title: The Economy of Iraq: Oil, Wars, Destruction of Development and Prospects, 1950-2010 (Contributions in Economics & Economic History)
author:  Abbas Alnasrawi 
description: "Alnasrawi's important study will no doubt become a classic in the all too rapidly growing literature on policy failure in the developing world. His study presents a sophisticated and fascinating account of the damage a reckless regime can inflict. It should be on the shelf of anyone wishing to look beyond the headlines and understand what really went wrong in Iraq."-Middle East Studies Association Bulletin<br /><br />..."a well-documented survey of the economic history of Iraq since 1950. A book rich in details."-Journal of Energy and Development<br /><br />..."a comprehensive study of the political economy of modern Iraq. This book is valuable for both the specialist and nonspecialist alike. Researchers, diplomats, and journalists seeking to understand the complex issues and problems related to Iraq ought to read The Economy of Iraq."-Digest of Middle East Studies<br /><br />"The book provides good background on the early history of oil development with discussion of concession agreements, pricing arrangements, and the resulting growth of output leading ultimately to nationalism of the industry, establishment of the Organization of Petroleum Exporting Countries (OPEC), and the pricing revolution of 1973."-Choice<br /><br />?...a well-documented survey of the economic history of Iraq since 1950. A book rich in details.?-Journal of Energy and Development<br /><br />?...a comprehensive study of the political economy of modern Iraq. This book is valuable for both the specialist and nonspecialist alike. Researchers, diplomats, and journalists seeking to understand the complex issues and problems related to Iraq ought to read The Economy of Iraq.?-Digest of Middle East Studies<br /><br />?The book provides good background on the early history of oil development with discussion of concession agreements, pricing arrangements, and the resulting growth of output leading ultimately to nationalism of the industry, establishment of the Organization of Petroleum Exporting Countries (OPEC), and the pricing revolution of 1973.?-Choice<br /><br />?Alnasrawi's important study will no doubt become a classic in the all too rapidly growing literature on policy failure in the developing world. His study presents a sophisticated and fascinating account of the damage a reckless regime can inflict. It should be on the shelf of anyone wishing to look beyond the headlines and understand what really went wrong in Iraq.?-Middle East Studies Association Bulletin<br /><br />.,."a well-documented survey of the economic history of Iraq since 1950. A book rich in details."-Journal of Energy and Development<br /><br />.,."a comprehensive study of the political economy of modern Iraq. This book is valuable for both the specialist and nonspecialist alike. Researchers, diplomats, and journalists seeking to understand the complex issues and problems related to Iraq ought to read The Economy of Iraq."-Digest of Middle East Studies
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  **The Economic Consequences of the  
  Gulf War**
  
  The Gulf War ranks in terms of scale of destruction and its consequent
  economic impact as one of the most devestating conflicts of modern times. Both
  Iran and Iraq are now confronted with the need to reconstruct shattered
  economies. What is clear, however, is that a return to the pre-war economic
  situation is not a realistic option. The cost of the conflict to Iraq means
  that it can never regain the lead it formerly held in economic performance and
  development levels. Similarly, the Islamic Republic cannot return to economic
  principles of the Shah's regime. What, then, does reconstruction mean?
  
  In _The Economic Consequences of the Gulf War_ , Kamran Mofid details the
  formerly neglected costs of the conflict to both Iraq and Iran and to the
  region as a whole. The catastrophic effect of the conflict on the economies of
  Iran and Iraq is examined, looking in particular at its impact on oil
  production and exports, 