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Strategies & Market Trends : World Outlook
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To: Les H who wrote (2762)11/17/2003 11:16:04 AM
From: Les H  Read Replies (1) of 49022
 
U.S.-led restructuring of Iraqi economy is on shaky ground, top economists say

zawya.com

Iraq floats atop the world's second largest oil reserves - 112 billion barrels, second only to Saudi Arabia. Bush administration officials insisted before the war that Iraq's oil wealth would cover the country's reconstruction - a prediction that has thus far proven false. The oil sector also generates few jobs, which means oil wealth must be funneled into social programs if it is to benefit most Iraqis.
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