Abstract :
Effect of fashion on Economic Growth from Egyptian Small Industries through the Home Economy theories the share of poor people in the global population has declined during recent decades. One-third of the population of the world lived in poverty in 1980, whereas the share was 15 per cent in 2010. The decline is largely due to rapid economic growth in population rich countries like Egypt. There are, however, remarkable differences between countries and between regions in the developing world. Some regions and countries, notably in North Africa, are rapidly catching up to fashion industrialized countries. Especially in North Africa, are lagging far behind and the share of poor people in the population has even increased in some countries. Fashion Industrial development has had an important role in the economic growth of countries like China as example of Asia, Egypt, Morocco and Tunisia. Along with accelerated growth, poverty rates have declined in many countries. Some countries have managed to achieve growth with equity, whereas in others inequality has remained high. In this chapter, the growth stories of seven countries China, Egypt, Morocco and Tunisia are described and discussed. The main emphasis is on describing their growth processes and strategies, the role of fashion industrial development, the contribution of a range of policies to growth performance, and the impact of growth on poverty and income inequality. The study begins with a short theoretical discussion of the impact of fashion industrial development on growth and the impact of growth on poverty and income inequality and then proceeds to the country examples. The final section discusses the lessons learnt.
Keyword :
Fashion, Economic Growth, Small Industries, Home Economy Theories