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Alnasrawi (economics, U. of Vermont) sketches the recent economic developments in Iraq, identifying the overriding importance of the oil sector and the economic sanctions imposed after the Gulf War as the twin burdens that together increase the suffering of the Iraqi people. He argues that the oil sector has been a driving force in the history and economy of the country and examines its development since the 1950s. He then explores the impact of the...
Author
Description
The creation of oil "rents" in the 1970s put Algeria, Iraq, and Libya on the fast track to modernization. Massive revenues turned Algeria into the "Mediterranean dragon," Libya into an "emirate," and Iraq into the preeminent "rising military power" of the Arab world. From a political perspective, the progressive socialism of these countries would seem to have engendered profound, promising change: increased rights for women, positive urbanization,...
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