February 17, 2011. Egypt: Basic Facts Population: 83 million Religions: 90 percent Muslim, 10...

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Y376 International Political Economy February 17, 2011

Transcript of February 17, 2011. Egypt: Basic Facts Population: 83 million Religions: 90 percent Muslim, 10...

Page 1: February 17, 2011. Egypt: Basic Facts Population: 83 million Religions: 90 percent Muslim, 10 percent Christian GDP: $501 Billion GDP growth: averaging.

Y376 International Political Economy

February 17, 2011

Page 2: February 17, 2011. Egypt: Basic Facts Population: 83 million Religions: 90 percent Muslim, 10 percent Christian GDP: $501 Billion GDP growth: averaging.

Egypt: Basic Facts• Population: 83 million

• Religions: 90 percent Muslim, 10 percent Christian

• GDP: $501 Billion

• GDP growth: averaging 5% in the last decade

• GDP per capita: $6,200

• Exports: oil, cotton, textiles, food products

Page 6: February 17, 2011. Egypt: Basic Facts Population: 83 million Religions: 90 percent Muslim, 10 percent Christian GDP: $501 Billion GDP growth: averaging.

Egyptian Economic PoliciesImport Substitution and State-Led

Industrialization under the Nasser regimeSadat regime adopts lower tariffs and some

export promotion policies but continues Nasserist policies

1991 debt crisis leads to IMF structural adjustment agreement and adoption of further reformsIncludes privatization of state enterprises

Egypt receives debt relief and large infusions of foreign aid after participation in the Gulf War coalition