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.

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Generate an image of Infitah economic 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.)

All labels observed (2)

Label Occurrences
Infitah economic policy canonical 1
Infitah economic program 1

How this entity was disambiguated

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 ⓘ
linked to: 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 ⓘ
linked to: 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 ⓘ

How these facts were elicited

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 program ⓘ
linked to: Infitah economic policy