NEGATIVE IMPACT OF THE EGYPTIAN REVOLUTION
ECONOMIC EFFECTS The government was dominated by inflation. This was attributed to the increased development projects which undermined the value of national currency and led to increase in the prices of essential goods. The government was dominated by financial bankruptcy. This was due to increased external borrowing that made Egypt to be highly indebted to USA and Britain. There was massive loss of lives and property due to Egypt’s involvement in numerous wars eg the Suez Canal crisis of 1956, 6 days war of 1967 between Egypt and Israel. Unemployment persisted in Egypt due to failure to create more jobs to match with the increasing population. Egypt experienced unfavorable balance of payments. This was attributed to the poor progress in the export trade and high expenditure on imported goods. SOCIAL EFFECTS The government failed to reduce poverty among the people of Egypt. This therefore made the social, economic welfare of the people to remain low. The government of Nasser fail...