DEVELOPMENT EQUILIBRIUM AND INTEGRATION 4من اصل6
mainly because the sectoral equilibrium of development was not taken into
consideration.
In this context, it is essential to observe the conditions of the economic
sectors and activities that did not get the same attention from the state, for
the flourishing of certain sectors came at the expense of others. This caused
the neglected sectors to suffer from difficulties, and at times recession. At
the end of the current boom, these neglected sectors and activities will
inevitably flourish to catch up and reinstate the natural equilibrium. Such an
incident would jump start the same vicious cycle of inflated growth
followed by tough recession with all the negative impacts caused by
neglecting the necessity of planning balanced sectoral development.
It is also important to take into consideration the necessity of creating
balanced development in regards to size and scale, as proper development
should target different sectors and classes of individuals and institutions.
When it comes to the individual, it is necessary that revenues from such
developments reach the majority of citizens, otherwise, you risk disturbing
the peaceful state of the country. By neglecting the fair distribution among
society, you would risk causing public and political disturbance similar to
what Egypt faced in 2011; a situation that everybody is still paying the
price for, despite the high accomplished rates of growth. On the other hand,
size and scale equilibrium regarding institutions has a direct impact on the
local markets as a whole. By welcoming large scale companies and
institutions without taking into consideration small business, you would
create an environment of unbalance where the institutions would wipe out
the smaller businesses. The larger companies and institutions would turn
into giants that monopolize the market and direct it totally towards their
interests in the absence of competition.