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Egypt has undergone significant economic liberalization under the auspices of the International Monetary Fund, the World Bank, USAID, and the European Commission. Yet after more than four decades of economic reform, the Egyptian economy still fails to meet popular expectations for inclusive growth, better standards of living, and high-quality employment. While many analysts point to cronyism and corruption, Amr Adly finds the root causes of this stagnation in the underlying social and political conditions of economic development. Cleft Capitalism offers a new explanation for why market-based development can fail to meet expectations: small businesses in Egypt are not growing into medium and larger businesses. The practical outcome of this missing middle syndrome is the continuous erosion of the economic and social privileges once enjoyed by the middle classes and unionized labor, without creating enough winners from market making. This in turn set the stage for alienation, discontent, and, finally, revolt. With this book, Adly uncovers both an institutional explanation for Egypt's failed market making, and sheds light on the key factors of arrested economic development across the Global South.

Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Capitalism --- Egypt --- Economic conditions --- Economic policy. --- E-books --- Market economy --- Profit --- Capital --- Capitalism. --- baladi capitalism. --- capitalist transformation. --- crony capitalism. --- dandy capitalism. --- institutions. --- market integration. --- missing middle. --- small scale establishments. --- social coalition.

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Lumbering State, Restless Society offers a comprehensive and compelling understanding of modern Egypt. Nathan J. Brown, Shimaa Hatab, and Amr Adly guide readers through crucial developments in Egyptian politics, society, and economics from the middle of the twentieth century through the present. Integrating diverse perspectives and areas of expertise, including the tools of comparative politics, the book provides an accessible and clear introduction to the Egypt of today alongside an innovative and rigorous analysis of the country’s history and governance.Brown, Hatab, and Adly highlight ways in which Egypt resembles other societies around the world, drawing from and contributing to broader debates in political science. They trace the emergence of a powerful and intrusive state alongside a society that is increasingly politicized, and they emphasize how the rulers and regimes who have built and steered the state apparatus have also had to retreat and recalibrate. The authors also examine why authoritarianism, corporatism, and socialism have decayed without resulting in a liberal democratic order, and they show why Egyptian politics should not be understood in terms of a single dominant force but rather an interplay among many actors. At once current, insightful, and engaging, Lumbering State, Restless Society delivers a powerful and distinctive account of modern Egypt in the modern world.

Egypt --- Social conditions --- Politics and government

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Political sociology --- Politics