The economic importance of transportation and the circular economy of Iraq

Ghanim Ahmed Kamil (), Cristian-Silviu Banacu () and Mamoun Walid Aridah ()
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Ghanim Ahmed Kamil: The Bucharest University of Economic Studies (ASE)
Cristian-Silviu Banacu: The Bucharest University of Economic Studies (ASE)
Mamoun Walid Aridah: The Bucharest University of Economic Studies (ASE)

Smart Cities International Conference (SCIC) Proceedings, 2020, vol. 8, 103-111

Abstract: Transportation is of great importance in supporting the economy of Iraq and its one of the elements in the process of developing a strategic plan for the infrastructure of Iraq, where the concept of transportation and its importance is the mainstay of life, and the contribution of the transport sector to economic development is evident in that it helps effectively in linking production areas with consumption areas and in securing the movement of individuals And the transportation of raw materials and goods to and from investment areas, as it is considered a catalyst in the exploitation of natural resources, especially minerals, which are often concentrated in remote and sparsely populated areas, and the importance of the transport sector in the employment of manpower and the provision of Employment opportunities for a large segment of the population, whether in the field of transport itself or in other fields related to it or affected by its development; Consequently, the contribution of this sector must be recognized in absorbing the increasing numbers of people entering the workforce and thus in solving the problem of unemployment and the many social ills that result from it. besides, the provision of transportation of various kinds contributes significantly to the increase in cultural exchange between peoples and thus supports the development Human thought and the flourishing of science and the spread of its gains to spread to all countries of the world, and also transportation plays a major role in supporting and renewing the economic cycle of Iraq, as this research aims to clarify all the concepts and factors that affect the formation of the Iraqi economy.

Keywords: investment; economic environment; investment in transportation (search for similar items in EconPapers)
JEL-codes: O35 (search for similar items in EconPapers)
Date: 2020
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