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Saving Iraq from Its Oil. Nancy Birdsall and Arvind Subramanian.

by Birdsall, Nancy; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 79Environment. Publisher: Foreign Affairs, 2004ISSN: 1522-3205;.Subject(s): Developing countries -- Economic conditions | Economic development | Free enterprise | Income distribution | Iraq -- Economic conditions | Iraq -- Politics and government | Iraq War (2003) -- Reconstruction | Natural resources | Petroleum industry and trade -- IraqDDC classification: 050 Summary: "As the United States, the United Nations, and the Iraqi Governing Council struggle to determine what form Iraq's next government should take, there is one question that, more than any other, may prove critical to the country's future: how to handle its vast oil wealth. Oil riches are far from the blessing they are often assumed to be. In fact, countries often end up poor precisely because they are oil rich." (FOREIGN AFFAIRS) The author contends that "oil and mineral wealth can be bad for growth and bad for democracy, since they tend to impede the development of institutions and values critical to open, market-based economies and political freedom: civil liberties, the rule of law, protection of property rights, and political participation."
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REF SIRS 2005 Environment Article 77 The End of Cheap Oil. / REF SIRS 2005 Environment Article 77 The End of Cheap Oil. / REF SIRS 2005 Environment Article 78 Our Lady of the Grid. REF SIRS 2005 Environment Article 79 Saving Iraq from Its Oil. REF SIRS 2005 Environment Article 8 The Numbers Game. REF SIRS 2005 Environment Article 80 In Obninsk There Was a Mausoleum. REF SIRS 2005 Environment Article 9 Immigrants and America.

Articles Contained in SIRS Enduring Issues 2005.

Originally Published: Saving Iraq from Its Oil, July/Aug. 2004; pp. 77-89.

"As the United States, the United Nations, and the Iraqi Governing Council struggle to determine what form Iraq's next government should take, there is one question that, more than any other, may prove critical to the country's future: how to handle its vast oil wealth. Oil riches are far from the blessing they are often assumed to be. In fact, countries often end up poor precisely because they are oil rich." (FOREIGN AFFAIRS) The author contends that "oil and mineral wealth can be bad for growth and bad for democracy, since they tend to impede the development of institutions and values critical to open, market-based economies and political freedom: civil liberties, the rule of law, protection of property rights, and political participation."

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