ISSN: 1817-5880

Author : Abdel-Hassan Risan, Salem


The Iraqi economy in light of the rent dominance and the requirements of economic diversification for the period (2003-2015)

Musab Abdel - Thamer Hussein; Salem Abdel-Hassan Risan

Gulf Economist, Volume 33, Issue 34, Pages 117-181

The past decades of the Iraqi economy have proved that the dominance of the oil sector has not been reflected in positive results and no structural changes have taken place in its structure. The increasing reliance on this resource has made the Iraqi economy constantly subject to price fluctuations in world oil markets, which has reflected directly on Economic performance retraction and the exacerbation of the structural imbalances that create a state of economic instability. In fact, the dominance of this oil resource with this degree represents a defect in economic system administration ,therefore it is important to adopt an effective economic policies and strategies to diversify the sources of income and reform the structure of the economic sectors and change their infrastructure.