Stabilization and adjustment in Egypt : reform or de-industrialization?

Author(s)

Bibliographic Information

Stabilization and adjustment in Egypt : reform or de-industrialization?

Gouda Abdel-Khalek ; with a foreword by Ibrahim Shihata

E. Elgar, c2001

Available at  / 11 libraries

Search this Book/Journal

Note

Includes bibliographical references (p. 181-187) and index

Description and Table of Contents

Description

This book studies the impact of Egypt's Economic Reform and Structural Adjustment Programme (ERSAP), the effects of which have been of great interest to the international community. Organizations such as the World Bank and the IMF uphold the programme as a success story and example for other countries to follow. ERSAP also has its critics, however, who resent its tendency to downsize government and fear possible negative effects on growth and development. The author discusses these concerns along with those regarding the possible negative social effects of ERSAP. This vital and timely study analyses the impact of ERSAP at two distinct levels - macro- and microeconomic. At the macro level the effects of ERSAP on variables including interest and exchange rates, domestic public debt, trade balance, budget deficit and inflation are considered. At the micro level two industrial case studies are considered in detail: the aluminium industry, and the iron and steel industry. Both are energy intensive industries affected specifically by ERSAP's policy of raising energy prices towards parity with world prices. They are also usually considered essential to any serious industrialization process. This book will interest and inform practitioners, policymakers and scholars of economics, industrial economics, development economics and development studies.

Table of Contents

Contents: Foreword by Ibrahim Shihata Introduction 1. Stabilization Experience before the 1990s 2. Economic "Reform" in the 1990s 3. The Macroeconomic Effects of ERSAP: Structural Reform or Dutch Disease? 4. The Main Features of the Manufacturing Sector 5. The Microeconomic Effects of ERSAP: 1. The Aluminium Industry 6. The Microeconomic Effects of ERSAP: 2. The Iron and Steel Industry 7. ERSAP and Industrialization: Concluding Remarks Annexes Bibliography Index

by "Nielsen BookData"

Details

Page Top