Transitional Problems from Reform to Growth: Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy
In recent years, considerable analytical work has been done on issues of economic reform in countries undertaking adjustment. Less attention has been devoted to the social costs of adjustment and the transitional problems during the period from reform to growth. The Egyptian economic adjustment sinc...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1994
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| Schriftenreihe: | OECD Development Centre Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | In recent years, considerable analytical work has been done on issues of economic reform in countries undertaking adjustment. Less attention has been devoted to the social costs of adjustment and the transitional problems during the period from reform to growth. The Egyptian economic adjustment since 1991 is a good case in point, as Egypt is facing difficult transitional problems, of both social and financial nature. The first part of this paper discusses Egypt's newly established social fund (1991), notably the adequacy of its core programmes and targeting mechanism for providing an appropriate "social safety net" in the medium term. The second part of the paper deals with Egypt's financial intermediation system, which is unable to convert large amounts of liquid savings into long-term real capital, hence increasing the time-lag between reform and growth. It is concluded that an efficient system of financial intermediation and a comprehensive social safety net are needed to ... |
| Beschreibung: | 1 Online-Ressource (45 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/267677618887 |
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| spelling | Abdel-Fadil, Mahmoud Verfasser aut Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy Mahmoud Abdel-Fadil Paris OECD Publishing 1994 1 Online-Ressource (45 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Development Centre Working Papers In recent years, considerable analytical work has been done on issues of economic reform in countries undertaking adjustment. Less attention has been devoted to the social costs of adjustment and the transitional problems during the period from reform to growth. The Egyptian economic adjustment since 1991 is a good case in point, as Egypt is facing difficult transitional problems, of both social and financial nature. The first part of this paper discusses Egypt's newly established social fund (1991), notably the adequacy of its core programmes and targeting mechanism for providing an appropriate "social safety net" in the medium term. The second part of the paper deals with Egypt's financial intermediation system, which is unable to convert large amounts of liquid savings into long-term real capital, hence increasing the time-lag between reform and growth. It is concluded that an efficient system of financial intermediation and a comprehensive social safety net are needed to ... Development Egypt https://doi.org/10.1787/267677618887 Verlag kostenfrei Volltext |
| spellingShingle | Abdel-Fadil, Mahmoud Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy Development Egypt |
| title | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy |
| title_auth | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy |
| title_exact_search | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy |
| title_exact_search_txtP | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy |
| title_full | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy Mahmoud Abdel-Fadil |
| title_fullStr | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy Mahmoud Abdel-Fadil |
| title_full_unstemmed | Transitional Problems from Reform to Growth Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy Mahmoud Abdel-Fadil |
| title_short | Transitional Problems from Reform to Growth |
| title_sort | transitional problems from reform to growth safety nets and financial efficiency in the adjusting egyptian economy |
| title_sub | Safety Nets and Financial Efficiency in the Adjusting Egyptian Economy |
| topic | Development Egypt |
| topic_facet | Development Egypt |
| url | https://doi.org/10.1787/267677618887 |
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