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 6: Oil and gas

Frank R. Gunter

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


Iraq possesses large reserves of low-cost crude oil that are so great so as to not only dramatically impact the nation’s economy but also to substantially shift the worldwide balance of demand and supply of oil. It is a tremendous opportunity but if the ongoing oil boom is to provide more than a temporary boost to Iraq’s economy then serious engineering, management, economic, political, and social problems must be solved. Out of these, the engineering problems might be the easiest to remedy.

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