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The Economic Consequences Of The Peace In Iraq

Author

Listed:
  • Edward Nell

    (New School University)

  • Willi Semmler

    (New School University)

Abstract

The United States Administration claims that it invaded Iraq because only a‘ regimechange’wouldsuffice to protect americans from the threat of weaponsof mass destruction. Moreover, they have added, such a change will remove a neminent threatof American security and bring democracy to Iraq and the example this sets will contribute tothe development of democracy throughout the region. Democracies, inturn, tendto be peaceful, so the end result of the inva-sion will be greater regional security and less threat to US citizens.The article argues that the main cause of the War against Iraq was the petroleum.The United States needs to assure for itself an uninterrupted supply of oil, since they are one of the great importers and the Middle East isthe main source of the product. The argument shows that the economic andsocialcosts aregreaterthan the benefits and defends that special emphasis should be given to the conservation of energy and mainly to the development of renewable sources of energy.

Suggested Citation

  • Edward Nell & Willi Semmler, 2004. "The Economic Consequences Of The Peace In Iraq," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 2(2), pages 189-210, january-d.
    • Handle: RePEc:aft:journl:v:2:2:2004:jan:dec:p:189-210
    DOI: -
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