Tuesday, March 28, 2006

Arab Economic Model

From TCS Daily

Great article on how Arab governments have mismanaged their economies and the growth rate in liberated Iraq. If I recall correctly, I read somewhere that Iraq and Spain had either similiar GDP numbers or Per Capita income numbers when Saddam took power. Spain is now light years ahead of Iraq, and Iraq was one of the better Arab economies under Hussein. I also understand that electrical output is now greater than pre-liberation -- the primary problem today is that Iraqi citizens demand has far outstripped supply.

No comments: