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Arab Corporatism

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  • Saifedean H. Ammous

    (Lebanese American University)

Abstract

This paper argues that the modern economic systems of Egypt and Tunisia can best be characterized as corporatist economic systems, rather than socialist or capitalist systems. The emergence of corporatist political regimes in Egypt and Tunisia has its roots in ‘free market reforms’ which were supposed to transform these economies from socialist economies to free market capitalist economies. Instead of ushering in free markets, these reforms instituted closed unfree markets characterized by restrictions on entry and competition, close links between the ruling regime and favored firms and extensive government support for these firms under the rhetoric of development. This corporatist system emerged because of, and in turn strengthened, an omnipresent police state and an unaccountable rentier government dependent on foreigners, not citizens, for its financing. Real economic reform in Egypt and Tunisia is dependent on dismantling these corporatist regimes, and not on changing the people in charge of them.

Suggested Citation

  • Saifedean H. Ammous, 2012. "Arab Corporatism," Working Papers 744, Economic Research Forum, revised Dec 2012.
    • Handle: RePEc:erg:wpaper:744
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    References listed on IDEAS

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    2. Hayek, F. A., 1991. "The Fatal Conceit," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320663 edited by Bartley, III, W. W., December.
    3. Edmund S. Phelps & Hans-Werner Sinn (ed.), 2011. "Perspectives on the Performance of the Continental Economies," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262015315, April.
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