Title: Iraq's Post-Shock Economy: Economic Impacts and Remedies
Authors: Dr. Hind Ghanem Mohammed Al-Mahna, Dr. Ahmed Abbas Abdul Hussein, Dr. Raja Jaber Abbas
Volume: 8
Issue: 8
Pages: 117-126
Publication Date: 2024/08/28
Abstract:
The research focused on studying some of the shocks that Iraq went through after 2003, such as: the shock of the terrorist organization ISIS, which seized an important area of the country, which formed the need to face the growth of military spending and the reduction of investment spending. This coincided with the sharp decline in oil prices. This stage was called the double shock, as well as another shock in 2020 , represented by the Corona virus (Covid-19 ). The focus was on developing solutions and treatments for the Iraqi economy, especially after the shocks to which Iraq was exposed. Therefore, the basic aspects of the sustainable reform process should be identified, and then economic policies should be formulated in a way that ensures the optimal use of material and human resources and achieves efficiency in various economic sectors. The research concluded that Iraq has important resources that can be relied upon to face shocks, achieve development, and sustainable reform, and reached the importance of working to reform economic policy in all its pillars, in a manner that provides the appropriate conditions for the Iraqi economy, to move it towards a free or disciplined market economy, and in one package.