Source: Carnegie Author(s): Ishac Diwan Original Link: https://carnegie-mec.org/2020/10/26/armed-forces-in-power-and-in-business-pub-83030 Armed forces in power and in business will be hard-pressed to implement the complex and painful economic reforms needed to stimulate growth. Read more at original link
Learn MoreIshac Diwan is Chair d’Excellence Monde Arabe at Paris Sciences et Lettres, and visiting professor at SIPA, Columbia University. His research focuses on topics related to Political Economy of the Middle East, Development and Growth in Africa, Financial Flows and Trade – domestic and global issues. He received his PhD. in Economics from University of
Learn MoreSource: Economic Research Forum Author(s): Ishac Diwan, Marc Schiffbauer Original Link: http://erf.org.eg/publications/private-banking-and-crony-capitalism-in-egypt/ Abstract: In Egypt, the bulk of bank loans during 2003-2010 went to politically connected firms. At the same time, the banking sector was liberalized increasingly operated around competitive and profit-maximizing principles. A key...
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