Sanctions Against Iraq
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Sanctions Against Iraq
The sanctions against Iraq were a comprehensive financial and trade embargo imposed by the United Nations Security Council (UNSC) on Iraq. They began August 6, 1990, four days after Iraq's invasion of Kuwait, stayed largely in force until May 22, 2003 (after Saddam Hussein's being forced from power), and persisted in part, including reparations to Kuwait. The original stated purposes of the sanctions were to compel Iraq to withdraw from Kuwait, to pay reparations, and to disclose and eliminate any weapons of mass destruction (WMD). In December 2021, Iraq's central bank announced that it had paid off its entire debt of $52 billion in war reparations to Kuwait. The UNSC imposed stringent economic sanctions on Iraq by adopting and enforcing United Nations Security Council Resolution 661 in August 1990. Resolution 661 banned all trade and financial resources with both Iraq and occupied Kuwait except for medicine and "in humanitarian circumstances" foodstuffs, the import of which was ...
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Ba'athist Iraq
Ba'athist Iraq, formally the Iraqi Republic until 6 January 1992 and the Republic of Iraq thereafter, covers the History of Iraq, national history of Iraq between 1968 and 2003 under the rule of the Ba'ath Party (Iraqi-dominated faction), Arab Socialist Ba'ath Party. This period began with high economic growth and soaring prosperity, but ended with Iraq facing social, political, and economic stagnation. The average annual income decreased both because of external factors such as the heavy sanctions placed on Iraq by Western countries and the internal policies of the Iraqi government. President of Iraq, Iraqi President Abdul Rahman Arif and Prime Minister of Iraq, Iraqi Prime Minister Tahir Yahya were ousted during the 17 July Revolution, 17 July coup d'état led by Ahmed Hassan al-Bakr of the Ba'ath Party, which had previously held power in 1963 and was led primarily by al-Bakr—who served as its leader—and Saddam Hussein.''Saddam (name), Saddam'', pronounced , is his personal ...
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Escrow
An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word , meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed. Types Escrow generally refers to money held by a third party on behalf of transacting parties. It is mostly used regarding the purchase of shares of a company. It is best known in the United States in the context of the real estate industry (specifically in mor ...
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Presidency Of Ronald Reagan
Ronald Reagan's tenure as the 40th president of the United States began with his first inauguration on January 20, 1981, and ended on January 20, 1989. Reagan, a Republican from California, took office following a landslide victory over Democratic incumbent President Jimmy Carter in the 1980 presidential election. Four years later, in the 1984 election, he defeated Democrat former vice president Walter Mondale to win re-election in a larger landslide. Reagan was succeeded by his vice president, George H. W. Bush. Reagan's 1980 election resulted from a dramatic conservative shift to the right in American politics, including a loss of confidence in liberal, New Deal, and Great Society programs and priorities that had dominated the national agenda since the 1930s. Domestically, the Reagan administration enacted a major tax cut, sought to cut non-military spending, and eliminated federal regulations. The administration's economic policies, known as "Reaganomics", were insp ...
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Oxford University Press
Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books by decree in 1586, it is the second oldest university press after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics known as the Delegates of the Press, who are appointed by the vice-chancellor of the University of Oxford. The Delegates of the Press are led by the Secretary to the Delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University Press has had a similar governance structure since the 17th century. The press is located on Walton Street, Oxford, opposite Somerville College, in the inner suburb of Jericho. For the last 500 years, OUP has primarily focused on the publication of pedagogical texts and ...
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International Affairs (journal)
''International Affairs'' is a 100-year old peer-reviewed academic journal of international relations. Since its founding in 1922 the journal has been based at Chatham House, the Royal Institute of International Affairs. It has an impact factor of 5.957 and a ranking of 6th in the world in International Relations journals the 2021 ISI ''Journal Citation Reports''. It aims to publish a combination of academically rigorous and policy-relevant research. It is published six times per year in print and online by Oxford University Press on behalf of Chatham House. In its 100-year history ''International Affairs'' has featured work by some of the leading figures in global politics and academia; from Mahatma Gandhi and Che Guevara to Joseph S. Nye and Susan Strange History 1922–1945 In the wake of the First World War, the British (later Royal) Institute of International Affairs was established in 1920. It was based at Chatham House in London. Two years later the first issue of its jo ...
