Evaluating Trading Policies of Iraq in the Straying trend towards a Market Economy after 2003
Thesis Submitted
to the Council of College of Administration and Economy / University of Karbala in Partial Fulfillment of the Requirements for the Degree of M.A. IN Economic Science
BY
Shaima’a Shakir Abdullah Hussein Al.Sa’dy
Supervised by
Asst.Prof.Dr. Amar Mahmood Hameed Al.Rubaey
ABSTARCT
The idea of research is about on the importance of trade policy. Trade policy is one of the means to achieve economic development and one of the most important means through which the economy and through the tools of this policy can go towards the private sector
Trade policy is one of the macroeconomic policies that represent an important pillar for building a solid economy. It is a tool which organizes international exchange, and through it, modern technology is acquired. As well as foreign markets are opened, hard currency is provided, then jobs are created and economic growth is sustainable.
This policy in our Iraqi economy promises to be one-sided. It depends on oil as a basic commodity for export. It has great danger due to the instability of global oil prices in addition to a very clear decrease in the volume of exports of goods and services, which constituted obstacles to economic development.
The aim of the research shows the direct effects of that policy on the economic sectors in general, It is trying to find ways to move towards revitalizing the private sector and does not depend entirely on oil exports. It became clear that the Iraqi trade balance after 2003 suffers from a permanent deficit as we exclude oil revenues.
The reason is due to the decrease in the value of non-oil exports versus imports. In the fact that the production system is backward, and there is a direct relationship between the degree of freedom of trade and the balance of trade.
The purpose of export diversification should go to encourage the orientation towards the private sector and provide all facilities for the establishment of projects within the Iraqi economy. The promotion and diversification of exports necessitate finding coordination between the public and private sectors.
