Download or read book COVID 19 and the Egyptian Economy From reopening to recovery Alternative pathways and impacts on sectors jobs and households written by Breisinger, Clemens and published by Intl Food Policy Res Inst. This book was released on 2020-11-24 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the global economy is forecasted to shrink by 4.4 percent in 2020 (IMF 2020), the Egyptian economy is proving resilient to the immense human and financial costs caused by the global COVID-19 pandemic. This resilience is mainly explained by the successful implementation of the economic reform program since 2016 that provided more fiscal space to withstand the adverse impact of the COVID-19 crisis. However, that Egypt’s economy is holding up is also due to the rapid response and proactive measures to limit the impact of the virus that were implemented by the Egyptian Government since March 2020 (MPED 2020). These enabled the country to avoid a full lockdown policy (Figure 1). While Egypt posted negative economic growth rates from April to June 2020 at the height of the crisis, overall economic growth was still positive at 3.6 percent for fiscal year (FY) 2019/20. This estimate is only slightly lower than the initial projection of the impact of the pandemic on Egypt’s economy of an annual economic growth equal to 3.8 percent, as estimated by staff of the International Food Policy Research Institute (IFPRI) and the Ministry of Planning and Economic Development (MPED) (Breisinger et al. 2020). The deviation between the early and final estimate can be mainly explained by the lower than expected growth rates in the manufacturing and health services sectors and the better than expected performance of the trade and transport sectors.
Download or read book Economic Conditions in Egypt written by and published by . This book was released on 1922 with total page 1148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Egypt s Economic Potential RLE Egypt written by Roberto Aliboni and published by Routledge. This book was released on 2013-01-03 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last ten years the Egyptian economy has undergone a major transformation which has led to greater decentralisation and international competition. This transformation, along with changing circumstances in the surrounding Arab areas and the end of hostilities with Israel, has given a boost to the Egyptian economy. Without underestimating the obstacles that still stand in the way of sustained economic growth and development, this book foresees a more optimistic outlook for Egypt than do other such studies carried out by international organisations such as the World Bank. Egypt’s Economic Potential argues that the main problem facing the Egyptian economy is that the government must resort to expensive public expenditure policies, in particular subsidising foodstuffs, in order to maintain the political consensus. This creates a savings gap which prevents the authorities from channelling savings towards financing the projects which will cerate economic growth. However, the book suggests that because the present regime is fundamentally stable and even further change at the top would be unlikely to alter the institutional framework of the country, the Egyptian economy has the potential for stable and rapid growth.
Download or read book Egypt s Economic Predicament written by Ğalāl A. Amīn and published by BRILL. This book was released on with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a succinct and lucid analysis of Egypt's major economic problems, their origin and development, and their relationship to Egypt's social turmoil. It also contains a powerful critique of the program of structural adjustment which constitutes today's conventional wisdom.
Download or read book Cleft Capitalism written by Amr Adly and published by Stanford University Press. This book was released on 2020-06-09 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Impact of COVID 19 on the Egyptian economy Economic sectors jobs and households written by Breisinger, Clemens and published by Intl Food Policy Res Inst. This book was released on 2020-06-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 crisis may lead to a 1.1 percent decline in Egypt’s GDP during the 4th quarter (April to June) of the 2019/20 fiscal year, compared to the same quarter in 2018/19. Without the Government of Egypt’s COVID-19 emergency response package, GDP in Q4 may have declined by 8.7 percent. Tak-ing the emergency response pack-age into account, we estimate an annual growth rate of 3.8 percent for FY 2019/20. Without the emer-gency response package, annual growth for FY 2019/20 may have been as low as 1.9 percent. The services sector is hit hardest, falling by 10.9 percent, followed by industry at -8.3 percent. Agriculture is the most resilient sector. However, these losses are lower than those expected in comparable countries, especially those that resorted to extended periods of full lockdowns. Impacts on Egypt’s agri-food system are less severe than elsewhere in the economy. Most damage will occur in nonfarm components of the agri-food system due to falling consumer demand. Although higher-income households face the largest income losses, lower-income households also will see their incomes decline significantly. The level of social protection required to fully offset the income losses of poor households is likely to be prohibitive, especially given falling revenues from reduced economic activity. Continuing to gradually open the economy again will be critical for avoiding permanent job losses and increases in poverty for the coming year. The process of re-opening the economy may also provide opportunities for fostering more private sector-driven and sustainable economic transformation.