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List Of Countries By GDP (nominal) Per Capita
The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Therefore, these figures should be used with caution. GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. (''See'' List of countries by GDP (PPP) per capita.) PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, ...
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2003 Invasion Of Iraq
The 2003 invasion of Iraq was a United States-led invasion of the Republic of Iraq and the first stage of the Iraq War. The invasion phase began on 19 March 2003 (air) and 20 March 2003 (ground) and lasted just over one month, including 26 days of major combat operations, in which a combined force of troops from the United States, the United Kingdom, Australia, and Poland invaded Iraq. Twenty-two days after the first day of the invasion, the capital city of Baghdad was captured by Coalition forces on 9 April 2003 after the six-day-long Battle of Baghdad. This early stage of the war formally ended on 1 May 2003 when U.S. President George W. Bush declared the "end of major combat operations" in his Mission Accomplished speech, after which the Coalition Provisional Authority (CPA) was established as the first of several successive transitional governments leading up to the first Iraqi parliamentary election in January 2005. U.S. military forces later remained in Iraq unt ...
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Child Mortality
Child mortality is the mortality of children under the age of five. The child mortality rate, also under-five mortality rate, refers to the probability of dying between birth and exactly five years of age expressed per 1,000 live births. It encompasses neonatal mortality and infant mortality (the probability of death in the first year of life). Reduction of child mortality is reflected in several of the United Nations' Sustainable Development Goals. Target 3.2 is "by 2030, end preventable deaths of newborns and children under 5 years of age, with all countries aiming to reduce … under‑5 mortality to at least as low as 25 per 1,000 live births." Child mortality rates have decreased in the last 40 years. While in 1990, 12.6 million children under age five died, in 2016 that number fell to 5.6 million children, and then in 2020, the global number fell again to 5 million. Rapid progress has resulted in a significant decline in preventable child deaths since 1990, with the glob ...
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Sanctions Against Iraq
The sanctions against Iraq were a comprehensive financial and trade embargo imposed by the United Nations Security Council (UNSC) on Iraq. They began August 6, 1990, four days after Iraq's invasion of Kuwait, stayed largely in force until May 22, 2003 (after Saddam Hussein's being forced from power), and persisted in part, including reparations to Kuwait. The original stated purposes of the sanctions were to compel Iraq to withdraw from Kuwait, to pay reparations, and to disclose and eliminate any weapons of mass destruction (WMD). In December 2021, Iraq's central bank announced that it had paid off its entire debt of $52 billion in war reparations to Kuwait. The UNSC imposed stringent economic sanctions on Iraq by adopting and enforcing United Nations Security Council Resolution 661 in August 1990. Resolution 661 banned all trade and financial resources with both Iraq and occupied Kuwait except for medicine and "in humanitarian circumstances" foodstuffs, the import of which was ...
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Hard Currency
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's ''hard'' status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a weak or soft currency is one which is expected to fluctuate erratically or depreciate against other currencies. Softness is typically the result of weak legal institutions and/or political or fiscal instability. History The paper currencies of some developed countries have earned recognition as hard curr ...
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Dual-use Technology
In politics, diplomacy and export control, dual-use items refers to goods, software and technology that can be used for both civilian and military applications.''Exporting dual-use goods.''
European Commission (accessed Aug 2022)
More generally speaking, dual-use can also refer to any goods or technology which can satisfy more than one goal at any given time. Thus, expensive technologies that would otherwise benefit only civilian commercial interests can also be used to serve military purposes if they are not otherwise engaged, such as the . The "dual-use dilemma" was first noted with the discovery of ...
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United Nations Security Council Resolution 1409
United Nations Security Council resolution 1409, adopted unanimously on 14 May 2002, after recalling all previous resolutions on Iraq, including resolutions 986 (1995), 1284 (1999), 1352 (2001), 1360 (2001) and 1382 (2001) concerning the Oil-for-Food Programme, the Council extended provisions relating to the export of Iraqi petroleum or petroleum products in return for humanitarian aid for a further 180 days and approved a list of revised sanctions against the country. Its adoption streamlined the sanctions program, with restrictions on shipping civilian goods to Iraq lifted though prohibitions on weapons and military goods remained. The Security Council was convinced of the need for a temporary measure to provide humanitarian assistance to the Iraqi people until the Iraqi government fulfilled the provisions of Resolution 687 (1991) and 1284, and had distributed aid throughout the country equally. It noted that the decision to adopt a Goods Review List in Resolution 1382 that ...
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