By Adam Morrow and Khaled Moussa al-Omrani
"CAIRO, Jan 18, 2010 (IPS) - Egypt embarked on "neo-liberal" economics more than three decades ago reorienting its socialist-oriented policies towards those of the "free market." Now, however, many critics call the strategy a failure and blame it for the country's rampant poverty and unemployment.
"Egypt's experiment with neo-liberal economics has resulted in soaring inflation, steadily increasing unemployment rates and a reduction of the average citizen's purchasing power," Hamdi Abdelazim, economist and former president of the Sadat Academy for Administrative Sciences in Cairo, told IPS....."
"CAIRO, Jan 18, 2010 (IPS) - Egypt embarked on "neo-liberal" economics more than three decades ago reorienting its socialist-oriented policies towards those of the "free market." Now, however, many critics call the strategy a failure and blame it for the country's rampant poverty and unemployment.
"Egypt's experiment with neo-liberal economics has resulted in soaring inflation, steadily increasing unemployment rates and a reduction of the average citizen's purchasing power," Hamdi Abdelazim, economist and former president of the Sadat Academy for Administrative Sciences in Cairo, told IPS....."
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