The possibility of benefiting from the Chinese experience to enhance the production structure in the Iraqi economy

Abstract

The study aims to study the reality of the Iraqi economy and to show the structural imbalances in the productive sectors and to review the flows of foreign direct investment in the Chinese experience, the extent of benefiting from that experience to analyze the effectiveness of foreign investment as a method to use it to determine future prospects, and it was based on the inductive approach and the descriptive analytical approach during the period (2010-2023). The study reached a set of results. The main reason for the importance of foreign direct investment is that it is an alternative means of financing that many countries resort to when they face a deficit in financing their investments by enhancing savings. However, all countries can benefit from foreign direct investment flows in the event that local investment is unable to enhance economic growth.

The study recommended the necessity of improving the reality of foreign direct investment in order to strengthen the production structure and diversify its sources, especially in rentier countries, so that the economy does not fall into a state of inflation by improving the investment environment, granting incentives, and issuing legislation and laws that encourage foreign direct investment.