Abstract

Iraq is considered one of countries that own abundant base of physical, natural, human and financial resources, but the political environment, wars, arming and international sanctions that Iraq had suffered for more than two decades, in addition to the political change after 2003 and the destruction of institutional infrastructure, and corruption caused by sectarian and partisan quotas in the public institutions have led to a high negative impact on the Iraqi society. Moreover, terror and security turmoil became as an obstacle that hinder attempts for advancing the Iraqi economy, and enhancing level of growth and the sustainable development. However, the current study tries to present the dimensions of all issues mentioned above in order to introduce the possible mechanism to beat it as suitable solutions that can avail an accepted standard of living. This could be a base for the policies of reformation program which assumes that ""the offered suggestions by the economic policies to face the Iraqi economy problems will insure the success of economic reformation program and set it on the true path toward growth, diversification and development in light of efficient and fair national economic administration"". Finally, the study has introduced a set of suggestions regarding the possible reformation procedures for the Iraqi economy conditioned by developmental programs in the short, medium and long term.

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