Egyptian young people with university degrees do not have sufficient skills to get a job with a multinational company, let alone run a country. Egypt churns out seven hundred thousand university graduates a year qualified to stamp each other’s papers and not much else, and employs perhaps two hundred thousand of them, mostly in government bureaucracy.20 Officially, Egypt’s unemployment rate is slightly above 9 percent, the same as America’s. But independent studies say that a quarter of men and three-fifths of women are jobless. As Egypt’s new Finance Minister Samir Radwan said of the young
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