AA ABACA/PA Images. All rights reserved.November 2016 saw the Egyptian government implement a series of unprecedented neoliberal reforms. The Egyptian pound was devalued and lost 50 percent of its value in dollar terms, fuel subsidies were radically reduced and a new three year IMF loan agreement was signed all marking a new “shock therapy” approach to the long term stagnation of the Egyptian economy.
This article explores the historical and political context of these reforms and their possible repercussions.
One of the central demands of the January 2011 revolution in Egypt was social justice. Although the demand itself was vague and all encompassing, it expressed a powerful push for a redistribution of wealth in Egypt.
