Cover
Volume 7, Issue 3 (2026)

Published: September 25, 2026

Pages: 218-233

Research Article

Rentier economy and the problems of economic development in Iraq

Fawzia K. Aziz 1
1College of Political Science, University of Baghdad, Baghdad, Iraq
History
  • Received: December 15, 2025
  • Revised: December 27, 2025
  • Accepted: December 29, 2025
  • Available Online: September 25, 2026
DOI

https://doi.org/10.56967/ejfb2026770

Abstract

The Iraqi economy relies entirely on oil revenues to meet its needs and plans, highlighting the precariousness of the situation should global oil prices decline for political and economic reasons. Given that oil is a finite resource, it is imperative to pursue economic diversification and leverage all economic sectors as the cornerstone and driving force for building a robust economy and achieving comprehensive development. This necessitates good governance in implementing economic reform programs and exploring strategic alternatives to achieve economic growth. The Iraqi economy possesses alternatives and opportunities for economic diversification and various sources of income. However, it has not fully utilized its diverse natural and agricultural resources, which are crucial for supporting economic growth. Development is not merely about frameworks, institutions, and aspirations; it requires political, economic, social, and cultural prerequisites that must be organized and updated in a gradual and practical manner. It also necessitates addressing internal and external challenges that interact with evolving societal changes. This requires awareness and determination to achieve the desired goals through investment spending, increased productivity, and ultimately, a higher gross national product.

Keywords

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