The Role of Digital Investment in Economic Growth in Iraq

Abstract

The economic developments on the global economic stage have contributed to a qualitative shift in economic fields. Many advanced economies now rely on modern technology, with digital economy taking the lead in these countries. This necessitates those developing countries in general, including Iraq, follow the lead of advanced economies in developing their capacities in the knowledge economy. This is crucial for sustaining their economic resources as they transition from rentier economies, which depend on a single sector and have revenues linked to the external world, making their economies vulnerable to fluctuations and instability. The research is based on the hypothesis that the emergence of the new digital investment is a result of the evolution of information and communication technology. It affects both those who possess information technology and those who lack it, consequently influencing the Gross Domestic Product (GDP). The aim is to shed light on the characteristics of this new digital investment, and to present and analyze the key outcomes of investing in the digital economy. The focus is on indicators of digital access, as well as measuring the relationship between indicators of investment in the digital economy and economic growth.