Foreign Direct Investment in Post-Conflict Countries: The Case of Iraq s Oil and Electricity Sectors

Ghassan F. Hanna, Mohamad Saleh Hammoud and Judith A. Russo-Converso
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Ghassan F. Hanna: Business Consultant - ISL Business Consulting San Diego, CA, USA
Mohamad Saleh Hammoud: Mohamad Saleh Hammoud Dean of the School of Business Administration, Arts, Sciences and Technology University in Lebanon, Lebanon
Judith A. Russo-Converso: Graduate School Dissertation Chair - Northcentral University, Prescott Valley, AZ, USA

International Journal of Energy Economics and Policy, 2014, vol. 4, issue 2, 137-148

Abstract: Foreign direct investment is new phenomenon to Iraq, a post conflict country with abundance of natural resources. With dominant state-controlled public sector, attracting foreign investment is an added challenge to an economy devastated by years of wars. A qualitative case study was conducted to assess determinants of foreign direct investment in Iraq s energy sector. Data was collected from interviews with business and government subject matter experts, and a review of publically available documents. Lack of security, political instability, corruption, and inadequate government policies towards foreign direct investment as symptoms found and typically shared by other post-conflict countries. The persistence of violence was not seen as a deterrent; however, foreign direct investment activity in the energy sector was virtually limited to the semi-autonomous region of Kurdistan. Investments were either wholly-owned or joint-venture enterprises. Implications to other post conflict countries, using Kuwait and Nigeria as illustrative examples, are presented and recommendations made.

Keywords: Foreign direct investment; Iraq; post-conflict country; energy Journal: International Journal of Energy Economics and Policy (search for similar items in EconPapers)
JEL-codes: F21 F23 O53 P28 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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