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Dr.. Ali Khudair Mirza *: The book of the Iraqi economy: crises and development

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Dr.. Ali Khudair Mirza *: The book of the Iraqi economy: crises and development

By Dr. Ali Merza
- Posted on 18/08/2018


First: Introduction

This book deals mainly with the course of economic development in Iraq, including the most important elements and stages and factors that have affected it, during its modern history, which extends for a relatively long time.

This includes addressing key sectors, policies, development strategies, economic relations, natural and human resources, etc.

As a result of Iraq's exposure to numerous political, social and geopolitical crises during this history, the presentation and analysis of this development takes into account these crises as one of the main factors influencing it, and possibly affected by it.

However, it is appropriate to note that the interpretation and analysis of the causative factors of these crises falls outside the scope of this book.

Given this long history, it is clear that some of these crises, in their dimensions and impact, have not been temporary or temporary.

Another dimension emerged in the 1950s, in the form of a rent trap, after an agreement of 50% of the oil profits, and then continued as a result of the increase in oil revenues in the subsequent decades.

The oil revenues have contributed to the high standard of living of the population, especially during the "years of construction", by increasing the financial capacity of the general budget in financing the construction of infrastructure and educational and health structures and the establishment of production and service units,

However, in the absence of socially and politically agreed criteria and controls to ensure its proper use, it also contributed to the internal social / political conflict and to external conflicts and the destruction and devastation involved.

Economically, the crises that Iraq has suffered over the past four decades, although it is one of a series of crises in its recent history, have been the longest and most severe.

The most important victim during these decades was the absence of a long-term view and appropriate development policies and strategies accompanying them.

The Iraqi economy has become a crisis economy rather than an economy of performance and sustainable development.

This has contributed to the inefficiency of the governmental administrative and planning apparatus, which should have been the most important manifestation of the national trend in achieving sustainable development and progress.

The question then, with this view of history and the possibility of its continuation, why this book?

In fact, the author believes that the presentation and the economic analysis of the book, including the implications and effects of rent traps, on the one hand, and the interaction of community relations on the other, on management, economic policies and development strategies, The possibilities of escaping it and achieving economic diversification.

This, in turn, helps formulate strategies, programs and paths to achieve sustainable economic development that contributes to social peace and national reconciliation in Iraq.

To continue reading please download the PDF file for easy reading and printing. Click the link below:

Merza_Summary_Iraqi_Economy_Crises _ & _ Development1_2018

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