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After the fall

First came Egypt's revolution—now for the cuts

By Magda Kandil   May 2013

The economic policies pursued in Egypt by the government of Hosni Mubarak helped to bring about the revolution, in January 2011, that led to his downfall. So what sort of economic development should the present Egyptian government pursue? How can Egypt’s troubled society be healed and enduring growth achieved?

Mubarak’s government set in place market-orientated reforms on privatisation and deregulation, with the intention of bringing growth up towards the 7 per cent range.  There were some economic gains from these alterations, but the trickle-down effect did not happen—the benefits were felt only at the top end of society. Despite the…

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