Institutional Reform & Economic Development in Egypt


Book Description

This pioneering volume addresses the key issue of the relationship between politics and economics, with special reference to Egypt in the 1990s. Drawing on the expertise of both political scientists and economists, it assembles an impressive array of data, including detailed opinion surveys, to demonstrate conclusively that political and economic reform need to proceed in tandem. In an insightful analysis of the Egyptian legislature, the authors draw attention to a fundamental aspect of institutional reform, namely the informational and knowledge base of legislation as well as the organizational infrastructure of policy formulation. As regards Egypt's economic performance since the early 1990s, they focus in particular on impediments to improved export performance and offer solid recommendations as to how such obstacles might be overcome. This stimulating study makes a timely contribution to political economic analysis, which may at the same time prove helpful in the formulation of new policies.










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.







Towards Inflation Targeting in Egypt


Book Description

This paper explores how the Stability and Growth Pact may cope with the future costs of population ageing in the European Union. Clearly, population ageing has forced countries to reform their pension systems, and will continue to do so, both by reducing the generosity of pension arrangements and by switching to funding rather than relying on pure pay-as-you go pension provision. We study how such reforms affect the room for adhering to the Pact, but also how the Pact may induce or hamper the incentives for reform. In our analysis we will draw on recent literature on the Pact and on the pensions and the ageing problem. We will also calibrate a simple model for addressing intergenerational equity.













The Struggle for Constitutional Power


Book Description

For nearly three decades, scholars and policymakers have placed considerable stock in judicial reform as a panacea for the political and economic turmoil plaguing developing countries. Courts are charged with spurring economic development, safeguarding human rights, and even facilitating transitions to democracy. How realistic are these expectations, and in what political contexts can judicial reforms deliver their expected benefits? This book addresses these issues through an examination of the politics of the Egyptian Supreme Constitutional Court, the most important experiment in constitutionalism in the Arab world. The Egyptian regime established a surprisingly independent constitutional court to address a series of economic and administrative pathologies that lie at the heart of authoritarian political systems. Although the Court helped the regime to institutionalize state functions and attract investment, it simultaneously opened new avenues through which rights advocates and opposition parties could challenge the regime. The book challenges conventional wisdom and provides insights into perennial questions concerning the barriers to institutional development, economic growth, and democracy in the developing world.