Faculty News

Professor George Smith explains why the discovery of gas in Egypt may not help its economy

Excerpt from OZY -- "... if the energy revenues lift the Egyptian pound’s value, 'it will be more difficult for domestically produced Egyptian goods to find foreign markets,' warns George David Smith, a professor of international business at New York University’s Stern School of Business. He and others have also pointed out that the country has traditionally been blighted by corruption. 'We’ve not had a regime in recent memory that has been more interested in economic growth than it has been in staying in power,' says Smith."

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