Economic Liberalization and Privatization: Egypt and Hungary

J. Tesche and Sahar Tohamy
Authors registered in the RePEc Author Service: Sahar Tohamy Hassanin ()

No 9410, Working Papers from Economic Research Forum

Abstract: In this paper the background and recent economic reforms in Hungary and Egypt are compared. Economic liberalization policies, the development of legal and institutional infrastructure for the private sector, and divestiture of public enterprises are analyzed. The paper argues that most of Egypt's privatization and much of Hungary's has come through the relaxation of government interference in the private sector. Unemployment is identified as a major social problem affecting structural reform efforts. The conclusion is that divestiture of public enterprises should not be the exclusive, or even main, concern of government policy or external advice.

Date: 1994-14-07, Revised 1994
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Published by The Economic Research Forum (ERF)

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