Analyzing the reality of the Iraqi market for securities in light of financial globalization

Abstract

The Iraqi market for securities in light of financial globalization faces real challenges at the local and international levels, which were reflected in their shadows on the overall economic reality, which imposed the necessity of making fundamental changes in terms of form and content, and from here stems the research problem in the ability of the Iraqi stock market to adapt to the transformations Financial imposed by financial globalization in light of the weakness of the economic structure and its position in the global economy. The research starts from the hypothesis that the Iraqi market for securities in light of financial globalization has an important and significant role in the economic field, through its role in stimulating economic growth, in light of the financial transformations imposed by financial globalization. The study concluded that financial globalization is an inevitable phenomenon that imposes itself by force of its goal of international integration and integration with the world, reflected in its shadows by the high number of shares traded, and the occurrence of some developments in the work of the Iraq Stock Exchange, but the market's role is still limited in the national economy. Because of several problems, including the weak role of the private sector in the market. In addition to the modernity of Iraq's experience with regard to the functioning of stock markets, the absence of investment awareness, low income and the absence of a successful policy that encourages investment, as well as low rates of economic growth due to the economic and political instability in the country.