التصنيع قاطرة التنمية الشاملة في مصر[Industrialization Leads Comprehensive Development in Egypt]

Industrialization is considered the cornerstone of the comprehensive development in Egypt for many reasons. First, industrialization has strong backward and forward linkages with other key economic activities such as agriculture and services. Second, industrialization provides job opportunities particularly in labor-intensive industries. Third, industrialization is a motive for technology transfer and investment attraction. Fourth, industrialization contributes in deepening Egypt’s pace towards more integration in the global economy. This paper discusses the importance of industrialization in achieving the comprehensive development and introduces the definition of development and its objectives, industrialization concept and its goals, industry modernization and the pillars of such modernization. Most importantly, the paper refers to Egypt’s industrial strategies, the cause of the failure of shift from import-substitution strategy to export-oriented strategy. Furthermore, the paper handles the opportunities and challenges of industrialization in Egypt. It ends with some recommendations.