Problem
Economic destabilization of countries by external forces
Other Names:
Covert undermining of national economies Incidence:
In 1992, it was reported that a US-led destabilization campaign has targeted Iraq with vast amounts of counterfeit currency. The fake dinar notes were being smuggled across the Jordanian, Saudi, Turkish and Iranian borders in an effort to undermine the Iraqi economy and the government of Saddam Hussein. The countries behind the operation included western nations, Saudi Arabia, Iran and Israel. Counterfeit USA dollars were also being smuggled into Iraq in smaller quantities to further confound the banking system. The counterfeit notes were raising inflation and together with trade sanctions were weakening the economy to the point where local currency could become worthless.
Broader Problems:
National economic dislocationUnprotected vulnerable economiesDestabilization of social systemsAdverse economic shocks from external factors Narrower Problems:
Destabilization of national insurance markets by offshore insurersDestabilization of monetary systems and exchange notes by transnational corporations Strategies:
Destabilizing economic systemsEvaluating effects of world trade agreements on national protection standards Subject(s):
Defence → Military forcesEconomics → Economic
Economics → Economy
Societal Problems → Instability
Society → Foreign
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST