Essay on Privatization in Post Revolution Egypt

Essay on Privatization in Post Revolution Egypt

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B. A Glimpse at Privatization in Post Revolution Egypt
i. Privatization today
The Egyptian economy was affected as a result of the mass revolution that was launched in January 2011 ultimately leading to the overthrow of the Mubarak regime. Whilst the Egyptian ‘AL-Fuloul’ (remnants of the regime) are seen to still have a tight grip on the state owned enterprises as was evident before the overthrow of Mubarak, the economy is still struggling to meet the demands of the population suffering from social unrest (Kinninmont, J. 2012).

Privatization is not a component in the economic reform agenda since the toppling of Husni Mubarak. Current Egyptian president, Mohamed Morsi, stated in a speech in April 2013, “There will not be any more selling of the public sector again. That is over." A once integral component of economic reform, now privatization is absent from the step forward in an attempt to strengthen the weakened and fragile Egyptian economy.

As privatization is not a process integrated in the Egyptian economic reform today, the below characteristics highlight its recent effect on subsidies, reform legal polices and unemployment.

ii. Impact of privatization on subsidies, legal reform and unemployment today
One of the main problems facing the future of textiles and clothing industry in Egypt is the uncertainty of subsidization. The instability of the region and inaccessibility of transport of goods negatively affected the exports in the industry, furthermore contributing to export subsidization. In 2011, export subsidies fell by 25% (4 to 3 billion Egyptian pounds) (Algamy, 2011).
Furthermore, public officials state that it is impractical to subsidize Egypt’s small farmers. Since farmers own smaller plots of land, ...

... middle of paper ...

6. El-Haddad, A. 2010. “Effects of the Global Crisis on the Egyptian Textile and Clothing Sector.” International Labor Organization and the Egyptian Center of Economic Studies, (Accessed 12 December 2013), .
7. Fattouh, B. 2013. Privatization in the Middle East and North Africa. Lecture notes. (Accessed 21 December 2013),
7. U.S. Department of State. 2013. “2013 Investment Climate Report.” U.S Department of State, (Accessed 12 December 2013), .
8. World Bank. 1995. “Bureaucrats in Business.” The World Bank Report 1995, (Accessed 21 December 2013), .

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