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Economic Reform in Egypt in a Changing Global Economy

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  • Joseph Licari

Abstract

Egypt, the oldest and most populous country in the Arab world, and one of its most influential in the Southern Mediterranean region, is now moving into the global economy. During the 1990s the country has pursued successful macroeconomic stabilisation policies and has also begun the structural reform programmes needed to put the country onto an export-led, high-growth path. The main constraint for this is the need to introduce change at a pace which will not undermine political stability.This paper reviews the results of the Uruguay Round Trade Agreements from the perspective of the Egyptian economy, examines the country’s economic relationships with the European Union in the context of the Europe-Mediterranean Partnership Initiative, and identifies main domestic policy challenges. It argues that the European Union could offer more technical assistance and better access for Egyptian agricultural products, while Egypt could further liberalise its trade regime, including ... L’Égypte, pays le plus ancien et le plus peuplé du monde arabe — l’un des plus influents dans la région du Sud de la Méditerranée — entre aujourd’hui dans l’économie mondiale. Au cours des années 90, ce pays a adopté avec succès des politiques de stabilisation macro-économique et engagé les programmes de réforme structurelle nécessaires pour entrer sur le chemin d’une croissance forte, tirée par les exportations. La principale contrainte reste d’introduire les changements à un rythme qui ne mette pas en danger la stabilité politique.Ce document examine les résultats des accords de l’Uruguay Round du point de vue de l’économie égyptienne ; il étudie également les relations économiques tissées avec l’Union européenne dans le cadre de l’Initiative de partenariat Europe-Méditerranée et identifie les principaux défis de politique intérieure. Il en ressort que l’Union européenne pourrait offrir à l’Égypte une aide technologique accrue et s’ouvrir à ses produits agricoles. L’Égypte ...

Suggested Citation

  • Joseph Licari, 1997. "Economic Reform in Egypt in a Changing Global Economy," OECD Development Centre Working Papers 129, OECD Publishing.
  • Handle: RePEc:oec:devaaa:129-en
    DOI: 10.1787/132382274657
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    Cited by:

    1. Thierry Mayer, 2006. "Policy Coherence for Development : A Background paper on Foreign Direct Investment," SciencePo Working papers Main hal-01065640, HAL.
    2. repec:hal:wpspec:info:hdl:2441/10184 is not listed on IDEAS
    3. repec:spo:wpecon:info:hdl:2441/10184 is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/10184 is not listed on IDEAS

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