The Economic Consequences of the Suez Crisis for Egypt
This chapter makes clear that, despite American and Soviet views about Nasser's Aswan decisions, the High Dam eventually stored enough water to save Egypt's agriculture from disaster after the decline of the Blue Nile water supply in the mid-1960s. The short-term economic arrangements with the Soviet Union and China also proved to be beneficial to the Egyptian economy: by 1958 Egypt sent half her exports to the Soviet bloc and China and received, on the basis of barter agreements, one-third of her imports; and eastern Europe opened up as a market for Egypt's expanding exports of manufactured goods.
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