MISC> ARTICLE: Economic Implications of the Iraq War of 2003

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From: "David P. Dillard" <jwne@xxxxxxxxxxxxxxxxxxxxx>
Sent: Thu, 27 Mar 2003 13:22:20 -0500 (EST)

An article regarding the economic and business prospects for the Middle
East in light of the war there may be of interest to those in the field of
tourism as the war will have at least two major impacts on tourism, that
of the impact of the war on tourism in the region where the war is
occuring and the impact of the war on oil supplies.  Membership in
Knowledge@Wharton (no cost for this) is required to enable viewing of
articles from this source.

Middle East: When Peace Comes, Revival and Reconstruction Will Follow
<http://knowledge.wharton.upenn.edu/articles.cfm?catid=9&articleid=7386>

The assault on Iraq by the U.S. and its allies is curtailing economic
activity throughout the Middle East as tourism and business travel
plummet, consumer spending is put on hold and investment uncertainty
deepens. As the war wears on, the extent of its impact will vary from
country to country, depending on the nature of their economies and how
heavily they rely on oil for revenue, according to wide-ranging interviews
with Wharton faculty and alumni, as well as economists and business people
in the United States and the Middle East.

In the short term, these experts say, the reconstruction that will take
place in Iraq following military action will lead to billions of dollars
in spending on infrastructure. In addition to providing large projects for
multinational construction companies, the rebuilding of the country will
create opportunities for smaller entrepreneurs. The entrepreneurs will try
to turn a profit by serving the needs of the big firms and at the same
time capitalize on a nascent consumer market emerging from years of 
dictatorship.

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Sincerely,
David Dillard Research Librarian
david@xxxxxxxxxxxxxxx
ECP RingLeader
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Temple University
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