The Economic Diplomacy Of The Suez Crisis

Diane Kunz describes here how the United States employed economic diplomacy to affect relations among states during the Suez Crisis of 1956-57. Using political and financial archival material from the United States and Great Britain, and drawing from personal interviews with many of the key players, Kunz focuses on how economic diplomacy determined the course of events during the crisis from start to finish. In doing so, she provides both an excellent case study of the role of economic sanctions in international relations and a solid treatment of the American use of such sanctions against a Middle Eastern country. The crisis was prompted by the Eisenhower administration's decision not to fund the Aswan High Dam, triggering the takeover of the Suez Canal Company by Egyptian President Gamal Abdel Nasser. Responding to events, the American government imposed economic sanctions against Great Britain, France, Egypt, and Israel, with varying degrees of success. Because of its weakened financial position and misguided decisions, Kunz says, the government of British Prime Minister Anthony Eden proved most vulnerable to these tactics. Indeed, American economic pressure caused the British government to withdraw its troops ignominiously from Egypt. France, on the other hand, had borrowed sufficiently prior to the crisis to be able to withstand American pressure. For Israel, Kunz says, the threat of sanctions symbolized the Eisenhower administration's wrath. Israel could forego American funds, but, dependent on the goodwill of a great power for survival, it could not take a stand that would completely alienate the United States. Only Egypt proved immune to financial warfare. Kunz also illuminates the general diplomacy of the Suez crisis. The American government was determined neither to alienate moderate Arab opinion nor to become too closely intertwined with Israel. As such, this account has significant lessons for American policy. Originally published in 1991. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.

Delving into archival material from six countries, Laron offers a much deeper, nuanced perspective of the Suez Crisis. Origins of the Suez Crisis describes the long run-up to the 1956 Suez Crisis and the crisis itself by focusing on politics, economics, and foreign policy decisions in Egypt, Britain, the United States, and the Soviet Union. Based on Arabic source material, as well as multilingual documents from Israeli, Soviet, Czech, American, Indian, and British archives, this is the first historical narrative to discuss the interaction among all of the players involved—rather than simply British and U.S. perspectives. Guy Laron highlights the agency of smaller players and shows how they used Cold War rivalries to advance their own economic circumstances and, ultimately, their status in the global order. He argues that, for developing countries and the superpowers alike, more was at stake than U.S.-USSR one-upmanship; the question of Third World industrialization was seen as crucial to their economies.

The 1983 collapse of world oil prices revived memories of a time only a decade earlier when the price of a barrel of oil did not exceed three dollars. By the late 1970s, spot market prices had reached peaks of forty dollars a barrel. A major role in creating these new realities was played by the 1973/1974 Arab oil embargo, which formed the psychological, political, and market conditions for the dramatic price surge. This important study probes the embargo in detail, thoroughly examining its history, the motivations that caused it, and its ripple effect on world politics and the international economic order. The authors carefully examine the interruption of oil supplies to Western Europe during the 1956 Suez Canal crisis, the growing momentum of Arab oil leverage beginning with the First Arab Petroleum Congress in 1959, the decline of the oil companies' domination of the petroleum industry, and the Arab political environment between the 1967 Arab defeat and the 1973 Arab oil embargo. The book concludes with a chapter addressing the lessons to be learned from these recent embargoes.

Experiencing a major crisis from different viewpoints, step by step. The Suez crisis of 1956—now little more than dim history for many people—offers a master class in statecraft. It was a potentially explosive Middle East confrontation capped by a surprise move that reshaped the region for years to come. It was a diplomatic crisis that riveted the world's attention. And it was a short but startling war that ended in unexpected ways for every country involved. Six countries, including two superpowers, had major roles, but each saw the situation differently. From one stage to the next, it could be hard to tell which state was really driving the action. As in any good ensemble, all the actors had pivotal parts to play. Like an illustration that uses an exploded view of an object to show how it works, this book uses an unprecedented design to deconstruct the Suez crisis. The story is broken down into three distinct phases. In each phase, the reader sees the issues as they were perceived by each country involved, taking into account different types of information and diverse characteristics of each leader and that leader's unique perspectives. Then, after each phase has been laid out, editorial observations invite the reader to consider the interplay. Developed by an unusual group of veteran policy practitioners and historians working as a team, Suez Deconstructed is not just a fresh way to understand the history of a major world crisis. Whether one's primary interest is statecraft or history, this study provides a fascinating step-by-step experience, repeatedly shifting from one viewpoint to another. At each stage, readers can gain rare experience in the way these very human leaders sized up their situations, defined and redefined their problems, improvised diplomatic or military solutions, sought ways to influence each other, and tried to change the course of history.

In this masterful history of Cold War economics, Diane Kunz shows how America created its own prosperity through always shrewd and sometimes manipulative foreign policy.

A political interpretation of the Suez crisis, July 1956-March 1957.

"Egypt figured prominently in U.S. policy in the Middle East after World War II because of its strategic, political, and economic importance. Hahn explores the triangular relationship between the U.S., Great Britain, and Egypt in order to analyze American policy both in the region and within the context of a broader Cold War strategy."--"Book News, Inc."