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
Source: Getty
Recognition by Egypt's leading Jihadists that violence has failed to achieve political change and in fact has been counterproductive has led them to a remarkable change of course.
Director, Middle East Program
Amr Hamzawy is a senior fellow and the director of the Carnegie Middle East Program. His research and writings focus on Egypt’s and other middle powers’ involvement in regional security in the Middle East, particularly through collective diplomacy and multilateral conflict resolution
Sarah Grebowski
Carnegie Middle East Center
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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