Reconstructing the Performance of the Iraqi Economy, 1950-2006: An Essay with Some Hypotheses and Many Questions

Roger Owen

Working Paper from Harvard University OpenScholar

Abstract: This article addresses the fact that little is known about the performance of the Iraqi economy after the 1970s due to a number of reasons including great official secrecy, the impact of repeated wars and, most important of all, the system of disaggregated economic management put in place by the Bathi regime in which many important parts of the system were managed, off-budget, as discrete units. While acknowledging the great difficulties in reconstructing the overall effect of such a system, Owen suggests ways by which we might begin to understand its logic as a preliminary to the team effort needed to reconnect the economic history of the last thirty years with what went before. This, he argues, is vital not only for a proper study of Iraq's development effort but also as a benchmark against which to judge present efforts at economic reconstruction and recovery.

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