Abstract
The paper analyzes historical time series data on the productive performance of the Iraqi intermediate industries pre-invasion. The primary hypothesis here is that Iraq promoted from being classified as developing to developed county in its way to establish modern industries and strong economic sectors in addition to its oil production. However, the primary economic impediment to finance such economic sectors was the financing facilities due to the continuous depletion of its economy because of war with Iran first, the preparations for war with Kuwait and what followed with the international coalition and the United States. Termination of war with Iran helped to generate unprecedented economic development which has been buried with Gulf War of 1990. Invested capital utilization in intermediate industries has deteriorated. That support previously introduced theory that even with continuous economic development efforts, expected resources were extracted from the economic sector and impeded its economic recycling for more development.
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