The Dutch Disease and Iraq’s Foreign Exchange Rate. By Dr. Zeki Fattah *

Economists who studied the reasons for the low per capita growth of GDP in developing countries that rely on revenues from abundant natural resources, (called ‘resource curse’), found it was actually caused not by high exchange rates, but by wrongly conceived economic policies over a long period of time. We will visit this point again at the end of the paper. Meanwhile, and unt

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Rentierism Revisited, By Dr. Faleh Abdul Jabar (1946-2018)*

Concepts of rentierism or the rentier state gained wider circulation in political sciences since at least early 1970s, despite its old economic origin. Rent in classical political economy is one of three basic modes of income that coincides with three major factors of production, as laid out by Adam Smith; and these are: Capital = Profit Labor = Wages Land= Rent. Profit and

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