Cleft Capitalism: The Social Origins of Failed Market Making in Egypt - Stanford Studies in Middle Eastern and Islamic Societies and Cultures (Paperback)
  • Cleft Capitalism: The Social Origins of Failed Market Making in Egypt - Stanford Studies in Middle Eastern and Islamic Societies and Cultures (Paperback)
zoom

Cleft Capitalism: The Social Origins of Failed Market Making in Egypt - Stanford Studies in Middle Eastern and Islamic Societies and Cultures (Paperback)

(author)
£23.99
Paperback 320 Pages / Published: 02/06/2020
  • Coming soon

Awaiting publication

  • This item has been added to your basket

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.

Publisher: Stanford University Press
ISBN: 9781503612204
Number of pages: 320
Dimensions: 229 x 152 mm


MEDIA REVIEWS
"Cleft Capitalism offers a lucid, rich, and new understanding of the course of Egyptian economic development. With his sophisticated understanding of Egyptian politics and society and refined economic analysis, Amr Adly not only helps us understand Egypt better, but offers a model of how to approach the contentious terrain of economic change in the developing world." -- Nathan J. Brown * George Washington University *
"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." -- Robert Springborg * Naval Postgraduate School *
"Cleft Capitalism is a highly original analysis of what Amr Adly calls Egypt's 'successful transition to failed capitalism.' Based on extensive and sound research, it represents an important rethinking of the trajectory of Egypt's political economy since 1974 and a bold challenge to Washington Consensus economic policy orthodoxy." -- Joel Beinin * Stanford University *

You may also be interested in...

The Balfour Declaration
Added to basket
Inside the Kingdom
Added to basket
£10.99
Paperback
Storm Front
Added to basket
£8.99
Paperback
The Tragedy of the Templars
Added to basket
Palestine
Added to basket
£14.99
Paperback
Mesopotamia
Added to basket
£12.99
Paperback
The Middle East
Added to basket
£14.99
Paperback
Iran: Empire of the Mind
Added to basket
City of Lies
Added to basket
£8.99
Paperback
The Palestine-Israeli Conflict
Added to basket
The First Crusade
Added to basket
The Great War for Civilisation
Added to basket
The Jewish War
Added to basket
£12.99
Paperback
Babylon
Added to basket
£11.99
Paperback

Please sign in to write a review

Your review has been submitted successfully.