Mar 11, 2011

Harvard Business Review on the Egyptian Revolution

The HBR blog writes on the impact of revolutions on business, when it came to Egypt they were quite pessimistic. As a cynic I kinda agree with them:
In Egypt, little has changed with Mubarak's ouster by the military, which plays a major role in the Egyptian economy. A third of the economy is under military control — military activities range from bakeries to appliance factories. With the armed forces' prestige at an all-time high, the chances of any serious economic reform in Egypt's future have plummeted, regardless of future political changes. If it was important to get a military partner on board as part of a business venture before the revolution, it's doubly important now.