The Extent of the Success of Economic Reform Program in Accelerating the Economic Development in Egypt and Kuwait | ||
| المجلة العلمية للإقتصاد و التجارة | ||
| Article 23, Volume 47, Issue 4, 2017, Pages 989-1024 PDF (478.83 K) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/jsec.2017.40123 | ||
| Author | ||
| Sahar Abdullah Hemaly | ||
| Faculty member Doctorate in economics Open Arab University – Kuwait Branch Business Administration Program | ||
| Abstract | ||
| The success of implementing any developmental plan is related to the progress achieved by the country in the field of local competition within the country itself. Also, to build a strong and broad base of local suppliers, as well as creating a high awareness and continuous requirements of the domestic consumer, making adoption of sound economic reform program, which, in turn, accelerates economic development, which is located within the priorities of the national plans. So, this study has made an explanation of the concept of economic reform, its main objectives, its success factors and the obstacles to its application. The study showed that there are several strategic approaches to achieve the economic reform program include the totalitarian approach, which considers the economic reform as an integral part of the political, economic and social situations, and launches towards economic development and reform in the framework of a comprehensive strategy. Also, there is the partial approach that launches towards reform via the gradual reform and considers reform as a restoration process of the constituent parts of update inputs, such as increased productivity, achieve a measure of economic and social equity, establish new knowledge and develop the institutions of production and services. The study concluded that the program of economic reform in Egypt and the Arab world has not achieved its objectives for many reasons such as not taking into account the economic and material dimension, the social dimension, the legal dimension, and the cultural dimension. For the economic development, it has not achieved its goals as a result of lack of a clear plan for economic reform program, productive variety, unemployment, specialization; legislations support market, the economic entity of local ruling, the intermediary institutions between the state and the market, the structure of information and communications, the international trade and export and finally, the elite of management. The success of implementing any developmental plan is related to the progress achieved by the country in the field of local competition within the country itself. Also, to build a strong and broad base of local suppliers, as well as creating a high awareness and continuous requirements of the domestic consumer, making adoption of sound economic reform program, which, in turn, accelerates economic development, which is located within the priorities of the national plans. So, this study has made an explanation of the concept of economic reform, its main objectives, its success factors and the obstacles to its application. The study showed that there are several strategic approaches to achieve the economic reform program include the totalitarian approach, which considers the economic reform as an integral part of the political, economic and social situations, and launches towards economic development and reform in the framework of a comprehensive strategy. Also, there is the partial approach that launches towards reform via the gradual reform and considers reform as a restoration process of the constituent parts of update inputs, such as increased productivity, achieve a measure of economic and social equity, establish new knowledge and develop the institutions of production and services. The study concluded that the program of economic reform in Egypt and the Arab world has not achieved its objectives for many reasons such as not taking into account the economic and material dimension, the social dimension, the legal dimension, and the cultural dimension. For the economic development, it has not achieved its goals as a result of lack of a clear plan for economic reform program, productive variety, unemployment, specialization; legislations support market, the economic entity of local ruling, the intermediary institutions between the state and the market, the structure of information and communications, the international trade and export and finally, the elite of management. | ||
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