuous attacks. These conditions affected
country. Unfortunately, we have a problem with food security
the revenues of the Suez Canal, so we lost about 50 % of its revenues.
because we import a lot of foodstuffs. The high international
Tourism, which is a very important source of income for Egyp, has
prices, the difficulty of importing them, and the cost of
also been affected. Followingly, such conditions resulted in a very
transporting them hinder Egypt's food security, which affects
high inflation and price level, and domestic tourism was negatively
the standard of living. Poverty is also strongly related to food
affected; as tourists became worried about visiting the region as a
and prices. Of course, high prices of energy and fertilizers
whole.
affected the Egyptian agricultural sector.
To limit the adverse implications of these disruptions, monetary
policy should aim at reducing inflation and maintain exchange rate
flexibility. Fiscal policy should reduce tax evasion and tax To reduce the burden, the state is forced to provide some kind
of support to various categories, and this is reflected in the
avoidance, broaden the tax base, and reduce public domestic and
external debt. Policies should provide positive incentives to promote state's general budget, increasing the budget deficit and, of
real productive sectors such as agriculture, manufacturing, and course, increasing indebtedness.
information technology services. Institutional reforms are much
needed for investors, to limit monopolistic practices and provide new But despite all of this, we have a role, the first of which is to
productive and decent jobs. increase state revenues through more efficient tax
administration as the large informal sector in the Egyptian
5-According to our experience as Former Feps’ Vice Dean for economy does not pay taxes. Widening the tax base is not
Postgraduate Studies and Research and a member of the Academy of intended to raise the tax but to increase the number of people
Scientific Research is great; what steps should be taken to develop and companies and eliminate tax evasion. If revenues increase,
scientific research in the country? it is easier to spend on health education and increase social
Recently I have been interested in exports and imports. Because we protection.
see that the current conflicts are not only economic but also
technological, and they are being used by Israel inhumanely. So We must also take good care of the real productive sectors:
technology has become a double-edged sword. Therefore, all agriculture, industry, and communication services. We depend
countries must prepare their young people with science, discipline, heavily on imports, so it's time to produce with our own hands
and research so that they can compete with the rest of the world in so that we no longer be under the pressure of unrest around the
the field of technology. I believe that research should not be limited
world. I recommend that you value work, as respecting the
to traditional ideas or topics but we also need to challenge ourselves
value of work and not relying on others is one of the most
to to keep up with the advanced civilizations. For instance, Digital
important life skills.
computing and quantum technology were among the things that we
only heard about and had little experience with. That’s why through
8-We would like to congratulate you on winning the State Award
the course of the research plan that we were developing for the
for Excellence in Social Sciences, how did you reach this great
college, we started to research in those areas. What's important now
achievement?
is the application, we don't want read-only research, we want to see
Thank you for your interest in conducting this meeting with
enthusiastic young people who want to apply these things.
me, this is a great honor for me, and thank you for this
appreciation. For a person to receive recognition and honor
6-The unfortunate events taking place in the Middle East are reflected
from the state, one must have worked and continued this
in the regional economy, from your point of view, what policy should be
diligence over many years; this award is based on the
taken to keep abreast of the regional situation?
achievements of an individual over fifteen or twenty years.
We have been always advocating for joint Arab actions. If we are
Therefore, I encourage all my colleagues, students, and friends
talking about Arab food security or the geopolitical problems facing
to get excited about knowledge production and keep up with
us, we would hope that the Arab countries would take a united and
the Times.
YEARS ANNIVERSARY
YEARS ANNIVERSARY
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