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Iraq's Burdens Oil, Sanctions, and Underdevelopment
Abbas Alnasrawi
Book Code: GM2459
ISBN: 0-313-32459-X
ISBN-13: 978-0-313-32459-8
192 pages, tables
Greenwood Press
Publication: 11/30/2002
List Price: $102.95 (UK Sterling Price: £59.95)
Availability: In Stock
Media Type: Hardcover
Also Available: Ebook
Trim Size: 6 1/8 x 9 1/4
Subjects:
Series Title: Contributions in Economics and Economic History
Series Number: 229
Awards:
  • Choice Outstanding Academic Title, 2003
Reviews:
  • This is a welcome book by a well-established scholar who has spent decades studying oil markets and OPEC in general, and Iraq in particular....Important reading for understanding wars, sanctions, and particularly the ruinous international neglect of a nation in despair. Highly recommended. General readers and lower-division undergraduates through professionals.
    —Choice     July/August 2003
  • [a] valuable contribution to literature on economic development, the political economy of the Middle East, and the literature on the history of geopolitics of oil. It provides a useful background to Iraq prior to the second Persian Gulg War. It deserves to be widely readby scholars and by citizens concerned about war, occupation, and the new imperialism.
    —Journal and Review     2003
  • This book is a useful addition to the literature...Alnasrawi's book is a thorough study with reference to the literature and the available data.
    —www.swans.com     2003
Description: Oil revenue has been an economic curse for Iraq. In the second half of the 20th century the international oil sector shaped Iraq's economy, forcing it to rely too heavily on revenue brought in by oil production and exports. Iraq's failure to use copious oil rents to diversify the economy has proven disastrous for its people and economy. Its over-reliance on oil revenues coupled with the consequences of its war with Iran, the Gulf War, and the ensuing economic sanctions have led the country to economic destruction, sanctions, and enormous debt. Iraq is a major oil producing country, a founding member of OPEC, and possesses the world's second highest amount of oil reserves. Yet few studies exist on Iraq's oil industry and its impact on the economic and political fortunes of the country. Alnasrawi remedies this by helping us understand this important Arab, Middle Eastern, oil-exporting country that has been a constant focus of U.S. foreign policy since 1990. Alnasrawi concludes that the availability of capital is an insufficient condition for economic development, and may in fact retard it, as it did in this now reviled and wrecked country.
Table of Contents:
  • The International Context of the Iraqi Oil Industry
  • The Rise and Decline of a National Oil Industry
  • Oil and Development in Iraq
  • Invasion, Sanctions, and Bombing
  • Sanctions After the Gulf War
  • Impact of the Sanctions on Iraq
  • Oil Under Sanctions
  • Burdens in the Future
  • Conclusions and Prospects
  • Selected Bibliography
  • Index
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