Insightful article.
Entrepreneurship and private enterprise creation will need to finally be given free reign. As measured by the World Bank, Egypt ranks near the global bottom in enterprise creation: for every 1000 persons of working age, 0.13 enterprises come into existence yearly. Bureaucracy and registration expenses remain much higher than the world average, to which one should add the cost of corruption and bribes. Many of the business-oriented reforms promised by the past few governments have only seen the light in the form of legal texts and remain to be implemented. A more concerted approach, involving the government, private and citizen sectors, could allow young entrepreneurs to create their own enterprises and build their own economic future–in the true spirit of the Egyptian revolution.
Yes.
