All telephone lines were cut at Abdul Rahman Arifthe then- President of Iraqfirst knew of the coup when jubilant members of the Republican Guard started shooting into the air in "a premature triumph".
Professor of sociology, St. Al-Rafid Publishing Company, Development or Decline is composed of two sections. The first identifies factors that led to the economic development of the North Atlantic Basin essentially Western Europe and North America and distinguishes between economic growth and economic development.
Zainy asserts that while economic growth simply reflects gross domestic product and per capita income, economic development is a far more complex notion, taking into account human-resource development, structural changes in the economy, alterations to production methods, and a variety of other social and political factors.
Comparing these indicators with those of OPEC member nations and several developed countries, Zainy concludes that Iraq was clearly not on the road to positive economic development. These limitations were a direct result of factors that plagued that period, including political instability, lack of sound planning, paucity of managerial talent, inadequacy of infrastructure, deficiency of skilled labor, institutional, social and cultural constraints, and a small domestic market resulting in low demand.
But despite the many impediments and adverse factors, Dr. It was in mid when Saddam Hussein assumed the presidency of Iraq to find a vigorously growing economy and a treasury replete with foreign exchange.
As a result of mushrooming military expenditures during the seventies, culminating in the Iran-Iraq War, Iraq found itself in an even more dire economic mess in the late eighties. That action, of course, resulted in the Gulf War and even further economic distress for Iraq.
In a nutshell, as Dr.
These processes will all depend on foreign exchange. The revenues from this oil, though, will have to pay for such obligations as general imports, reconstruction, foreign debts and war reparations.
With such a deficit, the Iraqi central bank will not be able to defend a reasonable exchange rate, and the Iraqi dinar will collapse again.
Zainy strongly recommends that the war reparations be cancelled. After all, he states, the invasion of Kuwait was a crime perpetrated by Saddam himself. More important, it may serve as a blueprint for how the nation can be rebuilt now that the dictator has finally been removed.The Economic Situation of Iraq during and after Saddam Hussein's Rule PAGES 4.
WORDS View Full Essay. More essays like this: Not sure what I'd do without @Kibin - Alfredo Alvarez, student @ Miami University. Exactly what I needed. - Jenna Kraig, student @ . Ten years after the capture of Saddam Hussein, Iraq is at risk of becoming a failed state again as al-Qaeda reclaims vast swathes of the country.
The U.S. then sought to enforce economic sanctions on Iraq, thereby sentencing Iraqis to a slow death. In the meantime, Saddam went on building lavish palaces for himself. At the time, we were a. The Economic Situation of Iraq during and after Saddam Hussein's Rule PAGES 4.
WORDS View Full Essay. More essays like this: Not sure what I'd do without @Kibin - Alfredo Alvarez, student @ Miami University. Exactly what I needed.
- Jenna Kraig, student @ . Ba'athist Iraq, formally the Iraqi Republic, covers the history of Iraq between and , during the period of the Arab Socialist Ba'ath Party's rule. This period began with high economic growth and soaring prosperity, but ended with Iraq facing social, political, and economic leslutinsduphoenix.comges: Arabic.
Saddam reached out to other Arab governments for cash and political support during the war, particularly after Iraq's oil industry severely suffered at the hands of the Iranian navy in the Persian Gulf. Iraq successfully gained some military and financial aid, as well as diplomatic and moral support, from the Soviet Union, China, France, and Political party: Arab Socialist Ba'ath Party (–), Baghdad-based Ba'ath Party, (–).