Off hand I’d have thot international payments was pretty low on Egypt’s list of concerns, but no way we can say it was their trade deficit that caused the coup...
Well it’s the unemployment and high food costs that caused the coup.
The question is what caused the unemployment and high food costs?
In Egypt’s case, I think their is a spiritual cause that trumps economic policy. Their land is a desert, like most Muslim lands, because they have rejected God’s truth in favor of a lie.
But I bet Egypt has pursued the same free trade policies that the U.S. has been practicing and recommending to others. Thus the lack of other industries and the high trade deficits.
Well it’s the unemployment and high food costs that caused the coup.
The question is what caused the unemployment and high food costs?
In Egypt’s case, I think their is a spiritual cause that trumps economic policy. Their land is a desert, like most Muslim lands, because they have rejected God’s truth in favor of a lie.
But I bet Egypt has pursued the same free trade policies that the U.S. has been practicing and recommending to others. Thus the lack of other industries and the high trade deficits.