The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean?

In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.

• Cover 2
• The Economic Consequences of the Gulf War 3
• Title Page 5
• Copyright Page 6
• Table of Contents 9
• List of figures 11
• List of tables 13
• Foreword by Anoushiravan Ehteshami 17
• Acknowledgements 25
• 1 Introduction 27
• 2 Iran and Iraq at war: the analysis of the economic consequences 39
• 3 Iraq at war: the analysis of the economic consequences 61
• 4 Militarization of Iran 1973-8: an economic analysis 79
• 5 The political economy of military expenditure in Iran during the war 90
• 6 Militarization of Iraq 1973-8: an economic analysis 102