The economy of Iraq : oil, wars, destruction of development and prospects, 1950-2010 / Abbas Alnasrawi.

Includes bibliographical references (p. [171]-181) and index.

1. The Evolution of Iraq's Oil Industry. Oil Concessions in Iraq and the Agreement of 1952. The Growth of Output and Revenue. Oil Output. The Pricing of Iraq Crude Oil to 1950. Price Developments, 1950-1960. Nationalization and Oil Price Developments in the OPEC Era. The 1973 Oil Price Revolution. The Emergence of Iraq's National Oil Industry -- 2. Oil and Development under the Monarchy, 1950-1958. The Development Board and Its Programs, 1950-1958. Planned versus Actual Development Spending, 1951/52-1957/58. Highlights of Allocations for Development, 1950-1958. The Development Board and the Agricultural Sector. The Development Board and the Industrial Sector -- 3. Oil and Development Planning, 1958-1968. Development Planning in the Qasim Era, 1958-1963. Development Planning under the Aref Brothers. The Economy's Past Performance as a Guide for the Plan. Sectoral Expenditure under the FYP. Actual Performance of the FYP -- 4. The Baath Party and Its National Development Plans.

Evolution of Arab Nationalism. The Political Economy of Arab Nationalism. The National Development Plan, 1970/71-1974/75. The Strategy of the Plan. Quantitative Goals of the Plan. Assessment of the National Development Plan. The 1975 Investment Program. Development Planning after 1975 -- 5. The Iran-Iraq War and the Demise of Development. The War and the Iraqi Economy. The War, Iraq's Oil and Saudi Arabia's Oil Policy. The War and the Deterioration of the Iraqi Economy. The War and the End of Development. War Labor Mobilization and the Economy. Military Expenditures and Iraq's GNP and Oil Revenue. The War and Military and Nonmilitary Imports. Privatization under War Conditions. An Estimate of the Cost of the Destruction -- 6. The Invasion of Kuwait and the Destruction of Development. Abundance of Problems versus Scarcity of Resources. Government Borrowing, Money Supply, and Inflation. The Emerging Problem of External Debt. Military Industries and the Use of Scarce Resources.

OPEC Failure and the Iraq-Kuwait Oil Confrontation. The Invasion and the Economic Sanctions. An Estimate of Iraq's Human Losses. An Estimate of Iraq's Economic Losses. Impact on Personal Income, Consumption, and Cost of Living -- 7. Iraq's Economic Development, 1950-1990: An Assessment. Evolution of the New State. Regional and International Context. Ideological Dimensions. An Assessment of Iraq's Development, 1950-1990. Development Problems, 1958-1980. Development Problems, 1980-1993 -- 8. What Economic Future for Iraq? Sanctions, Reparations, Debt, and Reconstruction. The $586-Billion Question. An Estimate of Oil Revenue to 2010. The Burden of Foreign Debt. The Burden of War Reparations. United Nations Sanctions. Other Claims on Scarce Resources. The Continued Crisis of the Economy. The Problem of Hyperinflation and the Exchange Rate. What Economic Future for Iraq?