Wednesday, March 18, 2015

Economic Promise of Egypt's Renewal

More than any of the ancient cultures, Egypt's seven thousand years of history have come to represent the seemingly paradoxical phenomenon of a country that is simultaneously enjoying a state of permanent continuity while constantly undergoing some form of renewal.

This duality came about because two natural realities converged. The first has to do with the location of Egypt among the three main continents of the old world – Africa, Asia and Europe but not the Americas that were not yet “discovered”. The second reality has to do with the lay of the land; a fertile valley which, for a long time, remained protected on both flanks by a prohibitive desert.

Thus, for half the time that Egypt had been in existence, its people developed their civilization without fear of being attacked by neighbors. They created a culture of self-sufficiency that relied on the availability of natural resources to produce the goods they needed for survival, and to provide for the services they required to make their living an enjoyable experience.

But then, the neighbors from the African South, the Asian East and the European North developed the means to raid the Egyptian frontier outposts at a time when internal dissent was creating a chaotic situation in the interior. In time, this combination gave the foreigners the ability to invade Egypt, and in some cases occupy it for a period of time. But rather than impose their ways on the Egyptians, the foreigners who looked more like ferocious warriors than tamed urban dwellers, were so impressed with Egypt's culture, they chose to adopt the Egyptian way of life rather than force their own way on the people of Egypt.

This condition made it possible for the Egyptians to voluntarily absorb and mix into their culture the foreign traits they deemed compatible with their own and saw them as desirable enough to hang on to. This is how the Egyptians maintained the continuity of their civilization while renewing it by gradually absorbing into it what the foreigners were bringing to them.

Then came the European Industrial Revolution, symbolized by the invention of the steam engine in Great Britain where the first railway system was built. That Revolution stirred the appetite of Europeans for natural resources which they knew existed in abundance in the other continents. Colonization began, but rather than see Egypt as part of the nations to be colonized, the British saw it as a partner to share in the spoils of colonization. They built a system of railways in Egypt – the second in the world – as a prelude to extend it to the rest of Africa where they foresaw the rise of their future dominion. Egypt thus became a part of Europe’s Industrial Revolution.

But the unfolding of history being as unpredictable as it is, the events that materialized in Europe and Western Asia at the start of the Twentieth Century brought about, among other things, the Sykes-Picot Agreement which caused the dropping of Egypt from the list of nations slated to be a part of the Industrial Revolution; relegating it not exactly to the status of colony, but to one that was neglected by the emerging world powers, and by Egypt's own rulers who were in most part of foreign descent.

Things changed again when the Nasser Revolution awoke Egypt in the Middle of the Twentieth Century, and put the country on the path that led to the current situation. We now have a group of people determined to make use of the traits they developed over the centuries to maintain the continuity of the civilization that served them well. And yet, these people wish to absorb and to incorporate into their culture what is compatible in what the foreigners may bring to them.

There is no doubt that Egypt has become an attractive place where foreign investors can now participate in the renewal and the rebuilding of the country. Those who will do well are the investors who understand and respect the Egyptian penchant for that which is durable, which will contribute to the self-sufficiency of the nation, and will inject into the culture what is new and worth preserving. Recommendation: Adopt the Egyptian way and be successful rather than seek to impose your way and be resented.

Also, fly-by-night, quick-buck artists will not be welcomed in Egypt. The best thing that these people can do is stay away from that country for their own peace of mind and for the good of an ancient and wonderful civilization that has no use for their kind.