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Iraq-US War: Economic Impacts & Strategies

The document summarizes the key reasons for the Iraq-US war and who supported each side. It notes that the US supported Kuwait in the 1992 war with Iraq over oil interests. Supporters of Iraq included India due to declining prices for its exports and contracts awarded under the UN oil-for-food program. Meanwhile, the US benefits from controlling oil prices and countries like OPEC supported Iraq. The document also outlines business opportunities for India in reconstruction and filling demand if US steel companies focus on Iraq.

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125 views12 pages

Iraq-US War: Economic Impacts & Strategies

The document summarizes the key reasons for the Iraq-US war and who supported each side. It notes that the US supported Kuwait in the 1992 war with Iraq over oil interests. Supporters of Iraq included India due to declining prices for its exports and contracts awarded under the UN oil-for-food program. Meanwhile, the US benefits from controlling oil prices and countries like OPEC supported Iraq. The document also outlines business opportunities for India in reconstruction and filling demand if US steel companies focus on Iraq.

Uploaded by

tanvisawal10
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

IRAQ – US

Points to be covered

• Why Iraq- US War ?


• Who are supporter ?
• Benefited Countries
• Business Strategies
Iraq -

• 1992 war between Kuwait and Iraq


• Oil the key aspects of this war
• The US supported Kuwait
• One of the aims of the present US
attack on Iraq is to put an end to
such resistance to American
economic interests
• US extracted oil with strong-arm
tactics such as that used in the
Kuwait-Iraq dispute
• Lower prices of natural resources
• Whereas Iraq worked for higher
prices of oil
Reasons to support Iraq
• India sails in the same boat as Iraq
• E.g. The prices of our exports, such as
tea, coffee, jute and rubber, have been
declining while we pay ever-higher
prices for hi-tech imports from the US,
such as computer software, life-saving
drugs and machinery
• Iraq has awarded Indian companies a
number of contracts under the United
Nations "oil-for-food" programme, in
return for India's diplomatic support
• US-is-the-big-bully
• Seen from the larger good of humanity,
we must oppose the US
• Under the agreement, India is to supply
Iraq with medicine, wheat, rice, railway
equipment and turbines for electricity
generations
• The Indian formula is that of dharma,
artha, kama, moksha
• “artha” must be pursued in a way that
leads to the betterment of society
Reason To Support US
• India's claim for a permanent seat on
the UN Security Council cannot be
fulfilled without the support of the US
Benefiters
• US
• Organization of Petroleum Exporting
Countries (OPEC)
• E.g. Algeria, Angola, Ecuador, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar,
Saudi Arabia, the United Arab
Emirates, and Venezuela
Reason to support & Business
Strategy
• The imports of following items from India seem to be
• 1. Auto and watch spareparts
• 2. Electrical fittings
• 3. Ceiling fans
• 4. Meat
• 5. Paper and stationery items
• 6. Construction material, cement, etc.
• 7. Marble and Granite
• 8. Pharmaceutical items,
• 9. Imitation jewellery
• 10. Garments and textiles
• 11. Shellac
• 12. Ice factory machinery
• 13. Stainless steel utensils gaining ground at present
Business Strategy
• Hope for the Indian steel industry
1 . First, by directly getting involved in
Iraq's reconstruction
2. Second, by stepping in to fill the
vacuum that may be created in the
global market once the U.S. steel
majors concentrate on Iraq

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