The Political Economy of Reforms in Egypt


Book Description

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 Roots of Revolt


Book Description

A conceptually rich, historically informed study of the contested politics emerging out of decades of authoritarian neoliberalism in Egypt.




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.




Cleft Capitalism


Book Description

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.




State, Private Enterprise and Economic Change in Egypt, 1918-1952


Book Description

This study of Egyptian efforts to diversify the country's economy between the end of World War 1 and the Nasser coup d'etat of 1952 focuses on the nascent bourgeoisie and the relationships of its segments to one another. Originally published in 1984. 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 editions preserve the original texts of these important books while presenting them in durable paperback and hardcover 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.




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.




The Egyptian Economy, 1952-2000


Book Description

No other comprehensive study of Egyptian economic development The book obtains a unique insight into Egyptian politics through interviews with Prime Ministers and Cabinet ministers from the last 35 years Uses unpublished analysis by the World Bank, the IMF and USAID




Militarizing the Nation


Book Description

Egypt's army portrays itself as a faithful guardian "saving the nation." Yet saving the nation has meant militarizing it. Zeinab Abul-Magd examines both the visible and often invisible efforts by Egypt's semi-autonomous military to hegemonize the country's politics, economy, and society over the past six decades. The Egyptian army has adapted to and benefited from crucial moments of change. It weathered the transition to socialism in the 1960s, market consumerism in the 1980s, and neoliberalism from the 1990s onward, all while enhancing its political supremacy and expanding a mammoth business empire. Most recently, the military has fought back two popular uprisings, retained full power in the wake of the Arab Spring, and increased its wealth. While adjusting to these shifts, military officers have successfully transformed urban milieus into ever-expanding military camps. These spaces now host a permanent armed presence that exercises continuous surveillance over everyday life. Egypt's military business enterprises have tapped into the consumer habits of the rich and poor alike, reaping unaccountable profits and optimizing social command. Using both a political economy approach and a Foucauldian perspective, Militarizing the Nation traces the genealogy of the Egyptian military for those eager to know how such a controversial power gains and maintains control.




Egyptians in Revolt


Book Description

Egyptians in Revolt investigates the political economy of the Egyptian labor and student movements. Using elements of social movement theory within a broad political economy framework, it assesses labor and student mobilizations in four eras of contemporary Egyptian history: the pre-1952 era, the Nasser era, the Sadat era and the Mubarak era. Egyptians in Revolt examines how both student and labor groups responded to the political economy pressures of the respective eras. Within the context of social movement theory, the book argues that political opportunities and threats have had a significant impact on both student and labor mobilizations. In addition, the book explores how the movements have, at times, been able to affect government policies. However, the argument is made that the inability of both groups to sustain momentum in the long term is due to cooptation efforts by established political forces and the absence of viable and enduring organizational structures that are autonomous of state control. By combining analysis to include both labor and student movements, Egyptians in Revolt is a valuable resource for understanding the Egyptian political economy and its impact on mobilizations. It will therefore be of interest to students and scholars of Middle East Studies, as well as those interested in social movement more broadly.




Oil and the political economy in the Middle East


Book Description

The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.