Anglo-Egyptian trade policy is based on free …
Years: 1916 - 1916
Anglo-Egyptian trade policy is based on free trade, which favors the more industrialized nations whose products undersell those produced locally.
Lord Cromer himself describes the effects of the import of European manufactures on local craft production.
He notes that quarters of the city that had been "hives of busy workmen" have shrunk or been eliminated entirely. Cafes and small stores selling European goods replace productive workshops.
Egyptian industrialization will require protective tariffs that the British will not allow.
Thus, although Egypt has a solid infrastructure, a sizeable local market, and an indigenous supply of capital, industrial development is stymied by a British trade policy that seeks to protect the Egyptian market for British products and to maintain Britain's near monopoly on Egyptian cotton.
Lord Cromer himself describes the effects of the import of European manufactures on local craft production.
He notes that quarters of the city that had been "hives of busy workmen" have shrunk or been eliminated entirely. Cafes and small stores selling European goods replace productive workshops.
Egyptian industrialization will require protective tariffs that the British will not allow.
Thus, although Egypt has a solid infrastructure, a sizeable local market, and an indigenous supply of capital, industrial development is stymied by a British trade policy that seeks to protect the Egyptian market for British products and to maintain Britain's near monopoly on Egyptian cotton.
Locations
People
Groups
- Britain (United Kingdom of Great Britain and Ireland)
- Egypt, Khedivate of
- Egypt, British Protectorate of
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Commodoties
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Years: 1916 - 1916
Locations
People
Groups
- Britain (United Kingdom of Great Britain and Ireland)
- Egypt, Khedivate of
- Egypt, British Protectorate of
Topics
Commodoties
Subjects
Regions
Subregions