Oil in Iraq: How to overcome the Resource Curse?

Zusatztext

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.

Autorenportrait

Anna Richter was born in Heidelberg, Germany in 1991.She grew up in Dresden and La Palma (Canary Islands). After graduating from high-school in Spain, Miss Richter studied Arabic studies at the University of Manchester. She studied and researched for one year at the University of Jordan in Amman and travelled extensively. Besides interning at various government institutions she is currently pursuing her Master's degree in Middle Eastern Economics at the Friedrich Alexander University Nuremberg-Erlangen.

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