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Egypt And The Politics Of U.s. Economic Aid (Hardcover)
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Egypt And The Politics Of U.s. Economic Aid (Hardcover)
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The massive U.S. economic aid program for Egypt initiated in 1975
resulted in a bilateral aid relationship shaped by the interaction
of political and development goals. In this study of the program's
origins and consequences, Professor Weinbaum describes its scope
and identifies the constraints that delayed and limited program
implementation. The author discusses the modest U.S. leverage
designed to encourage economic reforms and argues that far-reaching
reforms could only be attained through a major change in Egypt's
political structure. He finds that, despite its failure to make
Egypt more economically self-reliant, U.S. assistance has enabled
the country to attain a level of consumption and development
planning possible with no other alternative. The profit to the
United States results from the regime's moderate foreign policies
and compatible views on strategic threats to the region. Despite
the mutual benefits of this aid program, Professor Weinbaum
concludes that the United States must display greater sensitivity
to Egypt's political and economic problems if the "special
relationship" is to survive through the 1980s.
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