THE ROLE OF PRIVATE SECTOR INVESTMENT IN THE TOURISM DEVELOPMENT OF NAJAF GOVERNORATE

Abstract

The contemporary world is witnessing critical economic developments on multiple levels. International productive integration began as a result of the scientific and technological revolution. There is a growing role of some international institutions such as the World Trade Organization, the International Monetary Fund, and the International Bank for Reconstruction and Development. Economic blocs such as the European Union, ASEAN, and NAFTA exist. These developments constitute tributaries that favor globalization, representing the general picture of the current global economy, which is led by advanced capitalist economies.