Abstract

Despite the radical upheavals during the revolution of 2011 whereby the Egyptian public rejected neoliberalism and authoritarianism, Egypt has reverted back to the neoliberal model of economic development. This paper discusses the reasons behind the resilience of neoliberalism focusing on the role of dominant economic ideas, the influence of international financial institutions in policy making and the challenging domestic political environment, which has so far precluded a break from the neoliberal model. The paper ends with a critical assessment of current policies and their broader social implications for different classes and groups in Egypt.

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