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To: econjack
From what I understand, a large part of the problem in Egypt is the fact that 92% of the people hold their property without legal property rights. It's worse than that, though, there are no real legal contracts, either, because the people don't own anything. Egypt's Economic Apartheid
6 posted on 02/13/2011 8:13:43 AM PST by Eva
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To: Eva

The lack of clear title to property in Egypt (and probably many traditional societies) is indeed one of its biggest problems. There was some suggestion of creating a massive legal project to aid people in getting title to “their” property, or possibly even some sort of government declaration awarding title to certain lands as a starting point.

One of the other problems is that we are seeing only Cairo and hearing only about its problems; most of the rest of the Egyptian population is rural or lives in smaller population centers, and these problems are even more acute there.


12 posted on 02/13/2011 9:19:16 AM PST by livius
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To: Eva

That is a problem around the world. We are blessed to live in the west where private property laws were established centuries ago.


15 posted on 02/13/2011 9:37:38 AM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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