Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What was Iraq's economy like before and during Saddam's rule?
What was Iraq's economy like before and during Saddam's rule?

To make an economic comparison, we must first determine the period during which Saddam Hussein "ruled" Iraq (1979-23)

In July 1979, Iraqi President Becker resigned due to illness, and Sunni Saddam Hussein became the leader of the party and took over as president.

On March 2th, 23, the United States organized a coalition to attack Iraq on the grounds that Iraq possessed weapons of mass destruction. This move was not approved by the United Nations, and the Iraq war broke out.

After Iraq was controlled by the United States and its allied forces, paul bremer, the chief executive appointed by the United States, was the highest chief executive in charge of Iraq affairs in the United States and served as the head of Iraq.

on January 3th, 25, Iraq held a general election.

on may 2th, 26, the first official government after the war was sworn in after being approved by the parliament. The Prime Minister is Jawad al-Maliki.

2. Analysis of economic structure

The oil industry is the economic pillar of Iraq, and its crude oil reserves rank fifth in the world, traditionally providing 95% of the country's foreign exchange earnings.

3. The influence of war on Iraqi economy

In 198s, Iraq launched the Iran-Iraq war.

Due to the huge war expenses of the Iran-Iraq war and the destruction of oil production capacity, the Iraqi government had to tighten its expenditure, borrow a lot and delay the repayment time. The economic losses caused by the war are estimated to exceed $1 billion.

after the war in p>1988, with the reconstruction of oil production and pipeline facilities, oil exports gradually recovered.

in August 199, Iraq sent troops to occupy Kuwait, which was followed by economic sanctions from the international community. The damage caused by the Gulf War that began in January 1991 severely hit the Iraqi economy. The Iraqi government's expenditure is tilted towards the army, security forces and the forces supporting the regime, which is not conducive to economic recovery.

4. The influence of the United Nations and the international community on the Iraqi economy

In December p>1996, the United Nations oil-for-food program improved the living conditions of ordinary Iraqis to a limited extent. Under this plan, Iraq is allowed to export a limited amount of oil in exchange for food, medicine and some infrastructure spare parts.

Since December p>1999, the United Nations Security Council has allowed Iraq to export as much oil as possible under this plan to meet the needs of humanitarian relief. Oil exports reached three-quarters of the pre-war level. However, 28% of Iraq's oil export revenue is used for the United Nations Compensation Fund and related management expenses of the United Nations.

5. The impact of international oil prices on Iraq's economy

In p>21, due to the global economic weakness and falling oil prices, Iraq's gross national product declined.

After the US military occupied Iraq in p>23, Iraq cooperated with international oil giants to auction the exploitation rights of domestic large and small oil fields, which enabled its oil economy to recover rapidly.

Summary: During Saddam Hussein's administration, he exercised harsh dictatorship over Shia Muslims, cracked down on and killed dissidents. At the same time, under the induction and competition of various international forces, the country has frequent wars.

On the whole, Iraq didn't make any obvious economic achievements during Saddam's reign. On the contrary, international forces and international oil prices influence Iraq's economic development.