Hanaa Kheir-El-Din (ed.)
- Published in print:
- 2009
- Published Online:
- September 2011
- ISBN:
- 9789774163036
- eISBN:
- 9781617970344
- Item type:
- book
- Publisher:
- American University in Cairo Press
- DOI:
- 10.5743/cairo/9789774163036.001.0001
- Subject:
- Political Science, Political Economy
Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has ...
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Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is an analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature and international experience, and the findings can be applied to other middle-income economies. The study helps to explain the complex issues facing economists and policymakers, with proposals for reform.Less
Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is an analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature and international experience, and the findings can be applied to other middle-income economies. The study helps to explain the complex issues facing economists and policymakers, with proposals for reform.
Justin Yifu Lin and Célestin Monga
- Published in print:
- 2019
- Published Online:
- May 2020
- ISBN:
- 9780691192338
- eISBN:
- 9781400884681
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691192338.003.0006
- Subject:
- Economics and Finance, International
This chapter draws on lessons from history to argue that policy disappointments such as Ghana's mainly reflect failure not of politics but of economic thinking and policy making. There are now enough ...
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This chapter draws on lessons from history to argue that policy disappointments such as Ghana's mainly reflect failure not of politics but of economic thinking and policy making. There are now enough both failed and successful experiments in economic development for researchers and policy makers to draw on. It highlights the possibilities for poor countries to transform into middle-and even high-income economies and stresses the benefits of such transformations for the world economy as a whole. The chapter starts with a discussion of the role of agricultural development in developing countries today, stressing both its potential contribution in the short term and its limitations in the medium and long term. It then details some first-order economic principles for success, pointing to the need for structural change, which occurs only through industrialization. For the process to be successful, economic policy should aim at “ambitious pragmatism,” which requires calibrating the pace of economic take-off with the existing economic structure and country development level.Less
This chapter draws on lessons from history to argue that policy disappointments such as Ghana's mainly reflect failure not of politics but of economic thinking and policy making. There are now enough both failed and successful experiments in economic development for researchers and policy makers to draw on. It highlights the possibilities for poor countries to transform into middle-and even high-income economies and stresses the benefits of such transformations for the world economy as a whole. The chapter starts with a discussion of the role of agricultural development in developing countries today, stressing both its potential contribution in the short term and its limitations in the medium and long term. It then details some first-order economic principles for success, pointing to the need for structural change, which occurs only through industrialization. For the process to be successful, economic policy should aim at “ambitious pragmatism,” which requires calibrating the pace of economic take-off with the existing economic structure and country development level.
Carmelo Mesa-Lago
- Published in print:
- 1991
- Published Online:
- September 2011
- ISBN:
- 9780198233008
- eISBN:
- 9780191678967
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198233008.003.0008
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter concentrates on formal social security and its associated issues in Latin America and the Caribbean, and does not deal with programmes included under the broader definition of social ...
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This chapter concentrates on formal social security and its associated issues in Latin America and the Caribbean, and does not deal with programmes included under the broader definition of social security, such as famine prevention, agrarian reform, education, and employment promotion. It explains that a major reason for this exclusion is that the ‘formal’ concept is typical of the LAC countries, most of which rank as middle-income economies according to the World Bank classification. The chapter notes that the majority of these countries are urban, its labour force is mostly salaried, and it is rich in natural resources. It specifies that the term ‘social security’ is used in this chapter in its ‘formal’ sense, which, following the traditional ILO (International Labour Organization) concept covers several programmes such as: social insurances (old-age, disability, and survivor pensions; non-occupational sickness and maternity care, and corresponding monetary benefits; occupational accident and disease care, and monetary benefits; unemployment compensation); national health systems; and provident funds.Less
This chapter concentrates on formal social security and its associated issues in Latin America and the Caribbean, and does not deal with programmes included under the broader definition of social security, such as famine prevention, agrarian reform, education, and employment promotion. It explains that a major reason for this exclusion is that the ‘formal’ concept is typical of the LAC countries, most of which rank as middle-income economies according to the World Bank classification. The chapter notes that the majority of these countries are urban, its labour force is mostly salaried, and it is rich in natural resources. It specifies that the term ‘social security’ is used in this chapter in its ‘formal’ sense, which, following the traditional ILO (International Labour Organization) concept covers several programmes such as: social insurances (old-age, disability, and survivor pensions; non-occupational sickness and maternity care, and corresponding monetary benefits; occupational accident and disease care, and monetary benefits; unemployment compensation); national health systems; and provident funds.
