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Economic policy and prospects in Iraq


  • William Block
  • Keith Crane
  • Christopher L. Foote
  • Simon Gray


This paper describes the Coalition Provisional Authority?s attempts to stabilize and reform Iraq?s economy along market lines. It argues that while security concerns remain serious, Iraq?s economy has not been crippled by violence. However, sustained economic growth will depend on whether Iraq?s future leaders pursue the pro-market approaches the Coalition has advocated. If the Iraqi economy is to reach its potential, it will need to go even farther than the Coalition did, implementing reforms the Coalition did not pursue because of security concerns.

Suggested Citation

  • William Block & Keith Crane & Christopher L. Foote & Simon Gray, 2004. "Economic policy and prospects in Iraq," Public Policy Discussion Paper 04-1, Federal Reserve Bank of Boston.
  • Handle: RePEc:fip:fedbpp:04-1

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    Cited by:

    1. Ricardo Reis, 2013. "Central Bank Design," Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 17-44, Fall.
    2. Christopher Coyne, 2005. "The Institutional Prerequisites for Post-Conflict Reconstruction," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(3), pages 325-342, December.
    3. Rose Adam Z. & Blomberg S. Brock, 2010. "Total Economic Consequences of Terrorist Attacks: Insights from 9/11," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(1), pages 1-14, June.
    4. Amjad (edited by), Rashid & Havers (edited by), Julian, 2005. "Jobs for Iraq: an employment and decent work strategy," MPRA Paper 38353, University Library of Munich, Germany.
    5. Ghassan Dibeh, 2008. "Resources and the Political Economy of State Fragility in Conflict States: Iraq and Somalia," WIDER Working Paper Series RP2008-35, World Institute for Development Economic Research (UNU-WIDER).
    6. Jeffrey Clemens, 2013. "An Analysis of Economic Warfare," American Economic Review, American Economic Association, vol. 103(3), pages 523-527, May.
    7. Amara, Jomana, 2012. "Implications of military stabilization efforts on economic development and security: The case of Iraq," Journal of Development Economics, Elsevier, vol. 99(2), pages 244-254.
    8. Monten, Jonathan, 2013. "Intervention, Aid, and Institution-Building in Iraq and Afghanistan: A Review and Critique of Comparative Lessons," WIDER Working Paper Series 108, World Institute for Development Economic Research (UNU-WIDER).
    9. Hassan, Enas A. & Rankin, Michaela & Lu, Wei, 2014. "The Development of Accounting Regulation in Iraq and the IFRS Adoption Decision: An Institutional Perspective," The International Journal of Accounting, Elsevier, vol. 49(3), pages 371-390.
    10. Clemens, Jeffrey, 2013. "Evaluating Economic Warfare: Lessons from Efforts to Suppress the Afghan Opium Trade," MPRA Paper 57890, University Library of Munich, Germany.
    11. Peter Berck & Jonathan Lipow, 2012. "Trade, tariffs and terrorism," Applied Economics Letters, Taylor & Francis Journals, vol. 19(18), pages 1847-1849, December.

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    Economic conditions - Iraq; Economic policy - Iraq;

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