The journey to Tahrir : revolution, protest, and social change in Egypt
Egypt’s economic history from the abdication of King Farouk in 1952 to the abdication of Husni Mubarak in 2011 can be divided into three grand stages: the era of state-led development, the gradual erosion of state-led development, and the blossoming of neoliberalism. The period from 2008 to the present (July 2011), that is, from global financial crisis and recession to fragile recovery, may be a fourth stage—entailing at least the erosion of neoliberalism and, perhaps, the beginning of an era of more balanced growth with a more equitable distribution of benefits.
© Karen Pfeifer
Pfeifer, Karen, "Economic Reform and Privatization in Egypt" (2012). Economics: Faculty Publications, Smith College, Northampton, MA.