Kurdistan: Looming Commodity Curse Amid Success

There are challenges on the way; according to Taha, “everybody today asks “what does Iraq need?” and I think the last thing we need is money, per se. What we need is intelligent money, and so you have to create the environment to attract that intelligent money. By some accounts, we are going to need $600 billion of investment in the country in this decade alone.”

Due to uncontrolled spending Kurdistan and Iraq might face a commodity curse and should look-up to models adopted by Norway and Chile – the only two countries that managed to break a commodity curse.