Podcast
Questions and Answers
What was the primary objective of the 1975 import-export law?
What was the primary objective of the 1975 import-export law?
- To nationalize private sector companies
- To reduce direct subsidies
- To establish free zones for foreign investments
- To enable private sector participation in imports (correct)
What led to violent riots in Egypt in January 1977?
What led to violent riots in Egypt in January 1977?
- The introduction of the open door policy
- The increase in prices of basic commodities (correct)
- The cancellation of food subsidies
- The nationalization of private sector companies
What was the eventual outcome of the government's attempts to reduce direct subsidies?
What was the eventual outcome of the government's attempts to reduce direct subsidies?
- Subsidies were replaced with indirect measures
- The decision to reduce subsidies was cancelled (correct)
- Subsidies were completely abolished
- Subsidies were gradually reduced
What was the focus of the open door policy?
What was the focus of the open door policy?
What was the government's indirect approach to reducing food subsidies?
What was the government's indirect approach to reducing food subsidies?
What did Law no. 43 for Arab and Foreign investments provide?
What did Law no. 43 for Arab and Foreign investments provide?
What was the primary reason for Egypt to adopt the Open Door Policy?
What was the primary reason for Egypt to adopt the Open Door Policy?
What was the result of the government's policy of employment for educated persons?
What was the result of the government's policy of employment for educated persons?
What was the impact of the rise in international food prices on Egypt's economy?
What was the impact of the rise in international food prices on Egypt's economy?
What was the purpose of Law No. 43 for Arab and Foreign Investments and Free Zones?
What was the purpose of Law No. 43 for Arab and Foreign Investments and Free Zones?
What was the consequence of the rapid increase in the cost of living in Egypt?
What was the consequence of the rapid increase in the cost of living in Egypt?
What was a consequence of the rising budget deficit in Egypt?
What was a consequence of the rising budget deficit in Egypt?
