The economic importance of diversifying income sources in Iraq, experiences of selected countries (Norway and Chile).
DOI:
https://doi.org/10.33095/jeas.v26i122.2011Keywords:
economic diversification, Iraqi economy, sovereign funds, structural imbalance.Abstract
The research dealt with a study of economic diversification indicators in Iraq and an indication of the extent to which economic diversification events are desirable in its sectors because desirable diversification events are truly the best means of targeting a fair distribution of income. The research included studying the experiences of selected countries for Norway and Chile, and studying economic indicators and policies for each of them in order to benefit From these two experiences, the research has concluded that the Iraqi economy suffers from a large concentration of the oil sector, which made the Iraqi economy unilateral in which oil represents 90% according to the Herfindel-Hirschman Index, either for Norway and Chile, its experiences have achieved great successes The role of economic and accused of sovereign funds and foreign investment and the creation of favourable conditions for the private sector as an active player in the events of the desired diversification.
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