Rent-Seeking Coalition, Captured Governance and Emergence of the Crony Capitalism in Egypt

The purpose of this article is to explain the emergence of crony capitalism in the Arab Republic of Egypt, and it answers the question of what has led to the formation of Crony capitalism in the Arab Republic of Egypt? In response, the hypothesis investigated is that the Arab Republic of Egypt's captured governance by the rent-seeking elites and coalition has led to the emergence of crony capitalism in this republic. The dominant political elites and coalitions analyzed by an explanatory method and the theoretical perspective of political economy, findings show that the political elites not only fail to encourage development but also go even as far as blocking the necessary introductions of economic growth, such as the fair, favorable environment for economic growth that is the most powerful instrument for reducing poverty and improving the quality of life, so that is the fundamental cause of economic backwardness, in the country.