Political Economy of Imperialism in Iraq

Abstract

The growing influence of America in the global economy coupled with her protectionist policies in the recent time have put pressure to comity of transitional states especially African and Middle East. The invasion of Iraq by America is the driven factor of former’s oil deposits that had been a source of interest to America. Meanwhile, Americans had over the years accused Iraq of harboring Weapons of Mass Destruction, an antic for her imperialist expedition. However, it is against this backdrop that the study geared toward appreciating co-factor variables of imperialism that had influenced American’s interest on Iraq and the attendant implication to the economies of two actors. The paper utilized mixed method approach and analyzed using analytic induction. The theoretical framework of analysis was anchored on the economic radical theory, a strand of Marxian theory of economic structuralism. The finding of the study reveals that despite the established Westphalia Treaty of 1648 on the sovereignty of nation states, Americans had devoid odds and invaded, plundered the economy of Iraq. The paper strongly recommends among others; sanctioning of America for neglecting the world standing order on sovereignty of states. Also, Iraq needs to be compensated by America through reconstruction and rehabilitation.