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The Economic Consequences of the Gulf War (Hardcover)
Loot Price: R4,260
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The Economic Consequences of the Gulf War (Hardcover)
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The guns fell silent in the Persian Gulf on August 20, 1988, when
Iran and Iraq finally agreed to a ceasefire. One of the longest and
most devastating uninterrupted wars among modern nation states
since 1945, the Iran-Iraq conflict produced neither victor nor
vanquished, yet the domestic, regional, and international
repercussions of the war clearly indicate that "going back" is not
an option.
The current crisis in the Persian Gulf has placed Iraq at the
center of world attention. This study provides one of the first
examinations of the economic consequences of the Gulf War and its
impact on oil production, exports, foreign exchange earnings,
non-defense foreign trade and agricultural performance. In the
final section, Mofid brings together the component parts of the
economic cost of the war to assign a dollar value to the
devastation.
The Gulf War has also provided some interesting and often alarming
insights into international behavior. At one time or another,
almost one-third ofUN members provided weapons, ammunition, or
support systems to both countries simultaneously, and undercover
partnerships and loose loyalties flourished. Although the
terminology of ceasefire has centered on the idea of
reconstruction, this book questions the immediate future for the
region. Is peace merely an opportunity to re-arm, consolidate, and
prepare for further clashes, or is stability possible in a region
devastated by war and shifting allegiances?
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