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Iraq Essay

2804 words - 11 pages

Iraq has gone through many conflicts and trial throughout the years such as
economics of oil, the Persian Gulf War (conflict between the U.N and also
with the United States). The conflicts they have beens through has cost them
a lot in the government and also in economics, etc. Iraq had made some poor
decisions under the leadership of Saddam Hussein and is paying the
consequences for his decision.

        Iraq's economy has suffered and continues to suffer because of the
wars and the poor decisions that have made in the past. Many people in Iraq
are suffering because of the lack of food. Before the Iran-Iraq War and the
Persian Gulf War, Iraq had bold plans for economic development. These
plans for the development of the economy relied on oil sales. The Oil
Industry is the principal source of Iraq's wealth. Since oil is the principal of
their wealth it is a big factor for their plan to develop their economy and if
they lose it, then their economy will suffer like it is right now. Oil provides
nearly all the nation's foreign income. The Oil Industry began in 1927. In
Iraq there are three main regions where oil fields lie. The first region is near
Kirkuk. The second is northwest of Mosul and the third is Southwest of
Basra (Lerner p. 51). These regions got bombed heavily during the Iran-Iraq
conflict, but they got repaired (Lerner p. 52). Crude oil made up more than
90% of Iraq's exports before the Persian Gulf War and also oil exports had
reached up to about three million barrels per day (Lerner p. 56). The wars
with neighboring Iran kept Iraq from earning a large income from oil. So
because of the conflicts Iraq had with other country the oil industry has gone
down and it's economy is recovering slowly ( Lerner p. 51). Iraq is far away
from fulfilling their plan of a better economy. Because of the decrease in oil
profits, other mining ventures funds were limiting (Lerner p. 52). Another
area that brings income to Iraq is agriculture. Throughout Iraq's history,
agricultural setbacks occurred when canals and water pumps failed to control
seasonal flooding which can ruin the crops. So management of the rivers
continues to be vital to successful farming in modern times. About 40% of
Iraq's land can be farmed, but only one-fourth of that amount is actually
plowed and planted. The land that Iraq uses to farm is not very much and if
they use more of the land they could get more income to help them with their
economy. A lot of the territory lies unused in a given year to regain fertility
and a substantial potion of the remainder is pastures (Lerner p. 53). In the
upper and lower Plains, irrigation is essential to successful harvests of wheat,
barley, corn, grapes, melons, oranges, and rice. In the northeast, where
rainfall supplies enough water for crops, farmers grow barley, olives,
tobacco, and fruit. Dates are far by the most important of Iraq's export crops.
If the dates are off then the crops would be ruin. The nation is the world's
largest...

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