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The Economy of Iraq Oil, Wars, Destruction of Development and Prospects, 1950-2010
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By Abbas Alnasrawi
ISBN: 0-313-29186-1
ISBN-13: 978-0-313-29186-9
208 pages
Greenwood Press
Publication: 3/30/1994
List Price: $112.95 (UK Sterling Price: £65.00)
Availability:
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: 154
Reviews:
  • The book provides good background on the early history of oil development with discussion of concession agreements, pricing arrangements, and the resulting growth of output leading ultimately to nationalism of the industry, establishment of the Organization of Petroleum Exporting Countries (OPEC), and the pricing revolution of 1973.
    —Choice
  • ...a comprehensive study of the political economy of modern Iraq. This book is valuable for both the specialist and nonspecialist alike. Researchers, diplomats, and journalists seeking to understand the complex issues and problems related to Iraq ought to read The Economy of Iraq.
    —
    Digest of Middle East Studies
  • ...a well-documented survey of the economic history of Iraq since 1950. A book rich in details.
    —Journal of Energy and Development
  • Alnasrawi's important study will no doubt become a classic in the all too rapidly growing literature on policy failure in the developing world. His study presents a sophisticated and fascinating account of the damage a reckless regime can inflict. It should be on the shelf of anyone wishing to look beyond the headlines and understand what really went wrong in Iraq.
    —Middle East Studies Association Bulletin
Description: The economy of Iraq has fluctuated wildly since the 1950s. It has been affected by changes in governments, 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 Iraqi economy 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 in oil revenue, the war between Iran and Iraq, and the invasion of Kuwait and its aftermath. The discussion begins with the burst of Iraq's oil industry and the development policies under the monarchy. Subsequent chapters highlight development planning during the first ten years of the republic, the development plans of the ruling Baath party, the distructive consequences of the Iran-Iraq war and the recent invasion of Kuwait, and the future of the Iraqi economy to the year 2010. This in-depth examination puts this subject into a manageable context for students of the Middle East, multinational oil, Third World development, and international relations.
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
LC Card Number: 93-37510
LCC Class: HD9576
Dewey Class: 330.9567
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