Description
The book "The Economic Consequences of the Gulf War" by Kamran Mofid discusses the impact of the Iran-Iraq war on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade, and agricultural performance. The author argues that the war has had devastating economic consequences for both countries and has also provided insights into international behavior. The book also assigns a dollar value to the economic devastation caused by the war. It is considered a valuable addition to the literature on the economic effects of wars and provides a thorough understanding of the economic realities leading up to the Gulf War.
The Iran-Iraq war has been one of the longest and most devastating uninterrupted wars amongst modern nation states since 1945. It has produced neither victor nor vanquished and has left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that going back is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean?;In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analyzing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence 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 behaviour. At one time or another, almost one-third of UN members provided weapons, ammunition or support systems to both countries simultaneously, and undercover partnerships and loose Review: The book contains a lucid analysis of the impact on their economies of the long drawn out war between Iran and Iraq. - Muslim World Book Review This book is a welcome addition to the literature on the economic effects of wars and among the very few attempts made to study the Iran-Iraq conflict from a purely economic standpoint. - International Journal of Middle East Studies . . . it is clear that any attempt to understand the conditions leading up to the events of 1990-1991 in the Gulf would be incomplete without a thorough understanding of the economic realities that Mofid draws attention to in this book. - Third World Resources
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