<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

Data publikacji: 30 cze 2022

Zakres stron: 218 - 232

Otrzymano: 26 lut 2022

Przyjęty: 12 maj 2022

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

Słowa kluczowe
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

Data publikacji: 30 cze 2022

Zakres stron: 218 - 232

Otrzymano: 26 lut 2022

Przyjęty: 12 maj 2022

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

Słowa kluczoweforeign 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.

Słowa kluczowe
foreign aid, Iraq, MENA, neighbors, OECD