Guest post: how aid helped turn Egypt into a disaster | beyondbrics

Guest post: how aid helped turn Egypt into a disaster | beyondbrics:

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By Dalibor Rohac of the Cato Institute

Senators John McCain and Lindsey Graham might be personae non gratae in Egypt but their call to stop US aid to the Egypt is fully justified. The story of Egypt displays all the pathologies commonly described the critics of foreign aid: waste, unintended consequences and the emergence of a culture of dependence and policy inertia.

This should not come as a surprise given that the aid – coming from the US, Europe or from the Gulf – has not been motivated by economic reasons but rather by the political importance of Egypt as the most populous Arab country."

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