Infitah economic policy

E29409

economic liberalization program economic policy government policy

Infitah economic policy was Egypt’s 1970s “open-door” strategy that shifted the country from state-led socialism toward economic liberalization, foreign investment, and a greater role for the private sector.

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All labels observed (2)

Label	Occurrences
Infitah economic policy canonical	1
Infitah economic program	1

Statements (51)

Predicate	Object
instanceOf	economic liberalization program ⓘ economic policy ⓘ government policy ⓘ
aimedAt	attracting foreign investment ⓘ economic liberalization ⓘ expanding private sector role ⓘ integrating Egypt into the global economy ⓘ reducing state dominance in the economy ⓘ
associatedWith	Presidency of the Arab Republic of Egypt ⓘ surface form: Anwar Sadat administration Egypt’s alignment with the United States ⓘ Egypt’s rapprochement with the West ⓘ
corePrinciple	economic openness ⓘ encouragement of foreign capital ⓘ encouragement of private enterprise ⓘ market-oriented reforms ⓘ
country	Egypt ⓘ
criticizedFor	benefiting a narrow elite ⓘ increasing income inequality ⓘ limited benefits for lower-income groups ⓘ rising cost of living ⓘ
etymology	Arabic word "infitah" meaning "opening" or "openness" ⓘ
follows	Arab socialist economic model in Egypt ⓘ Nasser-era state-led socialism ⓘ
hasAlternativeName	Infitah ⓘ open-door economic policy ⓘ open-door policy ⓘ
historicalContext	post-1973 October War period ⓘ shift from Nasserism to Sadat’s policies ⓘ
implementedIn	Egypt ⓘ surface form: Arab Republic of Egypt
includesMeasure	expansion of private sector activity ⓘ incentives for foreign direct investment ⓘ liberalization of foreign trade ⓘ opening of banking and financial sectors to foreign participation ⓘ partial deregulation of prices and markets ⓘ tax incentives for private investors ⓘ
influenced	Egypt’s structural adjustment programs in the 1980s and 1990s ⓘ subsequent Egyptian privatization policies ⓘ
initiatedBy	Anwar Sadat ⓘ surface form: President Anwar Sadat
languageOfName	Arabic ⓘ
legalBasis	Investment Law No. 43 of 1974 ⓘ Law No. 43 of 1974 ⓘ
mainProponent	Anwar Sadat ⓘ
policyDomain	financial sector policy ⓘ investment policy ⓘ macroeconomic policy ⓘ trade policy ⓘ
replacedPolicy	state-led import-substitution industrialization in Egypt ⓘ
resultedIn	expansion of private and foreign-owned enterprises ⓘ growth of a new business class in Egypt ⓘ
startTime	1974 ⓘ
timePeriod	1970s ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Anwar Sadat → implementedPolicy → Infitah economic policy ⓘ

Investment Law No. 43 of 1974 → keyComponentOf → Infitah economic policy ⓘ

this entity surface form: Infitah economic program