| Summary/Abstract |
Last November, currency depreciation and a sugar crisis broke out successively in Egypt, which meant the Egyptian economy had not taken a turn for the better since the January 25th Revolution of 2011, and was continuing to deteriorate. From a longer point of view, Egypt is thefirst country within the capitalist periphery that has tried to rise, but whose efforts have failed. According to statistics, in 1960, indexes of life expectancy and per capita GDP in Egypt were roughly equivalent to those of South Korea, while its per capita GDP today is only one-fifth of that of South Korea, with rampant poverty and malnutrition. Currently, half of the 80 million Egyptian population lives on less than US$2 a day. The collapse of the Mubarak regime in 2011, to a large extent, resulted from the long-term aggregation of all sorts of contradictions within Egypt. What are the causes that have repeatedly thwarted the Egyptian dream to build a powerful nation? This paper intends to analyze the issue from three perspectives: ruling foundation, development path and external strategy.
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