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This is a succinct and lucid analysis of Egypt's major economic problems, their origin and development, and their relationship to Egypt's social turmoil. It also contains a powerful critique of the program of structural adjustment which constitutes today's conventional wisdom.
Egypt's Economic Predicament contains a succinct and lucid analysis of virtually all the major economic problems of Egypt: their origin, development and the prospect of solving them. It presents today's economic problems of Egypt in a wider historical context and shows their relationship to current social issues, including the growth of religious fanaticism. The book also contains a powerful critique of the “Structural Adjustment” program of reform, which constitutes today's conventional wisdom. The subtitle of the book describes it as “a study in the interaction of external pressure, political folly and social tension”, and as such it should be of interest not only to scholars and students of development in Egypt and the Middle East, but to those occupied with other Third World countries as well.
This is a succinct and lucid analysis of Egypt's major economic problems, their origin and development, and their relationship to Egypt's social turmoil. It also contains a powerful critique of the program of structural adjustment which constitutes today's conventional wisdom.
Egypt has undergone significant economic liberalization under the auspices of the International Monetary Fund, the World Bank, USAID, and the European Commission. Yet after more than four decades of economic reform, the Egyptian economy still fails to meet popular expectations for inclusive growth, better standards of living, and high-quality employment. While many analysts point to cronyism and corruption, Amr Adly finds the root causes of this stagnation in the underlying social and political conditions of economic development. Cleft Capitalism offers a new explanation for why market-based development can fail to meet expectations: small businesses in Egypt are not growing into medium and larger businesses. The practical outcome of this missing middle syndrome is the continuous erosion of the economic and social privileges once enjoyed by the middle classes and unionized labor, without creating enough winners from market making. This in turn set the stage for alienation, discontent, and, finally, revolt. With this book, Adly uncovers both an institutional explanation for Egypt's failed market making, and sheds light on the key factors of arrested economic development across the Global South.
Drawing on Khalid Ikram's extensive knowledge of economic policymaking at the highest levels, The Political Economy of Reforms in Egypt lays out the enduring features of the Egyptian economy and its performance since 1952 before presenting an account of policy-making, growth and structural change under the country's successive presidents to the present day.
The history of capitalism in Egypt has long been synonymous with cotton cultivation and dependent development. From this perspective, the British occupation of 1882 merely sealed the country's fate as a vast plantation for European textile mills. All but obscured in such accounts, however, is Egypt's emergence as a colonial laboratory for financial investment and experimentation. Egypt's Occupation tells for the first time the story of that financial expansion and the devastating crises that followed. Aaron Jakes offers a sweeping reinterpretation of both the historical geography of capitalism in Egypt and the role of political-economic thought in the struggles that raged over the occupation. He traces the complex ramifications and the contested legacy of colonial economism, the animating theory of British imperial rule that held Egyptians to be capable of only a recognition of their own bare economic interests. Even as British officials claimed that "economic development" and the multiplication of new financial institutions would be crucial to the political legitimacy of the occupation, Egypt's early nationalists elaborated their own critical accounts of boom and bust. As Jakes shows, these Egyptian thinkers offered a set of sophisticated and troubling meditations on the deeper contradictions of capitalism and the very meaning of freedom in a capitalist world.
In this ground-breaking work, Gerasimos Tsourapas examines how migration and political power are inextricably linked, and enhances our understanding of how authoritarian regimes rely on labour emigration across the Middle East and the Global South. Dr Tsourapas identifies how autocracies develop strategies to tie cross-border mobility to their own survival, highlighting domestic political struggles and the shifting regional and international landscape. In Egypt, the ruling elite has long shaped labour emigration policy in accordance with internal and external tactics aimed at regime survival. Dr Tsourapas draws on a wealth of previously-unavailable archival sources in Arabic and English, as well as extensive original interviews with Egyptian elites and policy-makers in order to produce a novel account of authoritarian politics in the Arab world. The book offers a new insight into the evolution and political rationale behind regime strategies towards migration, from Gamal Abdel Nasser's 1952 Revolution to the 2011 Arab Uprisings.
Egypt is one of the few great empires of antiquity that exists today as a nation state. Despite its extraordinary record of national endurance, the pressures to which Egypt currently is subjected and which are bound to intensify are already straining the ties that hold its political community together, while rendering ever more difficult the task of governing it. In this timely book, leading expert on Egyptian affairs Robert Springborg explains how a country with such a long and impressive history has now arrived at this parlous condition. As Egyptians become steadily more divided by class, religion, region, ethnicity, gender and contrasting views of how, by whom and for what purposes they should be governed, so their rulers become ever more fearful, repressive and unrepresentative. Caught in a downward spiral in which poor governance is both cause and consequence, Egypt is facing a future so uncertain that it could end up resembling neighboring countries that have collapsed under similar loads. The Egyptian "hot spot", Springborg argues, is destined to become steadily hotter, with ominous implications for its peoples, the Middle East and North Africa, and the wider world.
This book examines the character and consequences of Egypt's economic reform and structural adjustment programme of 1991, along with the second stage of reforms in 1996. It contributes to the debates underpinning the political economy of economic reform and agricultural reform.
Through Gramsci and Fanon, Salem centers anticolonial politics by exploring the connections between Egypt's moment of decolonization and the 2011 revolution.