An alternative view on Iraq's economy

A quick alternative – or perhaps complementary – view to David’s recent posting is to look to some people who’ve actually been studying Iraq’s economy in a more systematic manner. Chris Foote, an economist at the FRB, who has been working in Iraq for most of the past year, has recently written a fairly systematic study of the first stage of the economic reforms. And yes, you can certainly make the “but he would say that, wouldn’t he?” critique – though I don’t think anyone really thought that the globaphobic Ms Klein was going to return proclaiming Iraq’s reforms a success.

Another option is to look at the work by Mike O’Hanlon and others (see here and here), which again shows a much more nuanced message. Security is still bloody awful, but unemployment, electricity, phones, schools, finance sector, judiciary all seem to show improvement. I haven’t heard anyone argue that O’Hanlon’s statistics are biased.

I would, however, love to read the Tim Winton story. Let us know if it comes up on the Harper’s website (couldn’t see it there at present).

This entry was posted in Global issues. Bookmark the permalink.