ABSTRACT

This chapter, which is a continuation of chapter two, provides a study of the impact of the war on some aspects of the Iraqi economy. As with the discussion of Iran, in this chapter we shall also emphasize oil production/exports; foreign exchange earnings; non-defence foreign trade and the performance of the agricultural sector since the war. As in chapter two, for the purpose of comparison, the corresponding data on the pre-war period of 1973–9 is also given. The changes during these two periods will then be noted, and this in turn will enable us to assess some of the economic consequences of the war on Iraq.