Estimating the Economic Benefits of Levant Integration. By Daniel Egel, Andrew Parasiliti, Charles P. Ries, Dori Walker

Economic integration in the Levant — in the form of a comprehensive free trade agreement (FTA) that eliminates tariffs, lowers investment and nontariff barriers, and waives visa requirements — could increase the average gross domestic product of the Levant nations by 3–7 percent. This economic expansion would likely create at least 0.7 million to 1.7 million additional new jobs

Read More

Iraq Moves To Exploit Its Massive Natural Gas Reserves. By Simon Watkins

Official estimates are that Iraq’s proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the world’s total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, esti

Read More

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

Read More