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Old May 12th, 2010, 11:59 AM   #1
Hersh
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Egypt and African Aid

Seeing that Egypt seems to have a relatively large share of the African economy and soon to overtake South Africa if things continue as they are, I've wondered how much the favorable policies America exerts towards Egypt in various ways especially Aid contributed to this relative anomaly.

I remember reading sometime back that American Aid to Egypt alone is greater than Aid given to all of the other African countries COMBINED.

What, other than this and the Suez canal propelled its economy so much so early?

I'm curious.
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Old May 13th, 2010, 07:23 AM   #2
I.M Boring
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Egypt ( Economy wise) is far behind SA IIRC, and on par with Nigeria.
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Old May 13th, 2010, 09:53 AM   #3
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Egypt gets a lot of aid. For example, since the 60s, Egypt got $60 billion from the US, compared with $4 billion for Ethiopia.
It also has the busiest trade route in the world and is right next to European markets and ME markets.
If I'm not mistaken, they have a pretty large diaspora. There isn't a place I've been to where there weren't Egyptians. On top of that, they have gas and a huge tourist industry.
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Old May 13th, 2010, 11:58 AM   #4
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WOW, with so many things on its side, why isn't Egypt a first world country?
If you ask me, i think I smell a hint of corruption.
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