1. The Politics of Investment and Growth in Egypt: Experimenting with a New Approach.
- Author
-
Abdel-Latif, Abla and Schmitz, Hubert
- Subjects
INVESTMENTS ,INVESTORS ,PUBLIC-private sector cooperation ,GOVERNMENT policy ,ECONOMIC development ,NEOLIBERALISM ,DEVELOPING countries ,PROPERTY rights - Abstract
'Improve the investment climate!' is the dominant advice for governments wishing to achieve substantial increases in productive private investment. However, national-level investment-climate approaches have been criticised for not paying adequate attention to context and feasibility. This article experiments with a new approach which focuses on sectors and on relationships between policy-makers and investors, and shows how their common interest helped to overcome obstacles to investment and growth in Egypt. Such public-private relationships can be abused but they have provided effective transitional arrangements for enhancing investment and inducing a new growth dynamic. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
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