This paper aims at investigating the difference between the Egyptian and Argentinean approach to privatisation and FDI and how their different policies, institutions and regulations affected the progress of their respective privatisation programmes and FDI participation. The analysis indicates that, in Egypt, the legal framework of privatisation did not explicitly incorporate FDI participation. FDI regulations were developed separately from privatisation regulations. As a result, a foreign investor in Egypt is faced with multiple laws and multiple regulating agencies for FDI. Unlike in Argentina, the legal framework of privatisation explicitly incorporated the participation of FDI, and FDI regulations were totally liberalised. This explains why FDI participation in Argentine privatisation during 1989 – 2000 accounted for 63% of privatisation proceeds, while, in Egypt, FDI participation accounted for only 24% of privatisation proceeds during 1993 – 2000.
|Place of Publication||Bath, U. K.|
|Publisher||Department of Economics, University of Bath|
|Publication status||Published - 2009|
|Name||Bath Economics Research Working Papers|
Naguib, R. I. (2009). Institutional and Regulatory Frameworks of Privatisation and FDI: A Comparative Study between Egypt and Argentina. (Bath Economics Research Working Papers; No. 20/09). Department of Economics, University of Bath.