The development road project and its Impact on Iraqi Economic Security
DOI:
https://doi.org/10.31272/ipj.i65.531Keywords:
development path, strategic project, economic security, IraqAbstract
The research highlights the Iraqi Development Road Project in a quantitative manner on the Iraqi economy. The distinguished project is a significant achievement in Iraq’s efforts to once again place it on the global trade and transportation map, thanks to the geo-economic advantages there, as Iraq needs a logistics center linking the Arabian Gulf to Europe via Turkey. However, the project faces complex challenges, including internal and regional security risks and political instability, as well as obstacles from parties that view it as a potential competitor to their ports and traditional international transport routes, which affects its chances of success.
The research relied on the analytical approach to study the relationship between the project and Iraqi economic security, while using the foresight approach to study and evaluate future scenarios. The results indicate that the project can contribute to strengthening Iraqi economic security by improving job opportunities, developing infrastructure, and increasing non-oil revenues. This reduces the Iraqi economy's vulnerability to oil price fluctuations. The project also strengthens Iraq's position in global supply chains, enhancing its ability to achieve financial stability. The study concludes that the success of the Development Road project depends on adopting an integrated strategy that includes infrastructure development, achieving security and stability, and building effective international partnerships. It recommends establishing an independent oversight body to ensure integrity in implementation, attract foreign investment, and enhance regional cooperation to ensure the project's sustainability and achieve its development goals.
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