| Abstract: | Explanatory note to accompany land reform law. Two factors limit the possibility for economic growth in the field of agriculture: The tendency to invest the mayor part of Egyptian Savings in land yielding an immediate income, and the meager purchasing power of agricultural labor. To pave the road for rapid economic growth it is necessary to enact legislation to force new savings into land improvement enterprises and into mining, industrial, and building enterprises. One of the principal aims of the land reform scheme is to direct new investment into the improvement of land and into mining, industrial, and commercial enterprise. Not only economic aspects, but also social reasons justify the land reform measures. Text of the Egyptian Land Reform Law. |
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