State Institutions and Economic Performance in Nineteenth-Century Egypt
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This article examines the relationship between state institutions and economic development in nineteenth-century Egypt. Leading theories in political economy suggest that centralized, yet constrained, state institutions are essential prerequisites for generating high levels of economic growth and prosperity. The article considers the ways in which centralizing reforms in nineteenth-century Egypt concentrated power in the hands of the khedives, damaging the capacity for other societal actors to constrain the executive. The relative lack of constraints on the Egyptian khedives permitted excessive borrowing that paved the way for European colonial intervention, with implications for economic development.
2018 ◽
Vol 5
(1)
◽
pp. 635
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2021 ◽
Vol 7
(4)
◽
pp. 7-22
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