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Oil in Iraq: How to overcome the Resource Curse?

©2014 Textbook 26 Pages

Summary

This paper will have a closer look at the overwhelming importance of non-renewable resources for the Iraqi economy and how the profits made by oil exports should be invested to ensure the best possible outcome, in order to finally overcome ‘the resource curse’. Channeling oil and gas revenues to lead the charge in generating non-oil based growth is of paramount importance to make the Iraqi economy sustainable in a long run and finally overcoming the resource curse. This implies investments that support economic diversification as a key driver of economic activity through the creation of an enabling environment and investments that remove the binding constraints to growth. While international oil prices remain high, action must be taken.

Details

Pages
26
Type of Edition
Erstausgabe
Year
2014
ISBN (eBook)
9783954898183
ISBN (Softcover)
9783954893188
File size
938 KB
Language
English
Publication date
2014 (October)
Keywords
iraq resource curse
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Title: Oil in Iraq: How to overcome the Resource Curse?