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New Developmental Experiments in Two Emerging Economies: Lessons from Brazil and Egypt

  • Judit RiczEmail author
Chapter
Part of the International Political Economy Series book series (IPES)

Abstract

The chapter investigates recent experiments of the state-led development approach in Brazil and Egypt in the light of their most recent difficulties. The comparative study applies an institutional and political economy approach to highlight similarities and differences: Brazil’s pro-poor and inclusive development model evolving after the millennium is contrasted with the lack of pro-poor stance and inclusive approach in Egypt.

The new governments in the two countries also seem to be heading into the opposite economic policy directions while in Brazil the new Temer government has announced market-oriented reforms and aims to significantly cut back the role of state in economic development, the Sisi government in Egypt has strengthened its commitment to the state-led developmentalist approach (while heavily relying on old practices and institutional ties).

Keywords

State capitalism Inclusive development Brazil Egypt 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Institute of World EconomicsHungarian Academy of SciencesBudapestHungary

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