Download the fantastic book titled Cleft Capitalism written by Amr Adly, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Cleft Capitalism", which was released on 09 June 2020. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the History genre.
Summary of Cleft Capitalism by Amr Adly PDF
Egypt has undergone significant economic liberalization under the auspices of the International Monetary Fund, the World Bank, USAID, and the European Commission. Yet after more than four decades of economic reform, the Egyptian economy still fails to meet popular expectations for inclusive growth, better standards of living, and high-quality employment. While many analysts point to cronyism and corruption, Amr Adly finds the root causes of this stagnation in the underlying social and political conditions of economic development. Cleft Capitalism offers a new explanation for why market-based development can fail to meet expectations: small businesses in Egypt are not growing into medium and larger businesses. The practical outcome of this missing middle syndrome is the continuous erosion of the economic and social privileges once enjoyed by the middle classes and unionized labor, without creating enough winners from market making. This in turn set the stage for alienation, discontent, and, finally, revolt. With this book, Adly uncovers both an institutional explanation for Egypt's failed market making, and sheds light on the key factors of arrested economic development across the Global South.
Detail About Cleft Capitalism PDF
- Author : Amr Adly
- Publisher : Stanford University Press
- Genre : History
- Total Pages : 377 pages
- ISBN : 150361221X
- Release Date : 09 June 2020
- PDF File Size : 35,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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