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State Policies: The Military (1952–2014)

  • Naiem A. Sherbiny
  • Omaima M. Hatem
Part of the The Political Economy of the Middle East book series (PEME)

Abstract

In chapter 1, we proposed that state and entrepreneurs are two interlocking actors that govern economic activity. We also proposed that underlying this dynamic is a balance that exists between social and private gains, a concern that has been at the center of welfare economics. With the benefit of Egypt’s long-term development narratives, we identified seven different approaches for how the state managed the economy, which, in turn, affected the scope of entrepreneurial activity. In chapter 2, we presented the first four approaches, which spanned the Great Pasha’s dynasty (1805–1952). The themes covered included modernizing a backward economy, partnering with international business, intervening selectively, and shaping the nationalist agenda. In this chapter, we discuss the relation of the state with entrepreneurs during the 60-some years of military rule that followed the end of the Pasha’s dynasty (1952–2014).

Keywords

Foreign Direct Investment External Debt Public Enterprise Debt Service Suez Canal 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Naiem A. Sherbiny and Omaima M. Hatem 2015

Authors and Affiliations

  • Naiem A. Sherbiny
    • 1
  • Omaima M. Hatem
    • 2
  1. 1.ArlingtonUSA
  2. 2.Edinburgh, ScotlandUK

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