Egypt - Aspiring to become a Banana Republic

Typically, when economists refer to a banana republic, we are attempting to describe the attributes of a small country that is economically dependent on a single export commodity, such as bananas. And, one primary attribute of a banana republic is that it’s typically governed by a dictator usually from the armed forces. Egypt was such a country under the tenure of our former President, but it lacked the single export commodity, such as bananas, to fully complete the picture. However, Egypt today is much more complex than a banana republic. It was run for 30 years by a dictator from the military, then an Islamist, and now we seem to be in a period of transition. Clearly, on numerous front

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    © Khaled F. Sherif, 2020

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