What caused the deterioration of the Egyptian Economy from the view of Research Paper

What caused the deterioration of the Egyptian Economy from the view of Egyptians over 40 - Research Paper Example Furthermore, the absence of investment and poor economic system led to currency devaluation and hence increased cost of living. This paper is a discussion to establish what caused the deterioration of the Egyptian Economy. A Congressional Research Service entitled â€Å"Egypt and the IMF† conducted by Nelson and Sharp found out that the Egyptian economy has swiftly deteriorated since the 2011 revolution (Nelson & Sharp 2013). The revolution put the Egyptian political system into a state of anarchy. They elucidate that the anarchic political nature led to sudden drop in the flow of foreign capital into Egypt. As a result, policy makers and economic analysts observed that even though the economic growth may be positive, the Egyptian Central Bank faced the risk of being depleted of foreign exchange reserves. This crumbly economic situation further put Egypt and the entire bordering region in jeopardy and instability. Moreover, the Egyptian economic history reveals that the rate of unemployment was at 9.2 % before the revolution took place, but this shot up to 12.3 % in the year 2012. This prompted the Egyptian authorities and the International Monetary Fund (IMF) to engage in negotiations in order to forge ways and reforms of salvaging the collapsing Egyptian Economy. Shockingly, reports emerged that Egyptian authorities were hesitant to commit to such an agreement citing that it might drastically increase the country’s debt. This research is aimed at establishing the cause behind the deteriorating Egyptian Economy. The rationale of this paper lies on the fact that countries, both developed and developing, thrive on stable economic grounds. This is because nations derive their strengths from stable economies which define their growth and development. The evidence of this is likened to dwindling economies reported from countries like Zimbabwe whose economy has

M3A1 PART B Essay Example | Topics and Well Written Essays - 500 words

M3A1 PART B - Essay Example Improve the communication patterns of the company: Communication is one of the fundamental requirements for any company to succeed. Unlike in GM, where the communication channels involved long rigorous procedures that discouraged the employees (Kurtz & Boone, 2011). The communication channels between the employees and the senior management should be open and reliable to enable the employees have a feel that the company acknowledges their views and ideas. Therefore, their productivity would improve as they forward their challenges to the management (Huq, 2010). Enhance teamwork within the company: Teamwork enables the employees have a better understanding of each other and promotes cordial relations within the working environment (Kurtz & Boone, 2011). By so doing, the workers feel comfortable while at work and this enhances their overall productivity due to the existence of good understanding and sharing of ideas. Sharing ideas is important since the workers can come up with an idea that could prove to be the turn-around moment for the company like a new invention (Moorhead & Griffin, 2011). Creating a sense of responsibility among the employees: The management ought to let the employee’s opportunities to demonstrate their levels of responsibility by making them in charge. This may involve letting them have total control over an asset and monitoring its usage from a vantage point (Lashley, 2012). This makes them have the idea that they are trusted in the company hence they form a sense of responsibility and consequently carry out their works diligently. Moreover, they can sum up courage and make viable decisions in the absence of the company managers (Huq, 2010). Involving the employees in the decision making process of the company: When employees get involved in the decision making processes of a company, they are instilled with a sense of belonging and they get a mental set of associating