Saturday, July 6, 2013

Egypt's new age of unrest is a taste of things to come

Nafeez Ahmed | guardian.co.uk:
"Egypt's oil production peaked in 1996, and since then has declined by around 26%.
...
Egypt has suffered from horrendous debt levels at about 80.5% of its GDP, far higher than most other countries in the region. Inequality is also high, widening over the last decade in the wake of neoliberal 'structural adjustment' reforms implemented throughout the region since the 1980s with debilitating effects, including contraction of social welfare, reduction of wages, and lack of infrastructure investment."