Throughout the 1980s, the Mubarak administration postponed any initiative of economic reform, while Egypt, like many other developing countries, struggled with the chronic economic ills of severe budget and trade deficits; high inflation; a huge, inefficient public sector; and heavy external debt. By the end of the decade, Egypt inability to service its debts was the most dramatic of several danger signals. The government's reluctance to initiate...
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1995/12/31
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2019/03/06
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Disclosed
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Successful adjustment and declining governance? : the case of Egypt
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affiliate
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