Egypt’s Economic Reform: The Good and the Bad

Source: Council On Foreign Relations
Author(s): Steven A. Cook, Imran Riffat

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Last Friday, many Egyptians and more than a few Egypt watchers in Washington, DC, held their collective breath. November 11 was to be the “Revolution of the Poor,” but the 22 million who live in poverty did not show up in Tahrir Square to demand change. It might have been the large number of riot police and armored vehicles in the streets that kept people away. It also might have been the sheer exhaustion of the last six years and the fear of what might come next should another “revolution” erupt. The era of former President Hosni Mubarak may be perceived as an era of stagnation, but thus far it looks good along a number of economic, social, and even political dimensions in comparison to what has followed it…

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