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Essay / Research Paper Abstract
This 3 page paper provides numerous statistical data about Egypt’s economy and trade, including inflation rates, trade partners, imports and exports, unemployment, and the country’s budget. Egypt has recently requires a loan from the IMF. The director’s comments are reported. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: ME12_PG699810.doc
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Unformatted sample text from the term paper:
Mubarak, the leader of the country, subsequently stepped down. Even so, it was Mubarak and his predecessor, Anwar El-Sadat who had opened the countrys economy trying to entice foreign direct
investment (Central Intelligence Agency, 2012). Living conditions were poor and that did not change even with increased social spending. The economic areas most affected were manufacturing, tourism, and construction.
Agricultural products include cotton, corn, beans, fruits, rice, vegetables, water buffalo, cattle, sheep, and goats. Industries include chemicals, pharmaceuticals, food processing, textiles, hydrocarbons, light manufactures, tourism, cement, and metals. The
country exports and imports mostly commodities (Central Intelligence Agency, 2012). Their largest export partners are Italy (8.8 percent), Germany (5.5 percent), U.S. (5.5 percent), India 5.2 percent), Saudi Arabia
(5.1 percent), Spain (4.7 percent), and France (4.5 percent). Their largest Import partners are China (11.5 percent), U.S. (9.8 percent), Italy (5.6 percent), Germany 4.9 percent), Turkey 4.4 percent), and
Brazil (4.1 percent) (Central Intelligence Agency, 2012). Egypt imports mostly chemicals, foodstuffs, cereals, fuels, machinery, and electric equipment. It depends on oil exports for its economy. The three Gross
Domestic Product (GDP) areas identified are agriculture, 14.5 percent, industry, 37.6 percent, and services, 47.6 percent (Central Intelligence Agency, 2012). Services which would include tourism is the area on
which Egypt is most dependent for its revenue. Of these three, 32 percent of the labor force is in agriculture, 17 percent is in industry, and 51 percent is in
services. The unemployment rate is 12.2 percent and at least 20 percent live below the poverty line (Central Intelligence Agency, 2012). The public debt is 83.4 percent of
the GDP (Central Intelligence Agency, 2012). It is high but not as bad as some other countries in the world right now. There was some hint the country may
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