Lse Middle East Centre Podcasts

The Political Economy of Economic Policy in Iraq

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Sinopsis

PLEASE NOTE: Unfortunately we had some technical difficulties towards the end of the webinar which meant that the recording had to be cut off early. Since 2003, despite an abundance of resources and a more pluralistic political settlement, Iraq’s economic reform process has failed to take off. Alexander Hamilton's new paper explores the link between the evolution and consolidation of Iraq’s post-2003 political settlement and how this has impacted the incentives decision-makers face when implementing economic policy. Paradoxically, the fact that the settlement has accommodated more groups than its repressive predecessor has not resulted in more inclusive or long-term oriented economic decision-making. This is because the inclusion of more (elite) groups reflects the fact that more actors can now generate violence if they are not placated with state-generated rents. Transitioning away from policy-makers’ consequent short-termism will require patient economic reforms, slowly creating new pressures on political