Reading Polanyi in Erbil: understanding socio-political factors in the development of Iraqi Kurdistan

ABSTRACT

The Kurdistan Regional Government emerges out of the chaos of post-Saddam Iraq as a rare positive, providing both political stability and economic growth. However, the outward display masks a more complex domestic settlement where the trappings of the free market coexist with political parties who are significant economic actors. How can this model of development in Iraqi Kurdistan be explained? Turning to the writings of political economist Karl Polanyi, does his thinking on relations between society and economy offer a way to unpack the development? And what does this analysis tell us of prospects for Iraqi Kurdistan?