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November 01, 2005

The Iraq you don’t know

Iraq is booming and not just with bombs. Michael Rubin, who has
travelled widely in Iraq free of U.S. military minders, writes in National Review Online:

"In August 2005, new business registrations have topped 30,000; this figure does not include the number of start-ups which still ignore Iraqi-registration rules.

"Ordinary Iraqis are financially better off now than they were at any time in the past two decades. According to World Bank and International Monetary Fund estimates, per capita income has doubled since 2003. Iraq’s per capita gross domestic product is today almost twice that of Yemen and nearing that of Egypt and Syria, hardly a sign of failure in a country in which, just three years ago, antiwar groups insisted children were starving en masse. Statistics aside, the Iraqi economic boom is apparent to anyone who visits an Iraqi market. Not only are appliances and luxuries in the stores, but customers are actually purchasing them."

Posted by Richard Miniter at November 1, 2005 08:08 PM

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