In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Youssef Boutros Ghali, Minister of Finance, Egypt.
In 2004 Egypt began introducing economic reforms intended to increase trade, facilitate doing business, and promote growth. Those reforms have included floating the Egyptian pound, slashing corporate and personal income taxes by 50 percent, customs and investment reforms, and partial privatizations. Finance Minister Youssef Boutros Ghali will discuss Egypt’s liberalization agenda, including recent constitutional amendments affecting economic policy and its impact on Egypt and the region.