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The Political Economy of Crisis Management and Reform in Egypt

von: Mahmoud Mohieldin, Hanan Amin-Salem, Amira El-Shal, Eman Moustafa
42,79 €
Verlag:	Palgrave Macmillan
Format:	PDF
Veröffentl.:	09.08.2024
ISBN/EAN:	9783031194825
Sprache:	englisch

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Beschreibungen

Titelbeschreibung

There is a significant discrepancy between the population of Egypt and the GDP of this country. This book offers pragmatic policy prescriptions for Egyptian decision-makers. It provides a path forward and toward a better future for the Egyptian people. The country faces challenges with household income, social welfare, productivity, and many other markers of twenty-first century economic success even vis-à-vis other developing country peers.<div> </div><div>This book focuses on framing the optimal macroeconomic policy agenda for Egypt in the face of the big global, regional and national forces that are being accelerated, intensified or changed by the COVID-19 crisis rather than on specific sectoral policy formulations. The authors present these big questions in the context of showing how Egypt can best navigate the risks and seize the opportunities of the current period of intense flux and transition, to put itself in the best possible position to create prosperity, stability, and hope for its citizens. The authors examine to what extent the Egyptian authorities can fulfill their ambitious development plans and in producing this work, to provide useful lessons that can be applied to other governments struggling to respond to the challenges of the age.</div>

Inhaltsverzeichnis

Chapter One: Introduction.- Chapter Two: Looking Back at How Egypt Got to Today.- Chapter Three: Navigating the Storms.- Chapter Four: Achieving Sustainable and Inclusive Growth.- Chapter Five: The Way Forward.

Autorenportrait

Mahmoud Mohieldin is a Professor of Economics, at Cairo University; the UN Special Envoy for Financing the 2030 Agenda for Sustainable Development; and the UN High-Level Champion for Climate Change. He served as Managing Director and Senior Vice President at the World Bank Group, and Minister of Investment in Egypt from 2004 to 2010.

Hanan Amin-Salem is a Managing Director and Global Head of Sovereign Advisory at Citi.  She served as First Deputy Minister of Finance in Egypt during 2014-2016.  Previously in her career, she worked at JPMorgan as a sovereign advisor as well as at Moody's Investors Service, where she held the role of Senior Analyst in the sovereign rating team.

Amira El-Shal is an Assistant Professor of Economics at Cairo University and the Associate Director of Research at the Abdul Latif Jameel Poverty Action Lab. She holds a PhD in Economics from City, University of London and an M.Sc. in Economics from University College London. She was a Senior Consultant at the African Development Bank, Economic Consultant at the European Bank for Reconstruction and Development, and Economic Expert at Egypt’s Ministry of Investment and International Cooperation.

Eman Moustafa is a Research Manager at the African Export-Import Bank (Afreximbank) and a Senior Economist at Egypt’s General Authority for Investment and Free Zones. She holds a PhD in Economics from Kingston University London and an MSc. in Economics from Queen Mary University of London. She was Senior Consultant at the Macroeconomic Policy, Debt Sustainability and Forecasting Division of the African Development Bank and Senior Economist at Egypt’s Investment Policy Advocacy Division of the Ministry of Investment and International Cooperation.

Back cover copy

“This book offers a fascinating study of the Egyptian economy from 1952 to now. The prescriptions provided will be of value to not just those who work on Egypt but anybody with an interest in development policy.”

— Kaushik Basu, Professor of Economics and Carl Marks Professor of

 

International Studies, Cornell University and former Chief Economist of the World Bank “This masterful analysis of Egypt’s policymaking over the past 70 years is an important contribution to understanding how ‘crises, disruptions and bad ideas’ have impeded the country from realizing its potential. Look to this book for key insights that can help pave the way for durable high-quality growth.”

—Mohamed El-Erian, President, Queens’ College, Cambridge University

 

“This is a brilliant case study of an important country. But much more than that, it is full of insights for Egypt and also an important contribution to our understanding of the political economy of growth and development.”

—A. Michael Spence, Nobel Laureate in Economics

 

This book frames an optimal policy agenda for Egyptian decision-makers to create a better future for the Egyptian people in the face of today’s big crises. In showing how Egypt can best navigate risks and seize the opportunities of the current period of intense flux and transition, the authors provide useful lessons for other governments struggling to respond to the challenges of our age.

