Economic contributions to small industrial projects (Selected international experiences with special reference to Iraq)

Abstract

Abstract:

Most of the studies on this subject, small industrial projects, by researchers and scholars in the economic field show the great and increasing importance of doing this kind of projects, the extent of which can be determined by the contribution of these projects to indicators and macroeconomic and sectorial variables. So this research aims to show the extent of the economic contribution of projects in selected international experiences and in the Iraqi economy. As international experiences have provided the opportunity for the progress and growth of small projects in their economies, which led to an increase in the contribution of these projects in the recruitment of economically active manpower, in added value and in the industrial sector, which contributed to upgrading the level of living for their communities and reduce the rates of unemployment, to generate an income source. The study also aims to analyze the reality of small industrial projects in Iraq in light of the obstacles and challenges faced by these projects in order to formulate measures that improve the economic level of small projects. Thus increasing their contribution to the indicators of GDP, industrial production and the level of employment.

The research finds that the contribution of small industrial projects to Iraq's GDP is relatively low, meanwhile the contribution of these projects to industrial production and to the operation process have been oscillation characterized by relative due to the correlation of these indicators with the economic, political and security situation in Iraq. Therefore, these projects must be supported by financing their investments, in addition to helping them to employ research, innovations and inventions in the practical aspect, thus contributing in increasing the role of these projects in the economic aspect.