The Role of Foreign Direct Investment in Achieving Sustainable  Development in Iraq: An Analytical Study for The Period of  2010-2018

Haider Kadhim  Mahdi; Abdulmahdi Raheem  Hamza; Yousif Mousa  Sabti

doi:10.48165/sajssh.2021.2601

Authors

Haider Kadhim Mahdi University of Al-Qadisiyah, College of Administration and Economics, Department of Economics.
Abdulmahdi Raheem Hamza Al-Mustaqbal University College, Department of administration.
Yousif Mousa Sabti Phd, Department of Business Administration, School of Business, University Utara Malaysia, Malaysia.

DOI:

https://doi.org/10.48165/sajssh.2021.2601%20

Keywords:

Foreign direct investment, Sustainable development

Abstract

This study aims to demonstrate the role of foreign direct investment in achieving sustainable development in Iraq. The Iraqi Investment Law No. (13) for the year 2006 and the amendments attached to it for the years 2009 and 2015 serve as a legal cover to grant many privileges and tax exemptions to foreign investors in order to attract more of them into the country. As Iraq is a developing country, it is in dire need of foreign direct investment to advance its economic and service reality by financing development programs and plans. The need for direct foreign investments to be directed towards the productive sectors.

References

Abboud, S. (2009). Failures (and successes?) of neoliberal economic policy in Iraq. International Journal of Contemporary Iraqi Studies, 2(3), 425-442.

Abdullah, Y., Ahmad-Zaluki, N. A., & Abd Rahim, N. (2019). Supply chain strategy in initial public offering in Malaysia: A review of long-run share price performance. International Journal of Supply Chain Management, 8(4).

Abdullah, Y., Ahmad-Zaluki, N. A., & Abd Rahim, N. (2021). Determinants of CSRD in non Asian and Asian countries: A literature review. Journal of Global Responsibility, 12(1).

Al-Ameeri, A., & Al Samarai, H. (2017). A Thorough analysis of the effects of foreign direct investment on the financial account of the Iraqi balance of payments for the period (2003-2015). Journal of World Economic Research, 6(3), 34.

Al-Mashhadani, A. R. (2018). Political stability and its role in attracting foreign direct investment to Iraq, Iraqi Economists Network, p3.

Aman-Ullah, A., Aziz, A., Ibrahim, H., Mehmood, W., & Abbas, Y. A. (2021). The impact of job security, job satisfaction and job embeddedness on employee retention: an empirical investigation of Pakistan’s health-care industry. JOURNAL OF ASIA BUSINESS studies, DOI 10.1108/JABS-12-2020-0480.

Beirman, D. (2020). Restoring tourism destinations in crisis: A strategic marketing approach. Routledge.

Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth. Journal of international Economics, 45(1), 115-135.

Hamid, M., &Abdullah, Z. H. (2018). The impact of foreign direct investment flows on economic growth in the Kurdistan region for the period (2006-2015). Anbar University Journal of Economic and Administrative Sciences, 21(21), 76-90.

Hussein. N. (2010). A comparative study between the Federal Investment Law No. 13 of 2006 and the Kurdistan Investment Law No. 4 of 2006. Journal of Legal Sciences, 25(2), 385-394.

Kadim, J. R., Sabti, Y. M., Ali, G., & Shliot, S. M. (2021). Organizational justice and its impact on achieving marketing prowess: Analytical study in Samawah cement factory. South Asian Journal of Social Sciences and Humanities, 2(1), 168-184.

Kadim, J. R., Sabti, Y. M., Ali, G., Rizvi, T., Shaltag, K. H., Abbas, Y. A., & Shliot, S. M. (2021). The moral intelligence of the worker and its impact on the organizational prowess: An exploratory study of the opinions of a sample of Kufa cement plant workers. South Asian Journal of Social Sciences and Humanities, 2(4), 117-137.

Kurtishi-Kastrati, S. (2013). The effects of foreign direct investments for host country's economy. European Journal of Interdisciplinary Studies, 5(1).

Mehmood, W., Mohd-Rashid, R., & Ong, C. Z., & Abbas, Y. A. (2021). Factors driving IPO variability: evidence from Pakistan stock exchange. Journal of Economics, Finance and Administrative Science, DOI 10.1108/JEFAS-04-2021-0036.

Milton, S. (2021). Universities in post-2003 Iraq: Coalition and Iraqi responses to violence and insecurity. In Four Dead in Ohio. Emerald Publishing Limited.

Mohammed, M. A., & Hassan, A. K. (2021). Effect of promotion on medical tourism development planning in Iraq (A survey of the views of a sample of the community). PalArch's Journal of Archaeology of Egypt/Egyptology, 18(4), 4763-4786.

Omar, D. A. (2007), the impact of exports on the flow of foreign direct investment in selected Arab countries. Al-Rafidain Development Magazine, 86(29), 137-150.

Rasham, M. H. (2019). In light of the volume of foreign direct investment in Iraq for the period 2005-2012, legislative reforms and realistic statistics, Al-Muthanna. Journal of Administrative and Economic Sciences, 9(2), 270-271.

Rashid, N. T., & Sadiq. (2019). Unemployment rates in Iraq and the extent of the contribution of loans granted by banks to finance small and medium enterprises in reducing them. Journal of Financial and Accounting Studies, 14(49), 17-26.

Sabti, Y. M., & Ramalu, S. S. (2020). The effect of home country push factors on intention to migrate among professionals: A conceptual framework. Journal of Seybold Report, 1533, 9211.

Sabti, Y. M., & Ramalu, S. S. (2020). The effect of political push factors on intention to migrate: the mediating role of psychological distress among professionals: a conceptual framework. PalArch's Journal of Archaeology of Egypt/Egyptology, 17(8), 1028-1045.

Sabti, Y. M., & Ramalu, S. S. (2021). The effect of home country economic push factors on intention to migrate: The mediating role of psychological distress; a conceptual framework. International Journal of Rehabilitation and Special Education, 1(1), 1-12.

Shabbir, M. S., Kassim, N. M., Faisal, M., Abbas, M., & Sabti, Y. M. (2018). Poverty reduction through Islamic modes of finance. The Journal of Social Sciences Research, 58-65.

Shihab, K. A. (2019). Opportunities of attracting the direct foreign investment to Iraq with focusing on the petroleum sector. AL-Anbar University journal of Economic and Administration Sciences, 11(26).

Shihab, K. A. (2020). Opportunities to attract foreign investment to Iraq with a focus on the oil sector, a previously mentioned source, p. 88.

Yasser, M, A. (2019). Improving the business environment and its role in reducing unemployment in Iraq. Iraqi Journal of Economic Sciences, 6, 57-58.