The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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The Egyptian economy will play a critical role in the success or failure of the country’s transition to democracy. The U.S. Congress can take concrete steps to help drive Egypt’s economic development at this critical stage.
The health of the Egyptian economy and international assistance will both play a critical role in the success or failure of Egypt’s transition to democracy.
Senator Joe Lieberman discussed the importance of building a stable, democratic, and prosperous Egypt. Following his remarks, Michele Dunne, Jeff Gedmin, and Uri Dadush discussed the current state of the Egyptian economy. They also outlined the options available to Congress—including further debt relief, trade incentives, investment, and other forms of assistance—to help drive Egypt’s economic development at this critical stage.
Joe Lieberman
Former Nonresident Scholar, Middle East Program
Michele Dunne was a nonresident scholar in Carnegie’s Middle East Program, where her research focuses on political and economic change in Arab countries, particularly Egypt, as well as U.S. policy in the Middle East.
Jeff Gedmin
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
Carnegie 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.
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
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