<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Foreign aid helps in transforming nations and ensuring that they attain economic development. Foreign aid levels in Iraq are higher than those of its oil-producing neighbors due to numerous factors that are discussed in the present study. Iraq is the second largest oil producer in the Middle East after Saudi Arabia, but some activities within the country have curtailed development, leaving it at the mercy of foreign nations and investors. The present study aims to evaluate the level of foreign aid in Iraq, comparing it to its oil-rich neighbors. It highlights various factors that have increased Iraq's dependence on foreign aid and the role and management of this assistance. The article shows how negative factors like war, poor governance, and corruption have contributed to the over-reliance on foreign aid, in spite of Iraqbeing endowed with natural resources. The qualitative evaluation of the development of Iraq's oil aid reveals that continued reliance on foreign aid will jeopardizes the country's economic development.</p>
</abstract>

Foreign aid helps in transforming nations and ensuring that they attain economic development. Foreign aid levels in Iraq are higher than those of its oil-producing neighbors due to numerous factors that are discussed in the present study. Iraq is the second largest oil producer in the Middle East after Saudi Arabia, but some activities within the country have curtailed development, leaving it at the mercy of foreign nations and investors. The present study aims to evaluate the level of foreign aid in Iraq, comparing it to its oil-rich neighbors. It highlights various factors that have increased Iraq's dependence on foreign aid and the role and management of this assistance. The article shows how negative factors like war, poor governance, and corruption have contributed to the over-reliance on foreign aid, in spite of Iraqbeing endowed with natural resources. The qualitative evaluation of the development of Iraq's oil aid reveals that continued reliance on foreign aid will jeopardizes the country's economic development.

The role of foreign aid in the transformation of Iraq's society and economy

International Journal of Management and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"The role of foreign aid in the transformation of Iraq's society and economy"}

Foreign aid helps in transforming nations and ensuring that they attain economic development. Foreign aid levels in Iraq are higher than those of its...

The role of foreign aid in the transformation of Iraq's society and economy

Article Category: Literature review

Published Online: Jun 30, 2022

Page range: 218 - 232

Received: Feb 26, 2022

Accepted: May 12, 2022

DOI: https://doi.org/10.2478/ijme-2022-0010

Keywords
foreign aid, Iraq, MENA, neighbors, OECD

© 2022 Hadi Jaber, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The role of foreign aid in the transformation of Iraq's society and economy

Article Category: Literature review

Published Online: Jun 30, 2022

Page range: 218 - 232

Received: Feb 26, 2022

Accepted: May 12, 2022

DOI: https://doi.org/10.2478/ijme-2022-0010

Keywordsforeign aid, Iraq, MENA, neighbors, OECD

© 2022 Hadi Jaber, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
foreign aid, Iraq, MENA, neighbors, OECD