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In Saddam's time, why did Iraq's economy quadruple in ten years?
In fact, after the overthrow of Saddam Hussein's government, it is normal for Iraq's economy to quadruple in ten years, because Iraq has a single economic structure and relies on oil. As long as oil exports are not restricted, it is not difficult for Iraq to become rich. After the fall of Saddam Hussein, there have been no restrictions on the international oil export to Iraq, so it is natural for the Iraqi economy to rise sharply.

Iraq was actually a big agricultural country in ancient times, when domestic agriculture was very developed. However, after the discovery of oil in Iraq, Iraqis began to invest in the oil industry crazily, because they thought it was faster and less hard to make money with oil, which led to a very simple economic model in Iraq. Apart from the oil industry, there are almost no other industries, and the development of agriculture is seriously backward, making it a food-deficit country.

Before the Gulf War, there were no restrictions on Iraq's oil exports, so Iraq's economic level was very good. At that time, Iraq's per capita GDP even reached 1 10,000 US dollars, basically reaching the level of developed countries. However, after the outbreak of the Gulf War, the world imposed an oil embargo on Iraq, leaving Iraq with no industry to develop its economy, the economic situation declined rapidly, and the people's living standards also declined.

After the Iraq war, Iraq's petroleum engineering and industry gradually returned to normal, oil production gradually increased, and there were no export restrictions on oil. As the second largest oil exporter in the world, Iraq can earn a lot of foreign exchange through oil export, so its economy can be greatly improved within ten years.