Egypt's Economic Predicament


Book Description

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


Book Description

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.







Economic Policy Reform in Egypt


Book Description

"Provides a new perspective on public policy in postrevolutionary Egypt, breaking theoretical ground in the development debate. . . . Students and scholars in the fields of Middle East studies and development studies will find this work seminal."--Tareq Y. Ismael, University of Calgary Focusing on six areas of economic policy reform in Egypt--industry, agriculture, subsidies, foreign exchange, education, and housing--Iliya Harik outlines the development strategy of a country that once led the nonaligned nations of the Third World and explains its slow transition from an authoritarian to a more open and competitive system. Harik observes that Egypt's poor economic performance under Nasser, Sadat, and Mubarak has resulted from a development strategy emphasizing balance over growth. While some analysts have claimed that Egypt's economy has suffered under a heavy welfare burden, Harik shows to the contrary that the bulk of spending has gone to support a form of economic nationalism aimed at controlled self-sufficiency--an economic strategy that has ultimately proved detrimental both to growth and to social welfare. Beyond his analysis of Egypt's economic model, with its bias for slow growth and high cost, Harik shows how unrealistic policies have engendered a culture that is not civic-minded and explains the political and economic reasons for the regime's gradualist approach to change. In his concluding chapter, he explores the possibility of a development strategy wherein creative talent is emphasized and public agencies work with organized labor to generate growth, employment, and equity. Iliya Harik is professor of political science at Indiana University and author and editor of numerous books and articles, including The Political Mobilization of Peasants (1974) and Privatization and Liberalization in the Middle East (1992).




Egypt's Occupation


Book Description

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.










The Egypt of Nasser and Sadat


Book Description

A balance sheet of thirty years of revolutionary experiment, this work is a comprehensive analysis of the failure of the socialist transformation of Egypt during the regimes of Nasser and Sadat. Testing recent theories of the nature of the developing states and their relation both to indigenous class forces and to external pressures from advanced industrial societies, John Waterbury describes the limited but complex choices available to Egyptian policy-makers in their attempts to reconcile the goals of reform and capital accumulation. Originally published in 1983. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.




A Poetics of Political Economy in Egypt


Book Description

Original in perspective, innovative in approach, this book investigates the changing relationship between Egypt's urban artisanry and the larger socio-historical transformations of the Egyptian economy. Focusing on two key historical periods in the early and late twentieth century, Kristin Koptiuch examines the political and economic conditions that affected the role of the artisan in Egypt over time. She is particularly interested in how the politics of representation in different modes of discourse -- colonialist, nationalist, developmentalist, ethnographic -- have alternatively cast Egypt's craft production as outmoded artisanry and as an ingenious, micro-entrepreneurial "informal sector." In light of the artisans' changing relation to the national and global economy, Koptiuch reads this figurative shift from "artisanry" to "informal sector" as a political allegory that contradicts the dominant narratives of Egypt's colonial modernity and neocolonial postmodernity. Attention to this allegorical figuration discloses what Koptiuch calls a poetics of political economy. Contrary to conventional positivist social science, realist ethnography, and empiricist history, this approach acknowledges the intricate mutual workings of meaning and material culture.




Everyday Economic Practices


Book Description

This book brings to the forefront the significance of local everyday economic practices to development policymaking. Chowdhury's objective in unearthing these diverse activities is two-fold. She demonstrates why it is a misrepresentation to characterize all that is economic as "capitalism". Additionally, she contends that in those i