Panza, Laura; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2013
Muhammad Ali, who ruled Egypt between 1805 and 1849, intervened in Egyptian markets in an attempt to foster …, wheat) at low prices and sold them on world markets at much higher prices, a policy equivalent to an export tax. Ali also … Egyptian history than from other poor countries at that time since Egypt faced the same terms of trade boom typical of most …