Our Views The Council of Ministers, in its Wednesday meeting chaired by Prime Minister Dr. Mustafa Madbouli, approved a draft law on some provisions for vacating premises rented out to legal persons for non-residential purposes. The first article specified the scope of the draft law, which was limited to places leased out to legal persons […]
Overview: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?Is it culture, the weather, geography? Perhaps ignorance of what the right policies are?Based on fifteen years of original […]
Overview: The startling picture of how China’s revolution in finance and technology is changing both Wall Street and the way individuals manage their personal finances. China reinvented money with lightning speed, transforming a backward, antiquated cash-based finance system into one centered on super-apps created by technology giants Alibaba and Tencent. More powerful than anything available […]
Overview: Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would have used such powers to build utopia. […]
This study was prepared by the Egyptian Center for Economic Studies (ECES) as part of its efforts in contribution to the preparations for COP27 which took place in Egypt in November 2022. The research team for this paper and all preparatory work involved: Abla Abdel-Latif, PhD, ECES Executive Director and Director of Research as Team […]
Overview: The Treasury is one of Britain’s oldest, most powerful and secretive institutions, one that has played a central role in shaping the country’s economic system. But all too often it has escaped public scrutiny when it comes to investigating the ups and downs of the UK economy.Its public image is one of stability in […]
Overview: Understanding Money Mechanics covers numerous topics, including the classical gold standard, the Fed’s open market operations, changes in central bank policy since the coronavirus, the economics of Bitcoin, and a critique of Modern Monetary Theory (MMT).
Over the past decade, the Egyptian economy has undergone significant negative structural shifts, skewing job creation towards lower productivity sectors. COVID[1]19 has further revealed Egypt’s labor market bottlenecks, vulnerability, and segmentation. This paper presents a holistic diagnosis of the labor market dynamics in Egypt, as well as at the sectoral level, in the crucial decade […]
Overview: International Debt Statistics (IDS), a long-standing annual publication of the World Bank, features external debt statistics and analysis for the 123 low- and middle-income countries that report to the World Bank Debtor Reporting System. IDS 2022 includes (1) an overview analyzing global trends in debt stocks of and debt flows to low- and middle-income […]
Overview: You Spend It. You Save It. You Never Have Enough of It. But how does money actually work?Understanding cash, currencies and the financial system is vital for making sense of what is going on in our world, especially now. Since the 2008 financial crisis, money has rarely been out of the headlines. Central banks […]