Download or read book The Egyptian Economy in the Twenty first Century written by Khalid Ikram and published by American University in Cairo Press. This book was released on 2022-11-29 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multi-faceted account of Egyptian economic development by nineteen internationally recognized authorities and the critical challenges the economy is likely to face in the next twenty years The Egyptian Economy in the Twenty-first Century addresses the question of why Egypt, despite possessing a plethora of assets—such as a fertile agriculture, a strategic geographic location, oil and gas deposits, innumerable tourist sites, a labor force prized by regional countries, and a diaspora that remits large amounts of funds—has seldom performed to its economic potential during the last sixty years. Indeed, economic weakness created political weakness, and often exposed the country to foreign diktats. What should the country do to change this state of affairs? Nineteen internationally recognized authorities on the Egyptian economy discuss the critical challenges that the Egyptian economy is likely to face in the next two to three decades, challenges which must be overcome in order to improve the life of Egypt’s citizens and to protect the country from external pressures. Their analyses cover population and employment; development strategies; principal macroeconomic issues; development of a digital economy; fiscal and monetary matters; the external sector; poverty and income distribution; the enterprise structure; higher education; water availability; urbanization; institutional performance; and many others. Contributors: - Gouda Abdel Khalek, Cairo University, Cairo, Egypt - Khaled M. Abu-Zeid, Regional Water Resources, CEDARE (Center for Environment and Development for the Arab Region and Europe), Cairo, Egypt. - Fatma El Ashmawy, World Bank. - Ragui Assaad, University of Minnesota, Twin Cities of Minneapolis and Saint Paul, Minnesota, USA - Izak Atiyas, Economic Research Forum, Cairo, Egypt. - Marwa Biltagy, Cairo University, Cairo, Egypt. - Lahcen Bounader, International Monetary Fund. - Ishac Diwan, École Normale Supérieure, Paris, France. - Ahmed Ghoneim, Cairo University, Cairo, Egypt. - Khalid Ikram, Washington DC, USA. - Karima Korayem, al-Azhar University, Cairo, Egypt. - Heba el-Laithy, Cairo University, Cairo, Egypt. - Noha el-Mikawy, Ford Foundation, Middle East and North Africa, Cairo, Egypt. - Mohamed Mohieddin, Menoufia University, Menoufia, Egypt. - Heba Nassar, Cairo University, Cairo, Egypt. - Osman Mohamed Osman, Cairo, Egypt. - Noha Razek, University of Regina, Regina, Saskatchewan, Canada. - David Sims, Cairo, Egypt. - John Waterbury, Princeton, New Jersey.
Download or read book The Ancient Egyptian Economy written by Leigh Rockwood and published by The Rosen Publishing Group, Inc. This book was released on 2013-07-15 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Readers explore different aspects of Ancient Egypt's economy, including the importance of the sea and how papermaking was an art essential to Egypt's success. Students will gain an understanding of how the culture used money and which trades flourished during this period of history.
Download or read book Egypt written by Great Britain. Commercial Relations and Exports Dept and published by . This book was released on 1922 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Egyptian Economy 1952 1972 written by Robert Mabro and published by Oxford University Press, USA. This book was released on 1974 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on economic development in Egypt from 1952 to 1972 - covers historical and demographic aspects, natural resources, land reform, the impact of the aswan dam on the agricultural sector, economic planning, the public sector, nationalization, modernization, industrialization, economic growth, employment, income distribution, etc. Bibliography pp. 245 to 250, map, references and statistical tables.
Download or read book The Egyptian Economy 1952 2000 written by Khalid Ikram and published by Routledge. This book was released on 2007-04-11 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book The Political Economy of Reforms in Egypt written by Khalid Ikram and published by Oxford University Press. This book was released on 2018 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Egypt s Economic Potential written by and published by . This book was released on 1984 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Poetics of Political Economy in Egypt written by Kristin Koptiuch and published by U of Minnesota Press. This book was released on 1999 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Original in perspective, innovative in approach, this book investigates the changing relationship between Egypt's urban artisanry and the larger socio-historical transformations of the Egyptian economy. Focusing on two key historical periods in the early and late twentieth century, Kristin Koptiuch examines the political and economic conditions that affected the role of the artisan in Egypt over time. She is particularly interested in how the politics of representation in different modes of discourse -- colonialist, nationalist, developmentalist, ethnographic -- have alternatively cast Egypt's craft production as outmoded artisanry and as an ingenious, micro-entrepreneurial "informal sector." In light of the artisans' changing relation to the national and global economy, Koptiuch reads this figurative shift from "artisanry" to "informal sector" as a political allegory that contradicts the dominant narratives of Egypt's colonial modernity and neocolonial postmodernity. Attention to this allegorical figuration discloses what Koptiuch calls a poetics of political economy. Contrary to conventional positivist social science, realist ethnography, and empiricist history, this approach acknowledges the intricate mutual workings of meaning and material culture.
Download or read book Economic Crisis And The Politics Of Reform In Egypt written by Ray Bush and published by Routledge. This book was released on 2019-04-10 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the character and consequences of Egypt's economic reform and structural adjustment programme of 1991, along with the second stage of reforms in 1996. It contributes to the debates underpinning the political economy of economic reform and agricultural reform.
Download or read book The Egyptian Labor Market written by Caroline Krafft and published by Oxford University Press. This book was released on 2022 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Egyptian economy has faced many challenges in the decade since the 2011 Arab Spring uprisings. Not only was job creation anaemic from 2012 to 2018, but new jobs were also of low-quality, characterized by informality and vulnerability to economic shocks. These challenges pushed many in Egypt, especially the most vulnerable, into a more precarious labor market situation. Then, in the midst of economic recovery brought on by tough reform measures adopted in 2016 and 2017, the country was hit by the widespread disruption of a global pandemic. This book examines the plight of Egypt's most vulnerable groups by focusing on the intersection of gender and economic vulnerability in the labor market. With this emphasis on vulnerability and a lens that is sensitive to gender differences and inequities, the contributors to this volume use data from the most recent wave of a unique longitudinal survey to illuminate different aspects of Egyptians' lives. The aspects they explore include labor supply behavior, the ability to access good quality and well-paying jobs, the evolution of wages and wage inequality, the school-to-work transition of youth, the decline in public sector employment, international and internal migration, the situation of rural women, access to social protection, food security, vulnerability to shocks and coping mechanisms, health status, and access to health care services. These analyses are prescient in understanding the axes of vulnerability in Egyptian society that became all too salient during the COVID-19 pandemic.
