An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region
Over the past decade, Kurdistan Region of Iraq has made countless progress in many areas. However, these areas require significant flexibility to meet the local needs and the region is highly dependent on oil and gas resources. In the first quarter of 2020, the new cabinet submitted a bill to parlia...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Tishk International University
2023-01-01
|
| Series: | International Journal of Social Sciences & Educational Studies |
| Subjects: | |
| Online Access: | https://ijsses.tiu.edu.iq/index.php/volume-10-issue-1-article-8/ |
| _version_ | 1797426077544480768 |
|---|---|
| author | Karwan H. Sherwani Waqar Ahmad |
| author_facet | Karwan H. Sherwani Waqar Ahmad |
| author_sort | Karwan H. Sherwani |
| collection | DOAJ |
| description | Over the past decade, Kurdistan Region of Iraq has made countless progress in many areas. However, these areas require significant flexibility to meet the local needs and the region is highly dependent on oil and gas resources. In the first quarter of 2020, the new cabinet submitted a bill to parliament to diversify the economy system of different sectors like, oil and gas, agriculture, construction, natural resources, ICT, Tourism, Trade, Manufacture units, Banking, Education, Handicraft Oil & Gas, transportation, FMCG, Higher Education & Scientific Affairs, Health, Social Affairs, Housing & Road Sector, Youth and Culture Sectors. The purpose of this paper is to discuss the factors that hinder economic developments in Kurdistan region. The factors that play an important role in economic development of country/region which consists of poverty, infrastructure, transportation, trade and many other factors. The study is based on exploratory research and used secondary data to explore the factors that hinder the economic development in Kurdistan Region. Moreover, the factors in economics development contributes to the improvement of Kurdistan region development, and what policy recommendations can be made to create a resolution of hindrances. This paper argued that Kurdistan region’s economy is heavily dependent on economic factors, and current revenue is not sufficient and effective for the economic factors of the economy to diversify the income in long run and which creates economic development hindrances based on the contribution of factors to the economy of the Kurdistan region. |
| first_indexed | 2024-03-09T08:25:08Z |
| format | Article |
| id | doaj.art-fc298ee0413b41b58a3a943614509ad5 |
| institution | Directory Open Access Journal |
| issn | 2409-1294 2520-0968 |
| language | English |
| last_indexed | 2024-03-09T08:25:08Z |
| publishDate | 2023-01-01 |
| publisher | Tishk International University |
| record_format | Article |
| series | International Journal of Social Sciences & Educational Studies |
| spelling | doaj.art-fc298ee0413b41b58a3a943614509ad52023-12-02T21:30:22ZengTishk International UniversityInternational Journal of Social Sciences & Educational Studies2409-12942520-09682023-01-01101829210.23918/ijsses.v10i1p82An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan RegionKarwan H. Sherwani0Waqar Ahmad1Business and Management Department, Tishk International University, Kurdistan Region, Erbil, IraqAccounting Department, Tishk International University, Kurdistan Region, Erbil, IraqOver the past decade, Kurdistan Region of Iraq has made countless progress in many areas. However, these areas require significant flexibility to meet the local needs and the region is highly dependent on oil and gas resources. In the first quarter of 2020, the new cabinet submitted a bill to parliament to diversify the economy system of different sectors like, oil and gas, agriculture, construction, natural resources, ICT, Tourism, Trade, Manufacture units, Banking, Education, Handicraft Oil & Gas, transportation, FMCG, Higher Education & Scientific Affairs, Health, Social Affairs, Housing & Road Sector, Youth and Culture Sectors. The purpose of this paper is to discuss the factors that hinder economic developments in Kurdistan region. The factors that play an important role in economic development of country/region which consists of poverty, infrastructure, transportation, trade and many other factors. The study is based on exploratory research and used secondary data to explore the factors that hinder the economic development in Kurdistan Region. Moreover, the factors in economics development contributes to the improvement of Kurdistan region development, and what policy recommendations can be made to create a resolution of hindrances. This paper argued that Kurdistan region’s economy is heavily dependent on economic factors, and current revenue is not sufficient and effective for the economic factors of the economy to diversify the income in long run and which creates economic development hindrances based on the contribution of factors to the economy of the Kurdistan region.https://ijsses.tiu.edu.iq/index.php/volume-10-issue-1-article-8/economics factorseconomics developmentkurdistan regioniraq |
| spellingShingle | Karwan H. Sherwani Waqar Ahmad An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region International Journal of Social Sciences & Educational Studies economics factors economics development kurdistan region iraq |
| title | An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region |
| title_full | An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region |
| title_fullStr | An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region |
| title_full_unstemmed | An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region |
| title_short | An Exploratory Study of Economic Factors That Hinder Economic Development of Kurdistan Region |
| title_sort | exploratory study of economic factors that hinder economic development of kurdistan region |
| topic | economics factors economics development kurdistan region iraq |
| url | https://ijsses.tiu.edu.iq/index.php/volume-10-issue-1-article-8/ |
| work_keys_str_mv | AT karwanhsherwani anexploratorystudyofeconomicfactorsthathindereconomicdevelopmentofkurdistanregion AT waqarahmad anexploratorystudyofeconomicfactorsthathindereconomicdevelopmentofkurdistanregion AT karwanhsherwani exploratorystudyofeconomicfactorsthathindereconomicdevelopmentofkurdistanregion AT waqarahmad exploratorystudyofeconomicfactorsthathindereconomicdevelopmentofkurdistanregion |