Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Money and power: the dilemma of the Egyptian infitah
Author:Moore, Clement HenryISNI
Year:1986
Periodical:Middle East Journal
Volume:40
Issue:4
Pages:634-650
Language:English
Geographic term:Egypt
Subjects:private sector
economic policy
External link:http://search.proquest.com/pao/docview/1290836552
Abstract:This paper places recent economic reforms in 'socialist' and conservative 'oil-driven' Arab countries alike in a novel political perspective, arguing that privatization may be viewed in its initial stages primarily as a political tactic for sustaining authoritarian regimes rather than as a set of reforms for stimulating free enterprise or markets. The critical case discussed is Egypt with emphasis on the country's financial institutions, because Egypt is setting the pace with infitah, the opening up of its economy to foreign capital and private enterprise. It is shown that the private sector in Egypt, although controlling only a minority of the total assets of the banking system, has literally become the tail that wags the dog, upsetting any likelihood of balance. It seems that the present regime will either continue toward greater pluralism, paralleling a more liberal economy, or be overthrown by forces which will put an end to infitah. Notes, ref.
Views
Cover