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71. Economic Challenges in Post-Conflict Iraq

Author:
Anthony H. Cordesman
Publication Date:
03-2010
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Economics are as important to Iraq's stability and political accommodation as security and governance, and they are equally critical to creating a successful strategic partnership between Iraq and the United States. It is far from easy, however, to analyze many of the key factors and trends involved. Iraqi data are weak and sometimes absent. U.S. and Coalition forces generally failed to look in detail at many of Iraq's most serious economic problems, or they issued heavily politicized reports designed to show that Iraqi “reconstruction” had been far more successful than it really was.
Topic:
Economics
Political Geography:
United States, Iraq, and Middle East

72. The Economic Condition of Displaced Iraqis Living in Jordan: A Study of Vocational Training

Author:
Farah Thalji
Publication Date:
08-2010
Content Type:
Working Paper
Institution:
Center for Strategic Studies (CSS)
Abstract:
The Iraqi War has garnered international attention as a traumatic conflict in many respects. Rising death tolls, expensive military operations, internal fragmentation and civilian suffering have all become hallmarks of the ongoing conflict. This often overshadows the distress of Iraqis scattered to neighboring countries by the war. This report focuses the lens on displaced Iraqis who have fled to the neighboring Hashemite Kingdom of Jordan to seek refuge. Refugees are used as the instrument for measuring the impact of the conflict and its residuals on others in the region. The subsequent goal is to demonstrate the rippling effect of conflict in such a manner that goes beyond the surface to the longer-term effects that are often overlooked by the media in favor of shocking short-term events. One problem Iraqis face in Jordan is economic survival. There is a pervasive attitude that Jordan only harbors wealthy Iraqis. While this stereotype may apply to some Iraqis, it is certainly not a reality for many –particularly considering that seven years have passed since the start of the war and personal funds have been depleting. One of the troubles that Iraqis in Jordan now face is the inability to participate in the labor force due to legal restrictions. With an estimated population of somewhere between 450,000 to 700,000 Iraqis amongst Jordan’s population of 6 million, this poses a serious problem. An assessment of the situation attempts to understand the Iraqi effort for survival by focusing on vocational training and support for displaced Iraqis. The goal of such an effort is to capture the Iraqi attempt to transition into the labor market in Jordan. It also reflects that economic involvement in the Jordanian economy is becoming increasingly necessary as security continues to remain an issue in Iraq and the fear of return persists. Discussing the political and legal as well as the social status of Iraqis in Jordan forms a necessary foundation for the study of their economic situation and the subsequent merit of vocational training programs.2
Topic:
Economics, Refugees, Displacement, and Vocational Training
Political Geography:
Iraq, Middle East, and Jordan

73. The USA-Turkey Relationship After the 2003 Iraq Crisis

Author:
Şûle Anlar Güneş
Publication Date:
03-2010
Content Type:
Working Paper
Institution:
BILGESAM (Wise Men Center for Strategic Studies)
Abstract:
Turkey and the USA have been strategic allies since declaration of Truman Doctrine in 1947. This strategic partnership got worse due to the USA‘s politics towards Middle East after 9-11 tragedy and Turkey’s new changing domestic political situation through AKP in 2002. Specifically, 2003 Iraq crisis was milestone to decline the relationship between Turkey and the USA. In spite of deterioration of relationship, Turkey and the USA had to overcome this problem due to security, foreign, and economic concerns of both countries, and the process have advanced as expected. In this article, the US-Turkey relationship will be examined in the contexts of recent Iraq crisis, Turkey’s new approach to foreign policy, NATO, war on terrorism, European Union, and economic concerns in order to comprehend the new era of Turkey-US strategic partnership.
Topic:
Foreign Policy, NATO, Economics, European Union, Crisis Management, and War on Terror
Political Geography:
Iraq, Turkey, Middle East, North America, and United States of America

74. Why the European Union Needs a 'Broader Middle East' Policy

Author:
Edward Burke, Ana Echagüe, and Richard Youngs
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
European foreign policy in the Middle East and North Africa (MENA) is a highly fragmented construction. Since the mid-1990s the EU's policies with Maghreb and Mashreq countries have been pursued under the rubric of the Euro-Mediterranean Partnership (EMP), the European Neighbourhood Policy (ENP) and now the Mediterranean Union. This plethora of highly institutionalised initiatives has been developed with negligible linkage to policy in the rest of the Middle East. Relations with the Gulf Cooperation Council remain low key and strikingly disconnected from the EMP. Contrary to its rhetorical emphasis on supporting regional integration around the world, the EU has failed to build its strategy towards Iran and Iraq into a regional security framework. Even more reproachable, given its credibility and influence in the economic sphere has been the EU's inability to foster regional economic integration between the Mediterranean and the Gulf.
Topic:
Foreign Policy, Economics, and Bilateral Relations
Political Geography:
Europe, Middle East, Arabia, and North Africa

75. Investment from the GCC and Development in the Mediterranean. The Outlook for EU-GCC Financial and Economic Cooperation in the Mediterranean

