tag:blogger.com,1999:blog-1953410733493889728.post4778012534545249444..comments2024-02-29T12:38:32.191-08:00Comments on MUSINGS ON IRAQ: Iraq Ranked Towards The Bottom of Per Capita Income Amongst Arab CountriesJoel Winghttp://www.blogger.com/profile/09611810110771744360noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1953410733493889728.post-28781496835503637932010-01-08T04:55:13.758-08:002010-01-08T04:55:13.758-08:00Iraq has incredible potential. Right now,farmers a...Iraq has incredible potential. Right now,farmers and manufacturers are being pounded by cheap Iranian imports. Iran has a 150% import tariff and subsidizes exports. The government needs to protect these industries and encourage growth. Oil is nice,but it won't provide every Iraqi with a job.Mauryhttps://www.blogger.com/profile/08155413912838430846noreply@blogger.comtag:blogger.com,1999:blog-1953410733493889728.post-24657546340192987712010-01-07T16:14:20.184-08:002010-01-07T16:14:20.184-08:00Iraq has major problems to overcome before it can ...Iraq has major problems to overcome before it can reach its potential with its oil industry, but if they're successful, all of those numbers would go up. <br /><br />The problem as I noted at the end, is that may not mean much for the average Iraqi. 250,000 young people enter the job market each year and there's not many jobs for them, and services are still spotty. Oil is not a labor intensive industry either, which is what they need, something to provide jobs. The hope is that the extra revenue will be put into services and to diversify the economy, but if other oil dependent countries are a model, this is unlikely to happen.Joel Winghttps://www.blogger.com/profile/09611810110771744360noreply@blogger.comtag:blogger.com,1999:blog-1953410733493889728.post-33012210045701963702010-01-07T16:05:13.247-08:002010-01-07T16:05:13.247-08:00If the major factors are oil produced per citizen,...If the major factors are oil produced per citizen, then Iraq has the greatest potential for improvement because of its large undeveloped reserves.Anonymousnoreply@blogger.com