The Economy of Iraq: Oil, Wars, Destruction of Development and Prospects, 1950-2010

by Abbas Alnasrawi

Overview

The economy of Iraq has fluctuated wildly since the 1950s. It has been affected by changes in government, by wars, and by general instability. This book analyzes a complex subject and is especially timely at this critical juncture in the history of Iraq, the Middle East, and international relations. Abbas Alnasrawi traces the growth of the economy of Iraq since 1950, assesses its present state of crisis and underdevelopment, and explores its prospects for recovery. Alnasrawi contends that the economic development of Iraq was shaped by the rise of oil revenue, the Iran-Iraq war, and the invasion of Kuwait and its aftermath. The volume takes a clearsighted and critical look at the evolution of these forces and their impact on the evolution of the economy, along with its present status and prospects.

Product Details

ISBN-13:	9780313031137
Publisher:	ABC-CLIO, Incorporated
Publication date:	03/23/1994
Series:	Contributions in Economics and Economic History Series
Sold by:	Barnes & Noble
Format:	eBook
Lexile:	1640L (what's this?)
File size:	247 KB

About the Author

ABBAS ALNASRAWI is Professor of Economics at the University of Vermont, where he has been a member of the faculty since 1963. Dr. Alnasrawi has written four books, Arab Nationalism, Oil and the Political Economy of Dependency (Greenwood Press, 1991), OPEC in the Chaning World Economy, Arab Oil and U.S. Energy Requirements, and Financing Economic Development in Iraq (Praeger, 1967).

Table of Contents

List of Tables
Evolution of Iraq's Oil Industry
Oil and Development under the Monarchy 1950-1958
Oil and Development Planning, 1958-1968
The Baath Party and Its National Development Plans
The Iran-Iraq War and the Demise of Development
The Invasion of Kuwait and The Destruction of Development
Iraq's Economic Development, 1950-1990: An Assessment
What Economic Future for Iraq?
Bibliography
Index