search query: @indexterm World economy / total: 427
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| Author: | Bloom, J. |
| Title: | War in Iraq: Who Will Pay? |
| Journal: | Accountancy
2003 : MAY, VOL. 131:1317, p. 30-31 |
| Index terms: | IRAQ UNITED KINGDOM USA WAR WORLD ECONOMY |
| Language: | eng |
| Abstract: | The article looks at the economic consequences of the war and discovers that poor trade relations between the US and the EU could make losers all population of UK. The US is taking money away from its highly-efficient and productive private sector and spending it on less productive things, like border controls. In the long-term that is likely to work to the detriment of the US and therefore the world's economy. The authors supposes that the really important and potentially dangerous economic consequences of the war in Iraq is that America is angry. In a trade row between the US and Europe the UK would be drawn into the fight on the side of the EU. Perhaps it is time to start reading upon EU powers over trade talks, tariffs, subsidies and taxation policy. |
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