Includes bibliographical references (p.213-223)

Chapter 1. Introduction and summary -- 1.1. The oil economies -- 1.2. The Hypothesis -- 1.3. The case of Iraq -- 1.4. Plan of the study -- Chapter 2. Iraq's oil : a historical background Introduction -- 2.1. A Middle Eastern oil concession -- 1. The early attempts -- 2. Iraq Petroleum Company (IPC) -- 3. The Red-Line Agreement and international oil cartel -- 2.2. Iraq - IPC : terms of agreements and sources of conflict -- 1. Terms of the oil concessions -- 2. The oil output level and oil posted prices -- 3. Other disputed questions -- 4. Decree no. 80 of 1961-- 2.3. Nationalization -- 1. The formation of OPEC -- 2. The end of the IPC -- Chapter 3. Iraq's economy : the setting introduction -- 3.1. The general features -- 3.2. the crude oil sector -- 1. Production, reserve and government receipts -- 2. Aggregate supply role of oil revenues -- 3. Aggregate demand role of oil revenues -- 3.Agriculture -- 1. The Agrarian reform -- 2. Production and productivity -- 3.4 Industry -- 1. The emergence of the public sector -- 2. Performance and current face -- 3.5. The income distribution -- 3.6. The political management -- Chapter 4. Development planning -- Introduction -- 4.1. The development effort 1950-1960 -- 4.2. The detailed economic plan 1961-1965 -- 1. Targets and frame -- 2. Allocations of investment and projects selection -- 3. Growth rates -- 4.3. The five-year economic plan 1965-1969 -- 1. Targets and aggregate variables -- 2. Projects selection -- 3. Implementation -- 4.4The National Development Plan 1970-1974 -- 1. The original plan -- 2. Amendments of the plan -- Chapter 5. The absorptive capacity and development determinants introduction -- 5.1 The concept of absorptive capacity -- 5.2 The development determinants -- Chapter 6. The theory of exhaustable resources introduction -- 6.1 Rent in the extractive industries -- 6.2 The pure theory of exhaustion -- 6.3 Inevitable imperfection -- 6.4 Price and output models for the world oil market -- Chapter 7. A model for simultaneous determination of oil production and investment programs -- 7.1 Allocation of an exogenously determined oil revenue - a critique -- 7.2 A model for an oil production program - the framework -- 7.3 The structure of the model -- 1. The objective function -- 2. The behavioral equations -- 3. The definitional equations -- 4. Policy constraints -- 7.4 The data -- 7.5 The primary solutions -- Chapter 8. Consequences of oil revenue inflow and outline of an oil production strategy -- Introduction -- 8.1 Consequences of oil rent inflow -- 1. Economic consequences -- 2. Socio- political consequences -- 8.2 An oil production strategy