German-Iraqi business relations

Know about the book -

German-Iraqi business relations is written by Eva Hilskamp and published by GRIN Verlag. It's available with International Standard Book Number or ISBN identification 3668354820 (ISBN 10) and 9783668354821 (ISBN 13).

Master's Thesis from the year 2015 in the subject Economics - International Economic Relations, grade: 1,0, Friedrich-Alexander University Erlangen-Nuremberg, course: Nahoststudien, language: English, abstract: Iraq is a country in desperate need of reconstruction. Iraq is facing the challenge to rebuild its economy and to overcome political instability and terror with the help of immense natural resources. The Iraqi economy is characterized by drastic ups and downs. Between 1840 and 1915 in the latter phase of Ottoman rule, the Iraqi region slowly incorporated into the world’s economy, exporting agricultural products and raw materials. Under British administration, the run for Iraqi oil began, leading to large British investments in this sector. After independence Iraq slowly grew to become a striving middle income country by the 1970s, with high growth rates and sizable foreign assets. Since then Iraq has fallen into debt and chaos facing a series of wars and political upheavals. Correlated to the domestic Iraqi’ economy, German Iraqi business relations have flourished and ceased to zero. Iraq, nowadays a country of 35.9 million inhabitants, still holds potential for foreign business. Iraq is estimated to have the third largest oil reserves in the world after Saudi-Arabia and Iran. The concrete number of proven reserves, provided by OPEC is 143,069 million barrels. Immediately after the Iraq War, investors from all over the world were on the qui vive to secure themselves a share of the lucrative reconstruction projects. However, the political instability and the poor security situation prevented many German firms from operating in Iraq. This book will examine the key drivers behind German-Iraqi commerce from the Ottoman era until 2015 - a history affected by upheavals of the rickety Iraqi history. By analyzing the deterred relations of German-Iraqi business, a prediction for the future might be attempted.