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Keyword: iraqcapitalism

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  • Iraq's fast track to capitalism scares Baghdad's businessmen

    12/03/2003 12:15:32 AM PST · by kattracks · 5 replies · 139+ views
    AP | 12/03/03 | JIM KRANE
    BAGHDAD, Iraq (AP) -- Pity the Iraqi businessman. After more than 40 years languishing in a state-run command economy, Iraqi entrepreneurs who've finally won the freedom to start businesses now face a new threat: competition, especially from well-heeled foreigners given virtually unrestricted access to the Iraqi market. "Most Iraqi investors aren't millionaires," said Ihsan al-Titenchi, membership director of the Iraqi-American Chamber of Commerce and Industry. "They want to know what's going to happen to them. Are they going to stay in business? Or is someone from the outside going to arrive and put them out of business?" The anxiety...