The Political Economy Of Crisis Management And Reform In Egypt

There is a significant discrepancy between the population of Egypt and the GDP of this country. This book offers pragmatic policy prescriptions for Egyptian decision-makers. It provides a path forward and toward a better future for the Egyptian people. The country faces challenges with household income, social welfare, productivity, and many other markers of twenty-first century economic success even vis-à-vis other developing country peers. This book focuses on framing the optimal macroeconomic policy agenda for Egypt in the face of the big global, regional and national forces that are being accelerated, intensified or changed by the COVID-19 crisis rather than on specific sectoral policy formulations. The authors present these big questions in the context of showing how Egypt can best navigate the risks and seize the opportunities of the current period of intense flux and transition, to put itself in the best possible position to create prosperity, stability, and hope for its citizens. The authors examine to what extent the Egyptian authorities can fulfill their ambitious development plans and in producing this work, to provide useful lessons that can be applied to other governments struggling to respond to the challenges of the age.

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.

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.

While the 2011 Egyptian revolution has already become the subject of much debate, the roots of the socio-economic context which made the revolution possible have seldom been explored. Roberto Roccu addresses this gap and in doing this provides the first detailed study of the deeper causes of the Egyptian revolution. Relying on an innovative understanding of Antonio Gramsci's thought, He argues that economic reforms implemented since the late 1980s provided the conditions for both the emergence of a capitalist oligarchy within the regime and an unprecedented rise in socio-economic inequality in society at large. These two processes substantially eroded any remnants of hegemony, leaving the Mubarak regime ill-equipped to face the global economic crisis. By alienating sections of the ruling bloc while impoverishing vast strata of the population, neoliberal reforms provided a necessary, although by no means sufficient, condition for the Egyptian revolution to occur.

In 2011, capital's crisis erupted in Egyptian society. This eruption, and subsequent politics, have been misrepresented as revolutionary, as the working class was - and is increasingly so - devalued and disempowered. In Crisis and Class War in Egypt, Sean F. McMahon critically analyses Egypt's recent political history. He argues that the so-called 'revolution' was the appearance of capital's destruction of the value of the Egyptian working class and an existential crisis for capital. In response, productive capital in the form of the military used, disposed of and replaced its junior partners in governing; first the predatory capital of the Mubarak state with the commodity capital of the Muslim Brotherhood, and then commodity capital with the finance capital of the Gulf Cooperation Council. These reconfigurations have been expressed in all manner of reactionary governmental arrangements including constitutions, legislation and currency reform. Extending today's analysis into the near future, McMahon sees the war of Egyptian society intensifying, and increasingly violent lives for Egyptian workers.--Publisher's description.

Monograph on employment policy and income distribution in urban areas of Egypt from 1952 to 1972 under the Nasser socialist regime - discusses employment trends and economic structure, the informal sector, wage policies, wage differentials, consumption trends, taxation, social structure and the growth of elites, the nature and role of the new middle class, development of trade unions, etc. Bibliography pp. 135 to 140, flow charts, graphs and statistical tables.

A re-thinking of the main issues, revolving around the themes of the rationale and strategies for reform, the process and its outcomes, and the nature of the state in the changing global setting.