 

Mahmoud Mohieldin is Professor of Economics at Cairo University, UN Special Envoy for Financing the 2030 Agenda for Sustainable Development, and UN High-Level Champion for Climate Change.

 

Hanan Amin-Salem is Managing Director and Global Head of Sovereign Advisory at Citi. She served as First Deputy Minister of Finance in Egypt from 2014 to 2016

 

Amira El-Shal is Assistant Professor of Economics at Cairo University and Director of Research at the Abdul Latif Jameel Poverty Action Lab.

 

Eman Moustafa is Research Manager at the African Export-Import Bank and Senior Economist at Egypt’s General Authority for Investment and Free Zones.

Sonderbeitrag

Examines why Egypt has lagged behind on economic and social development relative to other countries Focuses on framing the optimal macroeconomic policy agenda for Egypt Addresses Egypt in light of the United Nation's Sustainable Development Goals

Unpublished endorsement

“Few countries have been on the verge-of-takeoff for as long as Egypt. This book offers a fascinating study of the Egyptian economy from 1952 to now. The analysis and prescriptions provided by Mahmoud Mohieldin, given his long engagement with the country from the inside and out, along with his co-authors will be of value to not just those who work on Egypt but anybody with an interest in development policy.” (Kaushik Basu, Professor of Economics and Carl Marks Professor of International Studies, Cornell University and former Chief Economist of the World Bank) 
 
“Mahmoud Mohieldin and co-authors provide a comprehensive and insightful analysis of the past and future of economic reform in Egypt. The recommendations distill the vast analytical and practical knowledge of the authors in calling for a prioritization of the most vulnerable segments of the society and making an impact at the local level.  A must read for all development economists and practitioners.” (Asli Demirgüç-Kunt, Non-Resident Fellow, Global Development Center and former Chief Economist of the Europe and Central Asia Region, World Bank) 
 
“This masterful analysis of Egypt’s economic policymaking over the past 70 years is an important contribution to understanding how ‘crises, disruptions and bad ideas’ have impeded Egypt from realizing its vast potential. Their profound knowledge of Egypt, coupled with an impressive grasp of growth dynamics and macroeconomic stability, does more than shed light on past slippages. It also presents a hopeful outlook for the future. Look to this important book for key insights that can help pave the way for durable high-quality growth that markedly enhances the well-being of present and future generations of Egyptians.” (Mohamed El-Erian, President, Queens’ College, Cambridge University) 
 
“Why do some countries have it all but fail to prosper? They are blessed with human, natural, and geopolitical resources but cannot build on them because they resist reform—even obvious reforms. They seem locked inside a haphazard history of deep crises, missed opportunities, strokes of luck, new beginnings, fleeting successes, and dashed hopes. Egypt is one of those countries. And this book is a brilliant, brave attempt at explaining why and at imagining a better future.” (Marcelo M. Giugale, former Director, World Bank) 
 
“The Political Economy of Crisis Management and Reform provides an insightful and detailed look into the drivers behind Egypt’s attempts over the past 70 years to advance genuine economic development and build lasting prosperity. Offering tangible policy prescriptions based on a deep knowledge of the country and a keen understanding of development dynamics, Mohieldin and his co-authors lay out a path for the country’s policymakers to achieve a better future worthy of the aspirations of its young population.” (Peter Blair Henry, Senior Fellow, Hoover Institution and the Freeman Spogli Institute for International Studies., Stanford University) 
 
“The authors bring their years of experience working at the World Bank, United Nations, and other international organisations to a well-researched, nuanced, and timely account of Egypt’s political economy. This book comes at an important moment when emerging societies are facing a range of challenges, from the climate crisis to low social mobility, with limited means of addressing them in a systemic way. Transformation, the book argues, must happen at all levels of government, economy, and society.” (Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, University College London and Founding Director of the UCL Institute for Innovation and Public Purpose) 
 
“The book is a brilliant case study of an important country. But so much more than that, it is full of insights both for Egypt and its fascinating history with its evolving and sometimes rapidly-shifting policy frameworks, but also for broadly relevant and valuable learnings about economic and social development. For policymakers, international institutions and academics, the book is an important contribution to our understanding of the political economy of growth and development.” (A. Michael Spence, Professor of Economics, Emeritus, former Dean of the Graduate School of Business, Stanford University and Nobel Laureate in Economics)