Abstract
The authors investigated the comparative advantage of Egypt and highlighted the role played by export development. The authors found that Egypt has revealed comparative (RCA) ≥ 1 in 733 product lines. They have concluded that Egypt has comparative advantage and is specialized in the production of such products. They have recommended that Egypt put in place an appropriate export development strategy to assist it with product development and adaptation.
Highlights
Comparative advantage is necessary for a country to produce its products efficiently as it participates in the global market
Egypt is a member of the Common Market for Eastern and Southern Africa (COMESA) and African Union
Data on exports relating to Egypt and the world exports for 2008, 2009 and 2010 was obtained from International Trade Centre (ITC)’s Trademap based in Geneva, Switzerland
Summary
Comparative advantage is necessary for a country to produce its products efficiently as it participates in the global market. It entails a country to specialize in those products in which comparative advantage exist. Export development works hand in hand with comparative advantage and it relates to the production of new products and access of new markets. Egypt is a member of the Common Market for Eastern and Southern Africa (COMESA) and African Union. The authors are residents in the two organizations their interest in Egypt. Comparative advantage of Egypt and its export development strategies are important in increasing trade in COMESA and improving the African economy in general. This paper’s objective is to investigate comparative advantage in Egypt and role of export development
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