VOL. XLV

No 40

7-October-2002

IRAQ

Oil-Rich Iraq Now One Of The Worlds Least Developed Countries

Iraq is endowed with abundant economicand human resources and owns the second highest proven oil reserves in theworld. But despite this wealth it has witnessed continuous economic deteriorationsince 1980 and has become one of the least developed countries in terms ofgross domestic product (GDP) per capita, according to SabriZire al-Saadi, an economicadvisor, ex-United Nations employee and former...