The Economics and Politics of Transition to an Open Market Economy: Egypt (Development Centre Studies)
Type
Book
Authors
ISBN 10
9264161244
ISBN 13
9789264161245
Category
Unknown
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Publication Year
1998
Publisher
Pages
232
Description
Egypt is lagging behind other countries in the Mediterranean region in reforming its economy. This book explains why. The authors contend that the Egyptian political system, based to a large extent on discrete patronage and dominated by powerful interest groups was inherently resistant to reform. In addition, the country's strategic position in Middle Eastern politics provided the environment for aid flows which mitigated the need for change by creating an illusion of economic wellbeing. Egypt has thus been protected from the pressure of the international market system. Yet, argues this study, such pressure is the only effective stimulus to fundamental reform. - from Amzon
Number of Copies
1
