Analyzing Strategies and Measures for Inclusive, Sustainable and Shared Growth: Egypt After the Uprisings

摘要

Economic Growth with the overuse of resources has come largely at the expense of the environment, inclusive green growth ensures that economic and environmental sustainability are compatible. Growth is necessary, but it will be unsustainable unless it is both socially inclusive and environmentally sound. Inclusive green growth requires tackling political and economic constraints, overcoming deeply entrenched behaviors and social norms, and developing innovative financing instruments to change incentives and promote innovation and thus address the market, policy, and institutional failures that lead to the overuse of natural assets. Economic and social sustainability, on the one hand, and social and environmental sustainability, on the other, have been found to be not only compatible, but also largely complementary. This paper attempts to introduce the importance of inclusive green growth with a direct focus on the implications of economic development and its impact on the environment. Focusing on Egypt as its case study and addressing the severe repercussions of the two Egyptian revolutions January 25 and June 30th from 2011 to date on the economy and what the government is attempting to do to recover. While looking into the current economic reform measures the Egyptian Government is introducing, this paper is providing a number of measures or recommendations to be taken in to consideration during policy formulation and if administered will facilitate and ensure a more equitable sustainable future for Egypt.