Actually, the rise of terrorism is not the only indication of serious flaws in the new world order. This policy has been challenged openly by India and Pakistan, and it is to be expected that others will follow suit, especially in the Middle East where Israel s monopoly of nuclear capability in the region is an unstable equilibrium that cannot be sustained indefinitely. All such disequilibria can only fuel the terrorist pole in its confrontation with the pole of international law and order as represented in a global system said to be committed to the peaceful resolution of all conflict situations a commitment it has yet to live up to. Here is what he has to say. Every indicator points to the very robust health of the Egyptian economy.
Inflation continues to slow down.
We are also talking about an economy with a very solid growth rate of around five per cent. Despite recent setbacks to the economy in the past year, prospects are once again looking brighter. The tourism situation is improving and there is renewed interest from international investors in various types of securities in Egypt. There is also renewed interest in very large foreign direct investment projects. Much of this resilience has to do with the fact that the external debt and external reserve situation of the country have improved considerably.