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The Secret to Reviving the Arab Spring's Promise: Property Rights
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Egypt's Economic Apartheid- the antiquated legal system keeps $400 billion of the people's assets outside of the economy
06/03/2009
Hernando Soto conducted a detailed study on reforming the antiquated Egyptian legal system and the bureaucratic red tape that cripples the economy and leaves the Egyptian people without hope. It was presented to the Egyptian government for reforms in 2004, then the cabinet was reshuffled and reforms were blocked by hidden interests interested in preserving the status quo. The economic crisis facing Egypt after years of underinvestment in the economy.
Grouped Articles
Qatar's Aid to Egypt Raises Fears on Motives
Wall Street Journal 05/19/2013
Egypt Premier Known as Free-Market Champion
Wall Street Journal 07/10/2013
The Economic Blunders Behind the Arab Revolutions
Wall Street Journal 07/12/2013
Wall Street Journal 02/03/2011
Change in Egypt and Property and Political Rights
Wall Street Journal 02/08/2011
Wall Street Journal 06/03/2009
Hernando De Soto's 2004 report for the Egyptian government and the Economic Apartheid under Mubarak
02/03/2011
In 1997 Egypt's finance minister commissioned a report from AID and the Institute for Liberty and Democracy on improving Egypt's economy. It took 7 years of detailed study led by De Soto and a detailed report of reforms needed was submitted in 2004. The reforms were blocked by vested interests and there was a cabinet shakeup. This along with Gerson's account of a Condoleeza Rice meeting with opposition leaders in Cairo give an account of the last effort- made under President George W. Bush- to get Egypt back into economic growth in a modernizing world. This is a must read!
Grouped Articles
Egypt Premier Known as Free-Market Champion
Wall Street Journal 07/10/2013
The Economic Blunders Behind the Arab Revolutions
Wall Street Journal 07/12/2013
Wall Street Journal 02/03/2011
In Egypt, Town Built on Patronage Is Test of New Order
New York Times 02/20/2011
The Secret to Reviving the Arab Spring's Promise: Property Rights
Wall Street Journal 02/26/2013
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