The Role of Foreign Investment in Developing Iraq Economy with Reference to Basrah Governorate

Ali Kassim Al-Auqbi, Dr.

	The Role of Foreign Investment in Developing Iraq Economy with Reference to Basrah Governorate
Gulf Economist
Article 1, Volume 27, Issue 19, 2010, Pages 69-125 PDF (0 K)
Author
Dr. Ali Kassim Al-Auqbi
Abstract
This paper concerns with the foreign investment role in developing Iraqi economy in general and Basrah economy in particular because it is one of the most important sources of external fund recently. The foreign investment participates in achieving the pivotal goal of development which is drawn up by United Nations in the developmental goals of the millennium. This goal is reducing poverty (in developing countries) by 2015 to the half of its prevalent level in 1990 . The foreign investment reality, directions in the world and the investment movement characterizations in Arabian countries, are reviewed in this research. In addition, the researcher highlights the prevalent investment climate in Iraq and the retardant factors of investment there. He found that the foreign investment size and its positive impacts on growth could be absent, because it depends on economy capacity extent to absorb and attract these investments. Also, this capacity is very weak in Iraq because the investment climate isn't prepared in spite of the investment law legislation and what it contains of incentives and immunities, in addition to treating the foreign investor as the national one. Nevertheless, this law doesn’t succeed in gathering foreign investment, because of other factors . Finally , the researcher arrives at the importance of creating suitable investment climate that emphasizing on activation of foreign investment attraction and direction, pursuing its execution ,removing all the difficulties and considering it as complementary element to the national investment

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