Political Risk and Stability in Iraq

Mark DeWeaver, co-founder of Quantrarian Capital Management – a DC-based emerging markets hedge fund – and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World’s Emerging Economic Giant, discusses the stability issues in Iraq.

DeWeaver says: “I think than it ever could have been in the past. I guess, I have the naïve business person’s idea that wars become less likely the more money there is at stake. But that logic might really apply to this particular case. I doubt there’s ever been a time in the history of Kurdistan when there was so much to be gained by keeping the peace. Of course, these are all risks but they are worth taking simply because the potential is so vast. There is the potential growth of the rest of Iraq, and Kurdistan is kind of a leveraged play on that growth.”