Egypt's Economic Transformation After Revolution

Running head: PROTECTIONISM AND FREE TRADE
Protectionism and Free Trade
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1PROTECTIONISM AND FREE TRADE
Table of Contents
Introduction......................................................................................................................................2
Ancient Trading in Egypt................................................................................................................3
Trading items...................................................................................................................................4
Egypt and the industrial revolution..................................................................................................6
Egypt and the information revolution..............................................................................................8
Information Revolution...................................................................................................................8
Economy of Egypt...........................................................................................................................9
Food imports..................................................................................................................................10
Mineral and energy resources........................................................................................................11
Conclusion.....................................................................................................................................12
Reference.......................................................................................................................................13

2PROTECTIONISM AND FREE TRADE
Introduction
Trade is a important process of the Civilization where it affects the aspects of the actions
either locally or internationally level. Trade is a process or action of selling and buying goods
from the markets. Though the trading the goods has been purchased or sales towards individual
or a community or a country where interference of any group has always makes the impacts with
one another. Egypt is one of the Ancient Country which consists of various natural resources but
there is not enough sufficient ways where the country had to really on trade for necessary goods
and luxuries. In the ancient history it has been found that the friend has started on the Predynastic
period in Egypt and it makes the continents of the trade market through the periods of Roman
Egypt1.
After a Revolution is it has become a great life line for many workers and people who
have suffered several tyrannical region and decline in economic and social conditions. However
after the evolution the Egypt economy looked really healthy and they are growing the trade in
local and international business market. The people of this country have played an important role
in the revolution where they have fought against the constant violation for improving their poor
economic condition and raise the culture, art and economic growth2. Trade and economic
Revolution has followed through an economic system which was not based on corruption and
other Monopoly or illicit games. Then it helps to gain the strength and helps to encourage in
investment priorities productivity and promotes the society’s earning. It took several years for
Egypt to gain their economic Revolution where it helps to economic development and
1 Khorshid, Motaz, Saad Nassar, and Victor Shaker. An Agriculture Economy Interaction Model for Egypt-Analysis
of the Proposed Free Trade Agreement with USA. No. 9243. EcoMod, 2016.
2 Omri, Anis, et al. "Financial development, environmental quality, trade and economic growth: What causes what in
MENA countries." Energy Economics 48 (2015): 242-252.

3PROTECTIONISM AND FREE TRADE
improvising the citizens3. When they gain their strength back it makes the appearance against the
legitimacy of economic system. It only allow the country for allocating resources to the various
production and service sectors where it helps provinces the generation of society and achieve the
basic goal in trading system. It basically consists of economic and national security modernizing
industry and economy high salary job opportunities generating intensive production fighting with
Monopoly ensuring fair distribution of income and promoting competitiveness, controlling price,
increases supporting the weak and countering foreign economic threats4.
Ancient Trading in Egypt
Most of the Egypt economy has dependent and control on a barter system without cash
until the Persian invasion has been introduced in the Egypt. On this period of time the trade has
been processed through an exchange of goods and services on a similar standard value for both
the parties become satisfied with the fair transaction. This service of trading is also known as a
Deben, which is recognized as a coin made of 90 grams of copper. Sometimes it also made of
silver or gold for expensive luxury items along with the proportionate changes in value5.
At the time of the first dynasty of Egypt the trade has been found with a profitable and
long establishment in Mesopotamia where the king introduced a strong Central Government at
the capital of Memphis and Bureaucracy also establishes switch control the details of trade
business of the country along with trading with neighbor lands. In this time Egypt has been make
the development of Egyptian art, religion and cultures due to the early trade partner of
Mesopotamia. The Sumerian culture also helps to develop the art. religion and culture of trading
3 Omri, Anis, et al. "Financial development, environmental quality, trade and economic growth: What causes what in
MENA countries." Energy Economics 48 (2015): 242-252.
4 Ashtor, Eliyahu. Levant Trade in the Middle Ages. Princeton University Press, 2014.
5 McCann, Anna Marguerite. The Roman port and fishery of Cosa: a center of ancient trade. Princeton University
Press, 2017.