Abstract

The emphasis on investment as a basic and strategic component of a country’s economic and social development should perhaps not be overdone. It is not, of course, the only component, for there are other strategic factors, such as entrepreneurial ability, the required skills and know-how, the efficient utilization of resources, political and social stability, and other elements that complement the factor of capital. But investment remains one of the most important determinants of a country’s economic growth. An examination of Iraq’s investment policies at this point is thus quite timely, particularly in view of the special conditions the country is currently experiencing after its emergence from a war that proved long, costly, and far-reaching in its economic and social ramifications.