Category Archives: Iraq

Can Iraq be saved?

Can Iraq be saved?

“Oil money pours in abundance to both the government budgetary allocations and the coffers of the feuding factions. The money allows the parties to guarantee funds to buy off opponents, and it helps maintain prosperity and supports a massive internal security apparatus. Iraq is experiencing what is called ‘conflict resources‘, a complex phenomenon which argues that while revenues from resources extracted in conflict zones may delay or stop the collapse of the state, it perpetuates the fighting. In other words, Iraq might be able to survive the chaos as long as oil prices remain high. Yet, there is no guarantee that different dynamics would not leave it in a freefall. “

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