Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis
Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and profound economic and humanitarian crises. Compounding the ISIS-related crisis, the sharp decline in global oil prices has resulted in...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/08/26740626/iraq-economic-monitor-labouring-through-crisis http://hdl.handle.net/10986/25176 |
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okr-10986-251762021-05-25T08:51:47Z Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis World Bank CONFLICT FRAGILE GROWTH MANAGEMENT FINANCE Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and profound economic and humanitarian crises. Compounding the ISIS-related crisis, the sharp decline in global oil prices has resulted in significant decline in oil export revenues. Implementation of political reforms, announced in August 2015, has been slow due to constitutional constraints and systemic resistance to changes. Iraq’s economic prospects are subject to significant risks. Iraq has recently achieved some important steps towards strengthening its investment climate, but much remains to be done. An attractive investment climate is integral to economic growth and poverty reduction. A key task of the government is to balance the interests of society and individual firms. A stronger investment climate does not equate with a more comfortable life for individual firms. The government must manage these trade-offs: global analysis of the World Bank’s investment climate surveys shows that firms facing strong competition are on average fifty percent more likely to innovate than firms reporting no such pressure. Innovation, in turn, is a key ingredient for productivity improvement. The special focus section explores the different aspects of the investment climate in order to better understand their importance. With this background, the authors then look at Iraq’s investment climate and recent efforts to strengthen it. Finally, the authors look at priorities for improving Iraq’s investment climate going forward. 2016-10-17T18:55:00Z 2016-10-17T18:55:00Z 2016-06 Report http://documents.worldbank.org/curated/en/2016/08/26740626/iraq-economic-monitor-labouring-through-crisis http://hdl.handle.net/10986/25176 Arabic,English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Middle East and North Africa Iraq |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
Arabic,English en_US |
| topic |
CONFLICT FRAGILE GROWTH MANAGEMENT FINANCE |
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CONFLICT FRAGILE GROWTH MANAGEMENT FINANCE World Bank Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis |
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Middle East and North Africa Iraq |
| description |
Iraq is facing daunting challenges of
Islamic State of Iraq and Syria (ISIS) insurgency, political
upheaval, and profound economic and humanitarian crises.
Compounding the ISIS-related crisis, the sharp decline in
global oil prices has resulted in significant decline in oil
export revenues. Implementation of political reforms,
announced in August 2015, has been slow due to
constitutional constraints and systemic resistance to
changes. Iraq’s economic prospects are subject to
significant risks. Iraq has recently achieved some important
steps towards strengthening its investment climate, but much
remains to be done. An attractive investment climate is
integral to economic growth and poverty reduction. A key
task of the government is to balance the interests of
society and individual firms. A stronger investment climate
does not equate with a more comfortable life for individual
firms. The government must manage these trade-offs: global
analysis of the World Bank’s investment climate surveys
shows that firms facing strong competition are on average
fifty percent more likely to innovate than firms reporting
no such pressure. Innovation, in turn, is a key ingredient
for productivity improvement. The special focus section
explores the different aspects of the investment climate in
order to better understand their importance. With this
background, the authors then look at Iraq’s investment
climate and recent efforts to strengthen it. Finally, the
authors look at priorities for improving Iraq’s investment
climate going forward. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis |
| title_short |
Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis |
| title_full |
Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis |
| title_fullStr |
Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis |
| title_full_unstemmed |
Iraq Economic Monitor, Spring 2016 : Laboring through the Crisis |
| title_sort |
iraq economic monitor, spring 2016 : laboring through the crisis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/08/26740626/iraq-economic-monitor-labouring-through-crisis http://hdl.handle.net/10986/25176 |
| _version_ |
1764458436284645376 |