Author: Abbas Abdul-Kerim Alnasrawi
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Abbas Alnasrawi
Publisher: New York : Praeger
ISBN:
Category : Iraq
Languages : en
Pages : 216

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Study of the role of the petroleum industry in the economic development of Iraq - covers fiscal policy, and financial aspects, etc. Bibliography pp. 175 to 188.

Author: Abbas Alnasrawi
Publisher: Bloomsbury Publishing USA
ISBN: 0313031134
Category : Political Science
Languages : en
Pages : 206

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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.

Author: Tariq Ahmed Al-Ali
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1513508938
Category : Business & Economics
Languages : en
Pages : 48

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This Selected Issues paper discusses the choice and design of rules for Iraq, guided by fiscal policy priorities and the country’s institutional capacity. A ceiling on current spending is proposed as a fiscal rule that would be simple and easy to monitor and support efforts to create space for scaling up capital expenditure, build fiscal buffers to reduce fiscal policy procyclicality, and help secure debt sustainability. A strong policy framework can help Iraq manage the challenges arising from its heavy dependence on volatile oil revenues. The procyclicality of fiscal policy has led to short-term economic volatility and hindered long term development. Important fiscal institutions such as fiscal rules, stabilization funds, and fiscal responsibility laws that exist in many resource-rich countries are lacking in Iraq. Moving to a risk- and rules-based approach can be part of the new policy framework and would be timely. The two main building blocks of this approach involve anchoring fiscal policy on maintaining adequate fiscal buffers, and introducing operational fiscal rules designed to achieve this target for buffers and protect capital expenditure.

Author: Kadhim A. Al-Eyd
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 214

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Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages :

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This report - the first phase of a programmatic Iraq country economic memorandum (CEM) is structured around the themes of revenue management and economic diversification. These themes accord with the economic challenges faced by Iraq in the medium term but contrast with the short-termism of current Iraqi decision making, which is pushing for a rapid ramp-up of oil production - reducing diversification to finance a large up-front spending program which is detached from a vision of how to diversify the economy. Iraq's oil revenue boom will not be able to meet the expectations placed upon it without a range of supporting policies. Iraq should aim towards adapting its economy to strong weight of oil, as opposed to complete insulation of the non-oil economy from it or dependence on it. To address the myriad links between Iraq's economic challenges, the report takes a sequential approach to the analysis. Chapter one presents an overview of the fiscal aspects of prospective developments in the energy sector, and an outline of major obstacles to growth in the non-oil economy. Chapter two, a relatively high-level and abstract economic model is developed to study the impact of various options for spending the oil revenue windfall on the non-oil economy. Chapter three, the opportunities for the development of the non-oil economy are set out in more detail along with recommended next steps in the World Bank support to the government of Iraq.

Author: United States. Department of State. External Research Division
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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Author: United States Department of State. External Research Division
Publisher:
ISBN:
Category : Middle East
Languages : en
Pages : 36

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Beginning in 1954, Apr. issue lists studies in progress; Oct. issue, completed studies.

Author:
Publisher:
ISBN:
Category : Middle East
Languages : en
Pages : 206

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