Saturday, August 4, 2007
The Iraqi Stock Exchange
This story is a bit superficial, but I thought it was a little interesting. Apparently, Iraq has a functioning stock exchange. Now, it was launched in 2004, which probably means it was some sort of CPA thing that the Coalition decided to "bestow" upon Iraq as part of its reconstruction. But, the fact that it's still functioning, and even growing, is arguably a sign of something. I've always been a firm believer in the ability of economics and market forces to trump almost anything else--politics, religion, security, whatever--this could potentially be an indicator of that.