Published on Pambazuka News (https://www.pambazuka.org)

Home > Egypt: Falling wages, high prices and the failure

Contributor [1]
Thursday, June 5, 2008 - 03:00
Categories: 
Development [2]
Issue Number: 
378 [3]
Article-Summary: 

In April 2008, after a wave of protests over low wages and high food prices, including an attempt to generate a general strike by many workers and social activists on April 6 and led by workers in the state-run textile industry, the Egyptian government suspended its export of rice and cement in order to meet local demand. This suspension of exports is a response to the failure of the export-oriented economy that the World Bank and the International Monetary Fund (IMF) prescribed for Egypt in ...read more [4]

In April 2008, after a wave of protests over low wages and high food prices, including an attempt to generate a general strike by many workers and social activists on April 6 and led by workers in the state-run textile industry, the Egyptian government suspended its export of rice and cement in order to meet local demand. This suspension of exports is a response to the failure of the export-oriented economy that the World Bank and the International Monetary Fund (IMF) prescribed for Egypt in 1991.

Category: 
Governance [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/development/48555 [6]
Country: 
Egypt [7]

Source URL: https://www.pambazuka.org/node/47301

Links
[1] https://www.pambazuka.org/author/contributor
[2] https://www.pambazuka.org/taxonomy/term/3303
[3] https://www.pambazuka.org/article-issue/378
[4] https://www.pambazuka.org/print/47301
[5] https://www.pambazuka.org/taxonomy/term/3274
[6] http://www.pambazuka.org/en/category.php/development/48555
[7] https://www.pambazuka.org/taxonomy/term/3317