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E-book
Author Adly, Amr, author

Title Cleft capitalism : the social origins of failed market making in Egypt / Amr Adly
Published Stanford, California : Stanford University Press, 2020

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Description 1 online resource (xvi, 315 pages) : illustrations
Series Stanford studies in Middle Eastern and Islamic societies and cultures
Stanford studies in Middle Eastern and Islamic societies and cultures.
Contents Successful Transition to Failed Capitalism -- Beyond Cronyism -- Egypt's Cleft Capitalism -- Origins of Cleft Capitalism -- How Did Cleft Capitalism Come About? -- Egypt's Banking System : An Exclusive Club -- Egypt's Desert Land : Abundant yet Scarce -- Baladi Capitalism -- Dandy Capitalism.'
Summary "Over the course of four decades, the Egyptian economy underwent consistent and comprehensive economic liberalization, privatization of state-owned enterprises, deregulation. Yet the Egyptian economy today still experiences low-growth, declining total investment rates, and high un- and under-employment. The private sector has never become globally competitive. There are few beneficiaries to the economic transformations begun under Sadat and continued by Mubarak, and most Egyptians, notably public-sector workers and the urban and rural middle classes, claim losses through these efforts. The 2011 uprising highlighted that these efforts at transformation failed not only economically, but politically as well. This book explores how and why 40 years of economic reform efforts largely failed. Amr Adly argues the fault lies in cleft capitalism: the perpetuation of initial size differences in enterprises, through limits on available land and capital (finance), that constrain any opportunities for growth and expansion"-- Provided by publisher
Bibliography Includes bibliographical references and index
Notes Description based on print version record and CIP data provided by publisher; resource not viewed
Subject Economic development -- Egypt
Capitalism -- Egypt
Capitalism
Economic development
Economic history
Economic policy
SUBJECT Egypt -- Economic conditions -- 1981- http://id.loc.gov/authorities/subjects/sh00001741
Egypt -- Economic policy
Subject Egypt
Form Electronic book
LC no. 2019051226
ISBN 150361221X
9781503612211