Iraq’s struggle against poverty and violence despite its oil wealth
Iraq has huge oil reserves but almost a quarter of its population lives in poverty. Infrastructure improvements could boost the economy but violence and terrorism is deterring outside contractors. More than 1,000 people died in the escalating violence in April 2014 and the finger of blame is pointing towards both Sunni extremist terrorism and government forces.
IRAQ is now a failed state despite its great oil riches which provide more than 90 per cent of government revenue.
Its Gross Domestic Product (GDP) is based heavily on oil production and appears to show the country’s promise, but closer inspection reveals the political and socio-economic malaise underneath.
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.