VOL. XLVII

No 13

29-March-2004

IRAQ

Iraqs Odious Debt: Where Do We Go from Here?

By Abbas Alnasrawi

The following article was written for MEES by Abbas Alnasrawi, Professor Emeritus of Economics at the University of Vermont. E-mail: Abbas.Alnasrawi@uvm.edu

It can be said without exaggeration that the collapse of the Iraqi economy was unique among developing countries in the 20th century. Having risen to the status of upper middle-income countries the economic decline which started in the 1980s has...