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Egypt: The open-door policy and the implications of foreign investment and transnational corporation personnel policies with the particular reference to middle-management 1970-1979

Prestage, John Roger (1982) Egypt: The open-door policy and the implications of foreign investment and transnational corporation personnel policies with the particular reference to middle-management 1970-1979. PhD thesis, Murdoch University.

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Abstract

The objective of this thesis was to examine the impact of foreign investment in Egypt since 1974, when the open-door policy was adopted. This has entailed a study of the political, legal, economic and cultural determinants related to foreign investment within Egypt.

The study concentrates on the critical economic issues which led to the changes in political policies and the outcomes which resulted in a redirection of political and economic policies and the growth of the private sector.

The outcome was increasing western capitalist influence associated with changing income relativities which had social and cultural implications in what is essentially a socialist state in a Moslem world. In the initial stages as a result of increased investment the labour force participation rate increased and the balance of payments improved although the balance of trade deficits continued to increase. In the longer-term these favourable movements were not maintained. Average real wages decreased during the period which also witnessed the growth of a small wealthy sector. The empirical evidence examined supported theoretical models of dualism and unbalanced economic growth: characteristics of other developing countries.

Transnational corporation growth was chiefly in banking, tourism and the chemical industries. Very few entered into import substitution or export expansion activities. Foreign firms conformed to national legislation and played a low key role. There was little empirical evidence to support theoretical models of global power. The personnel policies of over 30 transnational corporations were analysed with particular reference to the recruitment and employment of middle-managers.

The success of the projects undertaken demonstrated that Egyptian personnel had the capacity and expertise to develop small efficient economic units. However increased foreign competition revealed inherent weaknesses in the areas of marketing, planning and production.

Foreign firms were cooperative in providing information and assistance. particularly Pfizer-Egypt, Lloyds Bank, The Middle-East Advisory Group and Squibb M.E. The staff of the Workers Education Association, the National Institute of Management Development, the National Bank of Egypt and The American University in Cairo were extremely helpful in supplying Egyptian data.

Item Type: Thesis (PhD)
Murdoch Affiliation: School of Social Inquiry
Notes: Note to the author: If you would like to make your thesis openly available on Murdoch University Library's Research Repository, please contact: repository@murdoch.edu.au. Thank you.
Supervisor(s): UNSPECIFIED
URI: http://researchrepository.murdoch.edu.au/id/eprint/51129
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