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Near East Policy — that the United States should withhold financial aid from Egypt if it violates the Camp David peace treaty with Israel (because Cairo is sending more military assets to the Sinai to combat terrorists attacking both Israel and Egypt). While world attention in our region focuses on
narratives betray a chronic blindness to competing explanations. Consider South Korea's development. As Acemoglu and Robinson recognize, President Park Chung-hee, who was in power from 1961 to 1979, ran an extractive political system that still somehow managed to create inclusive economic institutions. Contr
Near East Policy — that the United States should withhold financial aid from Egypt if it violates the Camp David peace treaty with Israel (because Cairo is sending more military assets to the Sinai to combat terrorists attacking both Israel and Egypt). While world attention in our region focuses on
narratives betray a chronic blindness to competing explanations. Consider South Korea's development. As Acemoglu and Robinson recognize, President Park Chung-hee, who was in power from 1961 to 1979, ran an extractive political system that still somehow managed to create inclusive economic institutions. Cont
sort there. The United States was primarily interested in stability. Despite brave speeches on democracy by both Condeleezza Rice and Barack Obama in Cairo, the United States actually pulled its punches in pushing serious democratic reform on Egypt, particularly after the Hamas electoral victory in Gaza
Page: HOUSE_OVERSIGHT_023479 →not a universally applicable formula for development. It worked reasonably well in East Asia, where there were a number of figures like Lee Kwan Yew, Park Chung-hee or the Chinese Communist Party leadership, who used their autocratic powers to promote rapid development and social change. Arab authoritarians were
Page: HOUSE_OVERSIGHT_023481 →Entities connected to both Cairo and Park Chung-hee

Barack Obama
PERSON
George W. Bush
PERSON
United States
LOCATION
Benjamin Netanyahu
PERSON
Jeffrey Epstein
PERSON
Bashar al-Assad
PERSON
Lebanon
LOCATION
Marc Rich
PERSON
Yemen
LOCATION
Bill Clinton
PERSON
Jerusalem
LOCATION
Middle East
LOCATION
Terje Rod-Larsen
PERSON
Bahrain
LOCATION
Saddam Hussein
PERSON
Samantha Power
PERSON
Baghdad
LOCATIONSinai
LOCATION
Mitt Romney
PERSON
Ehud Barak
PERSON