The Development Failure in Iraq After 2003: The Reasons and Scenarios

Abstract

This article focuses on exploring the reasons for the failure of economic development policies in Iraq. Development is the result of the interaction of a large number of economic, social, political, and cultural components, which focus on the human being, and development is a state that can be achieved by eliminating the characteristics of underdevelopment and acquiring the characteristics prevailing in developed countries. In Iraq, economic development due to internal and external wars and long years of sanctions witnessed many problems that led to a quantitative and qualitative decline in development indicators. In addition, many challenges have emerged, including dependence on oil, a change in the structure of production, the spread of financing, and administrative corruption. Therefore, the economic planners in Iraq should discuss the development alternatives available to it at present, put forward the most appropriate alternative to its reality and the requirements of its new renaissance, and establish high-yielding productive projects and productive assets that retain their value and can increase this value for the benefit of this generation as well as future generations.