Y376 International Political Economy

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Y376 International Political Economy February 17, 2011

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

Growth and Inflation: 1980-2006

Oil Production and Consumption

Egyptian Leaders Since WW2 Gamal Abdel Nasser (1956-70) Anwar El Sadat (1970-81) Hosni Mubarak (1981-2011)

Egyptian Economic Policies Import Substitution and State-Led Industrialization under the Nasser regime Sadat 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 reforms Includes privatization of state enterprises Egypt receives debt relief and large infusions of foreign aid after participation in the Gulf War coalition

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