The Reality of Iraqi Economy After The 2003. | ||
| AL-dananeer | ||
| Article 1, Volume 1, Issue 8, August 2018, Pages 209-235 | ||
| Author | ||
| Ibtihal Mohammed Ridha | ||
| Abstract | ||
| Iraq's economy is described as an unilateralism for adoption huge on the oil sector and is the main source to finance the economic machine of agricultural and industrial infrastructure and public services. The heavy reliance on oil led to distortions and structural imbalances in economic sectors so the government tried, (especially in late 1977) to prepare national development plans five-year plans to reduce dependence on oil production, but the Iran-Iraq war prevented that Iraq's economy is affected by internationalization to the extent that detracted Iraqi sovereignty since 1990 through the Development Fund for Iraq and war reparations ... etc. But after the 2003 US-led invasion and the impact of declining oil production and increased poverty and system banking cash. The United States tried to issue a number of economic decisions and to call for a shift awards a market economy as the best, according to the US view. The harvest years proved dependence on the Iraqi economy stressful forces working on the looting of the Iraqi economy is like a new approach capitalist Instead of laissez-faire, which is consistent economic interest's composition and philosophy of the future. | ||
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