The Role of Trade Openness and its Implications for the Growth of the Iraqi Economy After 2003

Abstract

Due to its significant impact on economic growth in the context of the natural economy, the research aims to shed light on the extent of the Iraqi economys commercial openness to the outside world and the impact of that openness on some of the economic variables, as it positively affects raising the rate of economic growth as a result of competition between imported goods and the economys actual need for those goods. To do this, a few trade openness metrics for Iraq were collected and examined. The findings indicated a good correlation between GDP and trade openness. Additionally, an extensive amount of economic exposure to foreign markets is evident from the examination of the indicator of the level of economic exposure in the Iraqi economy. Additionally, this would hurt the state of the economy, economic activity, and development.