Egypt Economy
Egypt’s economic policy during 2004-2008 is best described as a command economy due to the government’s involvement in the process of reforming economic policies that were hindering the country ability to grow economically. The government’s involvement did help boost the growth rate by liberalizing trade. Egypt reduced the tariffs, tax cuts, deregulation, and made changes in investment regulations to fuel their economic growth. Eventually, with these changes Egypt saw great economic growth. Big name companies like Oracle and Microsoft built new office buildings and construction could be seen throughout the country. The reformed economic policies definitely helped boost Egypt’s growth rate as it provided more jobs and allowed outside businesses to operate within the country. Egypt’s economy was very vulnerable during the economic slowdown in global economic activity. The significant differences in economic status, combined with their heavy dependence on tourism and construction makes Egypt vulnerable during an economic slowdown. Although, Egypt saw much success after reforming there economic policies it didn’t completely solve all of Egypt’s economic crises. Inflation still remained high combined with the global economic crisis that affected all countries caused Egypt’s economic growth to slow down. Tourism bought some money to the country but declined greatly the following year. Many workers who worked abroad and sent money back home suffered as well as jobs in the Gulf Coast were cut backed or shutdown. Also, the large gap between the rich and poor is also a major factor in there high inflation rate
CHAPTER –II
INTRODUCTION TO MICROPROCESSORS
AND MICROCOMPUTERS MICROPROCESSOR
• A Microprocessor is a multipurpose, Programmable clock-driven, register based electronic device that read binary instruction from a storage device called memory, accepts binary data as input and processes data according to
CHAPTER –II
INTRODUCTION TO MICROPROCESSORS
AND MICROCOMPUTERS MICROPROCESSOR
• A Microprocessor is a multipurpose, Programmable clock-driven, register based electronic device that read binary instruction from a storage device called memory, accepts binary data as input and processes data according to