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The Politics of Investment and Growth in Egypt: Towards A New Approach

Author

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  • Abla Abdel-Latif

    (American University in Cairo)

  • Hubert Schmitz

Abstract

How can governments achieve substantial increases in productive private investment? ‘Improve the investment climate’ is the dominant advice. However, national-level investment climate approaches have been criticized for not giving adequate attention to context and feasibility. This paper experiments with an approach which addresses these concerns by focusing on sectors and on the relationships between policy makers and investors. After setting out a framework for using this approach, the paper then examines whether it can explain the considerable inter-sectoral and inter-temporal differences in investment in Egypt. The paper shows that where public-private relationships are based on common interest, obstacles to investment and growth are more likely to be removed. The risk of abuse of such public-private interaction is acknowledged but in the examined sectors they have been effective transitional arrangements for enhancing investment and growth and for inducing a new dynamic.

Suggested Citation

  • Abla Abdel-Latif & Hubert Schmitz, 2010. "The Politics of Investment and Growth in Egypt: Towards A New Approach," Working Papers 546, Economic Research Forum, revised 09 Jan 2010.
    • Handle: RePEc:erg:wpaper:546
    as

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    References listed on IDEAS

    as
    1. Ricardo Hausmann & Lant Pritchett & Dani Rodrik, 2005. "Growth Accelerations," Journal of Economic Growth, Springer, vol. 10(4), pages 303-329, December.
    2. Schmitz, Hubert, 1982. "Growth constraints on small-scale manufacturing in developing countries: a critical review," World Development, Elsevier, vol. 10(6), pages 429-450, June.
    3. repec:dau:papers:123456789/231 is not listed on IDEAS
    4. Tilman Altenburg & Christian von Drachenfels, 2006. "The 'New Minimalist Approach' to Private-Sector Development: A Critical Assessment," Development Policy Review, Overseas Development Institute, vol. 24(4), pages 387-411, July.
    5. Robert H. Bates, 2004. "On The Politics of Property Rights by Haber, Razo, and Maurer," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 494-500, June.
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    Cited by:

    1. Khairul Akmaliah Adham & Hasmiah Kasimin & Nurul Atasha Jamaludin & Siti Khadijah Mohd Ghanie & Nor Azzatunnisak Mohd Khatib & Mohd Fuaad Said, 2016. "Developing a Cybernetics Approach to Analysing Inclusive Growth Constraints," Systemic Practice and Action Research, Springer, vol. 29(3), pages 215-234, June.

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