Bread Subsidies in Egypt: Choosing Social Stability or Fiscal Responsibility
- 26 December 2007
- journal article
- research article
- Published by SAGE Publications in Review of Radical Political Economics
- Vol. 40 (1) , 35-49
- https://doi.org/10.1177/0486613407311086
Abstract
Bread subsidies contribute greatly to social stability in Egypt, yet there exist academic and political tendencies to abandon the system in the interest of market-based efficiency. This represents a shift in contemporary economic ideology historically focused upon maintaining calm after Cairo's 1977 bread riots. Further, international pressure to `liberalize` the Egyptian economy paradoxically conflicts with Western desires to suppress religious fundamentalism in the region. These incongruities are largely ignored by Egyptian and Western research.Keywords
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