Deadly “Dutch Disease”. It’s when countries are reliant [solely] on natural resources. When commodity prices drop, their budgets get affected. It’s very painful…It’s bad because it devalues their currency because they don’t have…the ability to buy and pay for things and pay back debt. But if you have…non-oil revenues…tourism…development road project…ports…taxes and tariffs [you can win]…They used Saudi Arabia as an example because…they were [successful] using non-oil revenue streams. That’s what Iraq is poised to do and it’s an awesome thing to see…
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