Iraqi economy will become rich

[Shaze]

With the fall of Saddam and after things become more stable will all that oil in Iraq make it a rich economy? What are your thoughts? Huge companies like Haliburton are already setting up shop waiting to profit. Also, I watched a PBS special the other day which showed so many tech companies setting up shop in the country also. Looks like money will be pooring into the economy.

Also, is there a trend that can be seen in the economy of countries right after they had a war? Recession or strong economy?

Shaze

[BRISK]

Originally posted by Shaze
With the fall of Saddam and after things become more stable will all that oil in Iraq make it a rich economy?

No

[monro]

After WW2 the food intake was 1200 calories/day in Europe, and 3300 in the USA.
After the Marshall help from us the economy in the western Europe raised very fast and the available food was soon equal to USA.
But! In the dictatorships ( socialist countries ) there was no rise in welfare until Soviet Union collapsed.

Lesson:

All the "developing" countries in the Middle East and Africa will never reach a decent living standard until they become free countries with free elections.

[strobi]

anybody doing some real estate investments there? Must be cheap overthre nowadays.

[Adultnet]

They could really make it a great country if they were less fanatics..

[tony286]

why there are all the problems . Big corporations are just grabbing US government dollars there, they have 67% unemployment in iraq. So when companies are importing all their workers and iraqi's are suffering. Its easy to become a terrorist when you have nothing to lose. Thats why I laugh when the government says we did this to help the iraqi people. Its such bullshit , there are no truck drivers in Iraq ,so you have to bring them from iowa.Iraq has very educated people but they get no work and people from America do. If they gave the iraqi's the jobs instead of making it a American cash grab. It would win their hearts and minds more then empty words.
Great article about it in Harpers this month.

[Libertine]

Originally posted by monro
After WW2 the food intake was 1200 calories/day in Europe, and 3300 in the USA.
After the Marshall help from us the economy in the western Europe raised very fast and the available food was soon equal to USA.
But! In the dictatorships ( socialist countries ) there was no rise in welfare until Soviet Union collapsed.

Lesson:

All the "developing" countries in the Middle East and Africa will never reach a decent living standard until they become free countries with free elections.

Wow, that makes no sense whatsoever

[Fake Nick]

Iraq is already very rich

as far as I know Saddam had a whole lot of money , where did all that money go ? I cannot believe the us would allow him to keep it

so where is it ?

[wdsguy]

I think it depends on what country it is and what interests the US and other big powers have in that country.

Alot of african countries have been undergoing decades of civil war and they don't get much funds from the US. If you look at Europe's reconstruction after WWII and IRAQ's reconstruction process now, those have become hotbeds of development only because those regions either have a resource thats important(oil) or they somehow provide a strategic advantage.

The same thing would not happen in Congo for example cuz the US doesn't give a shit about that country to send funds for reconstruction/development-> thus no private contracts

[Rochard]

At the close of WWII the United States more or less occupied both Germany and Japan. Both countries were better off five years later.

The problems in Iraq will not be solved in the next year. It will take at least five years to get them on their feet. Your not talking about a country that was doing well when the war started. It's gonna take a lot of time, effort, and money. In the end there is no doubt in my mind that Iraq will be better off.

We should do the same to countries in Arifca also - Countries that have been ravaged by war and diease for decades.

[FlyingIguana]

Originally posted by strobi
anybody doing some real estate investments there? Must be cheap overthre nowadays.

ya must be cheap cuss your house could blow up or have more holes in it than one of those piercing freaks

[BRISK]

Originally posted by Fake Nick
Iraq is already very rich

as far as I know Saddam had a whole lot of money , where did all that money go ? I cannot believe the us would allow him to keep it

so where is it ?

WTF is you people's definition of "rich"?

In my opinion, a country is "rich" when it has a high per-capita GDP, and relatively low per-capita external debt. Iraq is a loooooong way for having any of this, and the oil reserves and whatever money Saddam had stashed away isn't going to be enough to simply make it a "rich" country now that Saddam isn't running the country anymore.

[BRISK]

By the way, if you people haven't noticed, the title of this thread is "Iraqi economy will become rich"

The title isn't "Iraqi economy will be better off"

Of course the Iraq economy will be better than it was under Saddam, but "better" does not mean "rich"

[Shaze]

Originally posted by Fake Nick
Iraq is already very rich

as far as I know Saddam had a whole lot of money , where did all that money go ? I cannot believe the us would allow him to keep it

so where is it ?

I'm not talking about the money that Saddam had. I'm talking about the economy improving and the Iraqi money becoming worth something in the international economy maybe 5 years from now. With all that oil backing Iraqi made money will it rise in strength in the international market.