The Political Economy of Iraq

The Political Economy of Iraq

Restoring Balance in a Post-Conflict Society

Frank R. Gunter

This groundbreaking volume offers a comprehensive look at the current state of Iraq’s political economy in the aftermath of the US-led overthrow of Saddam Hussein in 2003. Frank R. Gunter describes the unique difficulties facing the modern Iraqi economy and provides detailed recommendations for fostering future economic growth and stability.

Chapter 5: Political stability and economic development

Frank R. Gunter

Subjects: economics and finance, development economics, political economy, politics and public policy, political economy


Will political instability condemn Iraq to economic collapse, foreign dominance, or even a rupture into three or more states? Or having looked into the abyss of civil war in 2006–2007, will Iraqis find a way to create a peaceful multi-region, multi-religion, multi-ethnic state while peaceably resolving its regional disputes? These political and social challenges have been the subject of several excellent books (see Barkey et al. 2011; Haddad 2011; Visser and Stansfield 2008) as well as a wide range of studies by various governmental, non-governmental, and international organizations (for example, see Cordesman and Khazai 2012). In view of the complexities involved, it is impossible to do complete justice to them in a small space. Therefore this chapter will be limited to a few key issues related to the relationship between internal politics, external relations, and the Iraqi economy.

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