In an interview with Charlie Rose (around 27 min on the video), in a response to a general question on Iraq's economy:
" as opposed to Afghanistan which is poor, Iraq's got a good, you know kinda fundamental basis for wealth and that is ... alot of untapped reserves"
It takes alot more than oil reserves to make a country wealthy, just ask the citizens of Angola or Nigeria.
Paradoxically being a poor nation with mineral reserves can be a curse (known as the "resource curse") & can contribute to economic stagnation.
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