Infitah economic policy
E29409
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.
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 |
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 |
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 |
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 (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Anwar Sadat
→
|
implementedPolicy |