What does Eygpt represent?

I have just read the following in another post from Dr. Bob:

This sparked the question in my mind, I have always heard that Egypt is a the representative of the world in all the circles I have run in growing up, but when I reflect on the Major points of Egypt in Biblical history, it seems that maybe we have overlooked the fact that in several instances that Egypt is more of a place of preservation rather than the great evil that we seem to make it too many times. I'm not defending the Godlessness, but have we looked at Egypt in the wrong light? Is this really God's place of preservation rather than an eternal symbol evil and sin?

I understand the points that are made about Egypt being a symbol of the world and of sin and that is not the point of this question. I am also not trying to change my hermeneutic to see this either, this is just a question.