The Developmental Crises in the Iraqi Economy and the Arguments over the Economic Openness

Hind Ghanim Mohammed Al-Mhanna*, Dr. Hanan Abdulkhidhr Hashim and Hadeel Mohammed Ali Abdulhadi Al-Qamussi
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Hind Ghanim Mohammed Al-Mhanna*: Faculty of Administration and Economics, University of Kufa, Iraq
Dr. Hanan Abdulkhidhr Hashim: Faculty of Administration and Economics, University of Kufa, Iraq
Hadeel Mohammed Ali Abdulhadi Al-Qamussi: Faculty of Administration and Economics, University of Kufa, Iraq

The Journal of Social Sciences Research, 2019, 84-89 Special Issue: 1

Abstract: The Iraqi economy has suffered and continues to suffer the burden of inheritance from the previous phase of more than half a century. The study aims at illustrating the economic openness in Iraq and searching its destructive results and impacts on the society. The importance of the research lies in discussing a significant and contemporary issue that has social and political impact represented by the economic openness and its reflection on the Iraqi economy and its role in disabling the process of development. Results showed that Economic openness is a major obstacle to economic development because of the direct and negative impact of investment, as well as the country’s distortion of spending and the reduction of state revenues, as well as the delay of approved projects, The state has not yet established serious mechanisms to solve the problems facing it, but all that happening is attempts to deal with problems temporarily without going to the causes of the problem to deal with them and develop solutions to them and The decline in the contribution of the economic sectors such as the agricultural and industrial sectors to the gross domestic product, as well as the clear deterioration of all services (municipal, health, education, electricity, water, etc.).

Keywords: Crises; Iraq; Economy; Economic openness. (search for similar items in EconPapers)
Date: 2019
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