Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Saving Iraq From Its Oil

Author: Arvind Subramanian
July/August 2004
Foreign Affairs

Share

Of all the pressing questions facing Iraq today, perhaps the most important in the long run is what to do with the country's oil. Vast wealth from natural resources can often be a curse, not a blessing, corrupting a nation's political and economic institutions and impeding the growth of democracy. There is only one way for Iraq to resist the oil curse: by handing over the proceeds directly to the Iraqi people.

Read full article at ForeignAffairs.com.

More on This Topic

Analysis Brief

Tapping Iraq’s Oil

Author: Lee Hudson Teslik

Iraq says it wants to sell oil contracts to foreign energy firms. The potential impact on energy markets could be large, but practical and...