Govenrment and Business Environment Case Study

Mohamed Rachid: Egypt's Minister of Modernization

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Abstract:
In its quest to transform the economy from a controlled economy to a liberal economy, the Egyptian government appointed Mohamed Rachid, a senior executive at Unilever, as its Minister of Foreign Trade and Industry. After assuming the office in 2004, Mohamed Rachid has taken bold steps to rejuvenate the neglected industries, which have the potential to become major industries of Egypt. The modus operandi that Mohamed Rachid adopted was to forge trade relations with countries including Israel, a diehard foe of Egypt, which was expected to trigger political unrest in the state. On the contrary it has received support from all quarters. Mohamed Rachid, has also revived trade ties with the US, which have shown instant results. While sceptics say that the reforms are affecting the Egyptian economy negatively, Mohamed Rachid is undeterred.

Pedagogical Objectives:

• To discuss the validity of Mohamed Rachid’s reform policies and the drawbacks of the Egyptian economy.

Keywords : Government and Business Environment Case Study,Egypt under the British rule, Egyptian economy, Modernisation of Egyptian economy, Egypt?s furniture industry, Automobile industry in Egypt, Qualifying industrial zones, Egypt?s textile exports, Economic reforms in Egypt, Investments in Egypt, A brief history of Egypt