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.
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.
Egypt's Economic Potential (RLE Egypt)
264Egypt's Economic Potential (RLE Egypt)
264Product Details
ISBN-13: | 9781138108288 |
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Publisher: | Taylor & Francis |
Publication date: | 06/07/2017 |
Series: | Routledge Library Editions: Egypt |
Pages: | 264 |
Product dimensions: | 6.12(w) x 9.19(h) x (d) |