Author:
Bénédict de Saint-Laurent
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Basic questions posed in this study were whether the trend of Gulf involvement in the Mediterranean economies was sustainable, what the specifics of those investments are, and could a triangular cooperation be envisaged? What is clear is that Gulf investors have become major players in the Mediterranean with an investment volume of more than 70 billion Euro in nearly 700 projects since January 2003. The Gulf now seems to have joined Europe as a sustainable second investment pillar. The complementarities between needs and resources of Europe, GCC and Med countries call for the implementation of an integrated co-operation model, similar to the Japan-China-ASEAN triangle.
Topic:
Development, Economics, and Foreign Direct Investment
Political Geography:
Japan, China, Middle East, and Arabia

76. Getting Off Lightly? The Impact of the International Financial Crisis on the Middle East and North Africa

Author:
Juliane Brach and Markus Loewe
Publication Date:
08-2009
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
The international financial crisis has hit the Middle East and North Africa (MENA), like other developing regions, unexpectedly, during a long phase of above-average growth. In contrast to other parts of the world, however, most MENA developing countries will able to get off lightly if the crisis does not last for too long. In Turkey and Israel, the region's more industrialized countries, different initial conditions apply and the situation is not comparable to the Arab MENA countries.
Topic:
Development, Economics, Emerging Markets, Markets, and Financial Crisis
Political Geography:
Middle East, Arabia, and North Africa

77. The Oil Boom in the GCC Countries: Old Challenges, Changing Dynamics

Author:
Ibrahim Saif
Publication Date:
03-2009
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The recent oil boom (2002 to mid-2008) generated a large volume of revenues for the six Gulf Cooperation Council (GCC) countries: Bahrain, Oman, Kuwait, Qatar, the United Arab Emirates (UAE), and Saudi Arabia (SA). Estimated at an annual average of U.S. $327 billion over the period 2002– 2006, the revenues more than doubled their average as compared with the preceding five years. The abundant revenues were instrumental in boosting economic growth; and macroeconomic indicators such as growth and investment in the GCC were also robust over the period 2002–2007. On the other hand, other indicators pertinent to the labor market, the structure of the economy, and governance were less positive.
Topic:
Economics, Energy Policy, International Organization, and Oil
Political Geography:
Middle East, Kuwait, Saudi Arabia, Bahrain, and Oman

78. Gain Seeking in a "Double Security Dilemma": The Case of OPEC

Author:
Ellinor Zeino-Mahmalat
Publication Date:
03-2008
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
The remarkable stability of the cooperation among the members of the Organization of Petroleum Exporting Countries (OPEC) has generally been explained by these members' mutual dependency on high and stable oil revenues. Since the OPEC countries, however, face the double security dilemma of both domestic and external security threats, they are not simply eager to secure (absolute) oil revenues for the sake of domestic stability; they are also sensitive to the (relative) oil revenues of their competing or even conflicting partners. The existing approaches of rational egoism and defensive positionalism have proven to be rather inadequate in explaining this kind of gain-seeking behavior. This paper therefore develops the new theoretical approach of “gain-seeking mentalities,” with the objective of tracing variations in OPEC members' gain-seeking behaviors. Using this approach, the empirical assessment of Iran and Iraq during the Iran-Iraq War and Iraq during the Gulf War of 1990/91 shows the extent to which Iran and Iraq altered their gain-seeking behavior as a result of a changing constellation of threats.
Topic:
Security, Economics, Intelligence, and Oil
Political Geography:
Iraq, Iran, and Middle East

79. The Gulf as a Global Financial Centre: Growing Opportunities and International Influence

Publication Date:
06-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Ambition is high. Just a few years ago, the claim that the Gulf represented an important financial centre, let alone an aspiring Global Financial Centre (GFC), would have been seen as optimistic. However, it should be recalled that in the late 1990s, and even up until 2003, few analysts expected oil prices to move above the $20–30 range–yet by early 2008 oil was trading well above $100 and rising. The GCC economies have approximately tripled in size in just five years and their combined GDP will be well above $1 trillion in 2008, while their external financial wealth in the form of sovereign wealth funds (SWFs) and foreign exchange reserves alone is more than double this figure. These trends are not, of course, uncorrelated. Nevertheless, it is easy to see the region's comparative advantage from the swing in oil prices, whereas the scope for developing a significant advantage in global finance remains tentative. To develop and mature the Global Financial Centre concept will require considerable effort and nurturing, chiefly by GCC governments, banks and fund managers but including cooperative ventures with leading GFCs and financial services companies.
Topic:
Development, Economics, and Markets
Political Geography:
Middle East, Arabia, and Arab Countries

80. Multilateralism Beyond Doha

Author:
Arvind Subramanian and Aaditya Mattoo
Publication Date:
10-2008
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning issues of the day were not even on the negotiating agenda. The paper advances five propositions: the traditional negotiating dynamic, driven by private sector interests largely in the rich countries, is running out of steam; the world economy is moving broadly from conditions of relative abundance to relative scarcity, and so economic security has become a paramount concern for consumers, workers, and ordinary citizens; international economic integration can contribute to enhanced security; addressing these new concerns–relating to food, energy and economic security-requires a wider agenda of multilateral cooperation, involving not just the WTO but other multilateral institutions; and despite shifts in economic power across countries, the commonality of interests and scope for give-and-take on these new issues make multilateral cooperation worth attempting.
Topic:
International Relations, Economics, Globalization, International Political Economy, International Trade and Finance, Markets, and Privatization
Political Geography:
Middle East