Mr. Chairman, thank you for the invitation to speak before the Joint Economic Committee about the challenges confronting Iraq s economic transformation. As you may know, I co-directed Guiding ...

Is war good for the economy? The evidence points decisively toward the contrary. Military conflicts impose substantial costs through government debt accumulation, resource diversion from productive ...

I agree with Mark Thoma more often than naught. I certainly share his concern about the shifting sectoral composition of output (translated from economese to English, more jobs in housing), and, like ...

Iraq is seeing the worst of the Middle East crisis as its heavily oil-dependent economy is now collapsing with the trickling oil revenues amid the blockage of the Strait of Hormuz. Iraq, OPEC’s second ...

BASRA, Iraq (AP) — The Iraqi oil fields, once bustling with activity, now stand largely deserted as the ongoing conflict in Iran disrupts vital exports. The ports of Basra, which serve as key conduits ...

The U.S.-Israeli war against Iran has triggered one of the Middle East’s long-feared nightmares: a full-blown regional conflagration. The expansion of the conflict has had especially significant ...

Iraq’s latest election saw a surprisingly high turnout (56%) and a fragmented outcome. The new government faces urgent challenges: a severe water crisis due to drought and upstream dams, weak public ...

BASRA, Iraq — Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replaced by the soft rhythm of ...

Public sector workers in Iraqi Kurdistan, a semi-autonomous region of northern Iraq, have endured irregular and delayed salary payments for more than a decade. Many of these people are owed staggering ...

When the United States toppled Saddam Hussein in 2003, Washington hoped to help build a democratic Iraq that could become a stable partner in the Middle East. Instead, over the past two decades, ...