Will Iraq be able to overcome dependence on the rentier economy?
Will Iraq be able to overcome dependence on the rentier economy?
5-26-2023
Information / Baghdad..
The economic researcher, Hisham Al-Baydani, explained that Iraq has the ability to overcome dependence on the rentier economy represented by oil exports, pointing to the importance of the development path in creating many job opportunities and linking Iraq with European countries.
Al-Baydani told Al-Maalouma, “The development road represents one of the projects that will make Iraq a large economic station, linking the Gulf countries and including ten regional countries to connect them to Turkey.”
He added, “The project is supposed to pass through nine provinces from Basra in the south to Mosul Governorate at Fishkhabour point, and it represents the beginning of openness to the continent of Europe, and thus provides tens of thousands of job opportunities for Iraqis, and rapidly develops Iraq’s relationship with the countries of the world.”
And he indicated that “the project can unite Iraqi security stability, but it needs a preliminary awareness and media campaign, especially that Iraq is trying to escape from the rentier economy towards diversifying sources.”
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