Business Services Industry
Ira... Needs Diverse Economy, Ohio Northern University Professor Says.
Knight Ridder/Tribune Business News, July, 2003
By John Fike, The Lima News, Ohio Knight Ridder/Tribune Business News
Jul. 26--ADA, Ohio--As the beginnings of a democracy emerge in Ira..., the Bush administration should be wary of how much the democracy depends on oil for its economy, a local professor said.
A.F. Alhajji, Ph.D., a professor of economics and energy expert at Ohio Northern University, said depending too much on oil production to fund the new economy will only lead to another dictatorship. Alhajji is a contributing editor for World Oil Magazine and writes for several other publications, including the Middle East Economic Survey. "Once they depend on oil, they trap themselves," Alhajji said of the developing Ira...i economy. "We're likely to see another Saddam Hussein sneak...
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