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| | CERA News |
 | | As the latest of the transition economies, Iraq has within it the ability to succeed. But, writes Daniel Yergin in the Washington Post, it will take time, investment, and an understanding of the new rules of the game. |
 | | As a transition economy, Iraq has several strengths, beginning with a well-educated, technologically adept population. |
 | | As the Russians found in the 1990s, to move from a “bazaar” to a market economy requires the establishment of the rule of law, the sanctity of contracts and respect for property rights—which does not happen overnight. |
| www.cera.com /news/details/print/1,2317,5516,00.html (657 words) |
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