Egypt, Foreign Investment, and Corruption
Foglamp and Global Integrity Managing Director Nathaniel Heller was recently interviewed for a National Public Radio piece exploring the corruption challenges associated with Egypt’s growing economy and foreign investment. It’s a long piece but worth the listen:
Nearly 30 years in office, Egypt’s President Hosni Mubarak has become a strong proponent of a market economy. Only vestiges remain of the state socialism that for decades defined Egypt. Enterprises like banks that were once state-owned are now firmly in private hands. Foreign investment, construction and tourism are growing and Egypt’s stock exchange, said to be the oldest in the Middle East, is thriving. But Egypt’s economy has some unusual elements, at least when looking at them with a Western eye.
You can access the full story here.