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CLEFT CAPITALISM The Social Origins of Failed Market Making in Egypt by Amr Adly
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Item specifics
- Condition
- Topic
- Marketing
- ISBN
- 9781503612204
About this product
Product Identifiers
Publisher
Stanford University Press
ISBN-10
1503612201
ISBN-13
9781503612204
eBay Product ID (ePID)
28038421135
Product Key Features
Number of Pages
336 Pages
Language
English
Publication Name
Cleft Capitalism : the Social Origins of Failed Market Making in Egypt
Publication Year
2020
Subject
Political Economy, International / Economics, Economic Conditions, Development / Economic Development, Middle East / Egypt (See Also Ancient / Egypt)
Type
Textbook
Subject Area
Political Science, Business & Economics, History
Series
Stanford Studies in Middle Eastern and Islamic Societies and Cultures Ser.
Format
Trade Paperback
Dimensions
Item Height
0.8 in
Item Weight
18.6 Oz
Item Length
9 in
Item Width
6 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2019-051225
Reviews
Amr Adly elaborates a novel explanation for underperforming economies of the Global South. Richly detailed, theoretically insightful, Cleft Capitalism is essential reading for anyone interested in the Egyptian, Middle Eastern, and other political economies.
Illustrated
Yes
Synopsis
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.
LC Classification Number
HC830.A5548 2020
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