Economic Causes, Consequences, and Prospects of Sisi's New Egypt

Volume Volume XII|Issue 66| Jan 2024 |Articles

Abstract

The relationship between economies and polities is one of vital importance to the outcome of the contemporary intensifying struggle between authoritarians and democrats. Investigating this relationship in Egypt is therefore of relevance for the world as a whole, increasingly divided as it is between countries with political economies informed by authoritarian or democratic models. This study will explore manifestations of that vital relationship in Egypt. It will commence by outlining the global and national contexts within which the economy operates, and both shape it and present challenges that must be met to achieve more rapid growth. How economic factors have contributed to the rise of Sisi's new authoritarianism will then be investigated. This will be followed by reversing that relationship, analyzing the economic consequences of the Sisi regime. Whether those consequences will better enable Egypt to compete economically, or will undermine its capacities to do so, is addressed in the fourth section. That is followed by an effort to answer the related question of what the key building blocks of a more successful economic strategy might be. In the conclusion scenarios of alternative futures of Egypt's political economy are considered.

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