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Egypt : positive results from knowledge sharing and modest lending : an IEG country assistance evaluation 1999-2007
This report reviews World Bank support to Egypt from fiscal 1999 through fiscal 2007. It analyzes the objectives and content of the Banks assistance program during this period. The Banks assistance program largely met its objectives and contributed significantly to policy and institutional changes, especially in the financial sector, privatization, pension system, and private sector development. From FY99 to FY07, the Bank committed just 2.1 billion for 18 investment projects and one policy-based loan. Bank analytical work has helped in the design of recent economic reforms and in monitoring poverty. The Banks long-term partnership in irrigation and water management has contributed to recent increases in agriculture productivity and exports. Bank efforts in rural finance have been less successful. The Bank has also contributed to improvements in Egypts human development indicators. Future Bank strategy needs to reflect Egypts middle-income status by including a flexible lending program and an emphasis on knowledge services, including reimbursable technical assistance. The Bank can further strengthen the partnership by focusing on (i) poverty and inequality; (ii) analytic work on macroeconomic analysis and income disparities and its improved dissemination; (iii) further financial sector reforms and indirectly combating corruption; and (iv) sectoral strategies and policy and institutional reforms in infrastructure and energy.
eBook
Egypt's Economic Potential
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.
eBook
Egypt after Mubarak
Which way will Egypt go now that Husni Mubarak's authoritarian regime has been swept from power? Will it become an Islamic theocracy similar to Iran? Will it embrace Western-style liberalism and democracy?Egypt after Mubarakreveals that Egypt's secularists and Islamists may yet navigate a middle path that results in a uniquely Islamic form of liberalism and, perhaps, democracy. Bruce Rutherford draws on in-depth interviews with Egyptian judges, lawyers, Islamic activists, politicians, and businesspeople. He utilizes major court rulings, political documents of the Muslim Brotherhood, and the writings of Egypt's leading contemporary Islamic thinkers. Rutherford demonstrates that, in post-Mubarak Egypt, progress toward liberalism and democracy is likely to be slow.
Essential reading on a subject of global importance, this edition includes a new introduction by Rutherford that takes stock of the Arab Spring and the Muslim Brotherhood's victories in the 2011-2012 elections.
eBook
Human capital in Egypt : the road to sustainable development
Although Egypt has made significant progress toward reviving economic growth, unemployment remains persistently high and a substantial rise in job opportunities is still needed to absorb the increasingly expanding labor force, with the challenge to absorb around 700,000 new entrants to the labor market annually. Other labor-related problems include low female participation, excessive government employment, a high percentage of people in non-decent employment, low productivity and wages, and high unemployment among youth and women. In addition, there is a significant mismatch between available skills and labor market requirements. Last but not least, weak social protection programs preclude the generation of enough decent work opportunities. This new collection of studies addresses these issues and more, with analyses of the current situation and future prospects, and recommendations for change going forward.
Book
Industrial Sexuality
Millions of Egyptian men, women, and children first experienced industrial work, urban life, and the transition from peasant-based and handcraft cultures to factory organization and hierarchy in the years between the two world wars. Their struggles to live in new places, inhabit new customs, and establish and abide by new urban norms and moral and gender orders underlie the story of the making of modern urban life—a story that has not been previously told from the perspective of Egypt’s working class. Reconstructing the ordinary urban experiences of workers in al-Mahalla al-Kubra, home of the largest and most successful Egyptian textile factory, Industrial Sexuality investigates how the industrial urbanization of Egypt transformed masculine and feminine identities, sexualities, and public morality. Basing her account on archival sources that no researcher has previously used, Hanan Hammad describes how coercive industrial organization and hierarchy concentrated thousands of men, women, and children at work and at home under the authority of unfamiliar men, thus intensifying sexual harassment, child molestation, prostitution, and public exposure of private heterosexual and homosexual relationships. By juxtaposing these social experiences of daily life with national modernist discourses, Hammad demonstrates that ordinary industrial workers, handloom weavers, street vendors, lower-class landladies, and prostitutes—no less than the middle and upper classes—played a key role in shaping the Egyptian experience of modernity.
eBook