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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.
Economic aid is one of the cornerstones of the Egyptian-American relationship, and plays a significant role in promoting US policy objectives in the Middle East. Focusing on the latter half of Hosni Mubarak's rule, Dina Jadallah argues that, through its aid policy, the US has attempted to use a reforming and democratising narrative to transform Egypt into a stable "market democracy" that would be aligned with US interests in the region. This aim has been pursued in conjunction with one that promoted a comprehensive "warm peace" with Israel. By highlighting the opposition within Egypt to US aid, Jadallah analyses the key issues that came to the fore during the 2010/11 protests in the country and led to the downfall of Mubarak. Extending her analysis into the post-revolutionary period, the author provides interviews with regime insiders and prominent critics, inside state institutions and outside, who actively challenged the regime. This enables her to assess the different perceptions of US aid both under Mubarak and in the current political situation, contributing to an incisive analysis of modern Egypt and its relations with its superpower ally in the region.