System gospodarczy Iraku
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Date
1986
Authors
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Editor
Journal Title
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Publisher
WydziaĆ Prawa i Administracji UAM
Title alternative
The Economic System of Iraq
Abstract
Both natural resources and planned economy contributed to the economic achievements
of Iraq manifested by a high, exceeding 25% rate of economic growth
(GNP) in the years 1975 -1980. Exports of the most important product of the extractive,
industry-which is oil-have the crucial importance for the country's economy.
Yet the economy is not entirely concentrated on that industry. The first place
in investment expenditures, in economic programs is occupied by the development
of manufacturing industry, which share in the 1982 GNP was up to 18%. The investments
in agriculture are also not neglected.
The State plays the vital part in the economic system of Iraq. It is controlling
the production and development according to the State economic programs. The
State's share in the production is also large on account of the existence of the State
enterprises which replaced the foreign capital in the extracting industry. The dominating
part of the national income (approximately 70%) is generated by the State
enterprises. Alongside, there are private producers operating and mixed enterprises
with the capital share of State and private persons., State firms private and mixed
companies are pursuing the market economy.
The State financial policies are oriented to control all the enterprises by means
of taxation policy as well as credit policies of banks which are State owned in
Iraq, not to mention the State price ruling. Thus the economic system of Iraq
seems to be a combination of the plan economy and State controlled market economy
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Digitalizacja i deponowanie archiwalnych zeszytĂłw RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 48, 1986, z. 3, s. 237-248