Identifying Weaknesses and Possible Development Solutions for The Iraqi Economy (original) (raw)

The paper aims to identify weaknesses in the Iraqi economy, which suffers from many problems. It also attempts to suggest appropriate development solutions for Iraqi economy. The paper adopts a descriptive analytical approach to review the ideas and proposals included in the research. The results show the absence of the institutional role and confusion in immature economic policies and programs, as well as a prominent deterioration in most economic and social indicators. Therefore, it is necessary to adopt alternative policies, including diversifying the economy and activating the role of other productive sectors, establishing a sovereign fund to invest surplus oil revenues and developing them in productive investments, revitalizing the private sector and enabling it increase economic activity.

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