The Economic Consequences of the Gulf War

The Economic Consequences of the Gulf War

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The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean?

In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.
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Product details

  • Hardback | 204 pages
  • 142.2 x 218.4 x 20.3mm | 340.2g
  • London, United Kingdom
  • English
  • 0415052955
  • 9780415052955

Table of contents

Foreword by Anoushiravan Ehtehami 1. Introduction 2. Iran and Iraq at war: the analysis of the economic circumstances 4. Militarisation of Iran, 1973-8: and economic analysis 5. The poltical economy of military expenditure in Iran, 1979-85 6. Militarisation of Iraq, 1973-8, an economic analysis 7. The political economy of military expenditure in Iraq, 1979-85 8. The Iran-Iraq war and the arms trade 9. The impact of the war on the military expenditure and arms imports of Saudi Arabia and Kuwait 10. The Economic cost of the war: the assignment of a dollar value, September 1980-August 1988 11. Conclusions Appendix Notes Bibliography Index
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Review quote

"The book contains a lucid analysis of the impact on their economies of the long drawn out war between Iran and Iraq."
-"Muslim World Book Review
"This book is a welcome addition to the literature on the economic effects of wars and among the very few attempts made to study the Iran-Iraq conflict from a purely economic standpoint."
-"International Journal of Middle East Studies
." . . it is clear that any attempt to understand the conditions leading up to the events of 1990-1991 in the Gulf would be incomplete without a thorough understanding of the economic realities that Mofid draws attention to in this book."
-"Third World Resources
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