Is the war helping the Kurdish economy?
In usual scenarios, war in any country negatively affects its economy, but is that the case with Kurdistan?
As the powerful nations of the world gather in unity to battle against the Islamic State (I.S) terrorist Sunni group, the search for powerful allies in the Middle Eastern region continues. Who could aid in the fight against I.S? It seems heads are turning towards the Kurds as a trustworthy ally. Now that global attention is turning towards the Kurds, supplies and weapons are coming into the Kurdistan region and the Kurdish fighters are aided by allied air bombardment. Step one towards political independence; a powerful military force!
In the long term, this is going to bolster the Kurdish economy, as it receives more aid and military support; its political economic position in the region is going to be stronger. The continuation of the support may lead towards the fulfillment of the aspirations of the Kurds for a Kurdish state. The geopolitical situation seems to favor such a political entity, despite the consternation of Turkey and Iran.
The economic effects are going to be considerable, oil will be sold freely by this Kurdish state without the hindrances imposed by the Iraqi government, and the West will be more than happy to aid the economic growth of Kurdistan, as it will gain a double interest. A bulwark against Sunni terrorists and an oil rich region that welcomes its oil companies like Exxon Mobil and Chevron to list only a few.
When I met with a senior British official back in 2003 while I was still in London he was very optimistic about the chances of the Kurds in the middle east and he kept saying to me, “the Kurds are going to be the kings in the region.” When I come to think of it now his words were prophetic of the rise of the Kurdish state backed by a West that needs an ally to fight against I.S!
The war against I.S maybe the catalyst that is going to help Kurdistan fulfill its political and economic potential!