Commentary
Yezid Sayigh
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Source: Getty
The Implications of Egypt’s Military Economy
The Egyptian military’s involvement in the economy has come at a high cost, contributing to underperformance in development and auguring a new ruling class of military officers.
By Yezid Sayigh
Published on Oct 26, 2020
The Carnegie report “Owners of the Republic: An Anatomy of Egypt’s Military Economy” details how the involvement of the Egyptian Armed Forces in the economy has undergone a transformation in scope and scale under President Abdel-Fattah el-Sisi, giving rise to a new version of Egyptian state capitalism. The Egyptian military’s involvement in the economy has come at a high cost, contributing to underperformance in development and auguring a new ruling class of military officers. The Egyptian economy relies heavily on the military-led public sector, which has proven unable to provide the long-term, quality growth necessary to pull millions out of poverty. The Sisi administration has expanded its business interests to sideline cronies of the government it overthrew, but its economic activities will make it difficult to implement the reforms necessary to stimulate growth.
Egypt’s Military as the Spearhead of State Capitalism, Yezid Sayigh
The Chronic Underperformance of Egypt’s Military Economy, Bessma Momani
Egypt’s Emerging Ruling Class, Shana Marshall
The Egyptian Economy: In the Clutches of the Deep State, George T. Abed
Armed Forces in Power and in Business, Ishac Diwan
About the Author
Yezid Sayigh
Senior Fellow, Malcolm H. Kerr Carnegie Middle East Center
Yezid Sayigh is a senior fellow at the Malcolm H. Kerr Carnegie Middle East Center in Beirut, where he leads the program on Civil-Military Relations in Arab States (CMRAS). His work focuses on the comparative political and economic roles of Arab armed forces, the impact of war on states and societies, the politics of postconflict reconstruction and security sector transformation in Arab transitions, and authoritarian resurgence.
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Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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