The Impact of the Balance of Payments on the Development of the Iraqi Economy (An Econometric Study for The Period 1992-2022)
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The Iraqi economy has not witnessed " a clear stability since 2003 until now due to the continuous fluctuations in the prices Global oil , which affects its annual revenues " in particular because it is a unilateral rentier economy, we find that more than 80% of Iraqi exports Oil, as it is considered the general determinant of the country's economy , while the rest of the exports are commodities of industrial and agricultural products.
On the other hand , the balance of payments did not provide a remarkable perception of the economic contraction of a country of previous years, which helps To find solutions to the economy, which is affected by fluctuations and shocks in the local, Arab and global macro economy, where the Iraqi balances varied between the deficit and surplus for previous years.The research aims to see the extent of development and growth of the Iraqi economy in light of the continuous disparity of the Iraqi balance of payments being a mirror reflecting it and contribute to finding solutions and alternatives to oil exports and commodity diversity.
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