Political Science Commons^™

Economic Aid To Egypt: Promoting Progress Or Subordination?, Dina Jadallah

Class, Race and Corporate Power

This article evaluates the political economy of U.S. aid in Egypt, arguing that transnational actors worked symbiotically with political and crony capitalist Egyptian elite to formulate and implement aid policies. The transnational elite project, narratively described as promoting ‘market democracy,’ defined reforms within a narrow frame where political and economic engagement would not challenge the dominant U.S.-Israeli security structure. The aid regime used a dual strategy based on partnerships and privatization, whereby reforms functioned to enhance asymmetric elite profit-making, economic integration into the U.S.-dominated capitalist system, and the geostrategic stability, and hence, dictatorship, within that order. Dictatorial power was central …