Year 2019, Volume 5 , Issue 15, Pages 1414 - 1422 2020-01-14

FEATURES OF IRAQI ECONOMY: COMPARTIVE STUDY TO SOME ECONOMIC ELEMENTS FOR THE YEARS (1990-1995-2000-2005-2010-2015-2019)

Mstfa Rasool FAKHİR [1] , Alaa Kadhim FARHAN [2]


Iraq is considered as a rich country with multiple natural resources, but wars and financial and political crises led to the destruction of the country's infrastructure and prevented the investment and distribution of those recourses in a fair and just ways, as Iraq is still suffering from unemployment, poverty and lack of essential services which have stopped the wheel of industry and agricultural lands receded significantly, so the country transformed into a consuming country depends only on neighboring countries and industrialized countries to secure its agricultural and industrial needs. The results of the study were shocking as the Iraqi government depends mainly on exporting of oil to cover its operational and investment expenses in more than (85%), and neglected the rest of the economic sectors. As for poverty, the percentage of those who fall below the poverty line (23%) as well as the unemployment rate that exceeded (23%). The country's debt has recently reached ($133) billion, and the latest reports by Transparency International organization considered Iraq as one of the worst (20) countries in terms of administrative and financial corruption.

Iraqi economy, unemployment, poverty, investment, industry, oil exporting
  • Research and Publications 1- Akli Fadila, Unemployment Definition and Causes, University of Batna, 2012, Algeria. 2- Abul-Enein Suzan Hassan, Poverty in the Arab Countries, International Journal of Economics and Trade, No. 4 (p. 115), 2004, Ain Shams University, Cairo. 3- Waheeb Ali and Saleh Abdullah, the impact of oil price changes on the growth rates in Iraq (1990-2013), Journal of Management and Economics, Issue No. (180) Baghdad, 2016. 4- Hamdallah Abu Mezher, The Mechanisms of Economic Reform in Iraq and the Dialectic of its Relation to the Oil Revenue (1922-2012), Al-Kout Journal for Economic and Administrative Sciences, No. 28, Part I, Wasit, 2017. 5- Kazem Mahdi Kamel, readings in federal budgets (2015-2019), the network of Iraqi economists, Baghdad, 2019. Reports and Statistics 1- International Bank for Reconstruction and Development - World Development Report, 1990. 2- Central Bank of Iraq, Directorate of Statistics and Research, Annual Reports of the Bank (1980-2003). 3- Ministry of Planning, Central Statistical Organization and Information Technology, Statistical Group Reports Years (1990-1995-2000-2005-2010-2015-2019. 4- Ministry of Finance, Budget Department, Periodical Publications for the period (2003-2017). Web sites Wikipedia The Free Encyclopedia https://en.wikipedia.org/wiki/Corruption_Perceptions_Index))
Primary Language en
Subjects Social
Journal Section Articles
Authors

Author: Mstfa Rasool FAKHİR
Country: Iraq


Author: Alaa Kadhim FARHAN
Country: Iraq


Dates

Publication Date : January 14, 2020

EndNote %0 International E-Journal of Advances in Social Sciences FEATURES OF IRAQI ECONOMY: COMPARTIVE STUDY TO SOME ECONOMIC ELEMENTS FOR THE YEARS (1990-1995-2000-2005-2010-2015-2019) %A Mstfa Rasool FAKHİR , Alaa Kadhim FARHAN %T FEATURES OF IRAQI ECONOMY: COMPARTIVE STUDY TO SOME ECONOMIC ELEMENTS FOR THE YEARS (1990-1995-2000-2005-2010-2015-2019) %D 2020 %J IJASOS- International E-journal of Advances in Social Sciences %P 2411-183X-2411-183X %V 5 %N 15 %R doi: 10.18769/ijasos.592113 %U 10.18769/ijasos.592113