Investing oil income in activating permanent development
journal of kerbala university,
2005, Volume 1, Issue 1, Pages 45-58
AbstractThis paper aims at pointing out the importance of oil income in selected oil-producing countries(Iraq , Saudia Arabia and Oman) and thy extent of using oil income in establishing economical base (industrial, agricultural or for tourism). This process positively affects current and coming generations since they have thy right to possess such properties so it needs to be run and invested properly.
Also the paper tackles thy industrial sector in the above. Mentioned countries as one of the most important sectors. However, the industrial sector has been proved to be of less level than the required; in comparison to the oil income of these countries. As far as Iraq is concerned ,U.N. sanctions have negatively affected the industrial sector since there was no imports or exports except what is allowed according to the memorandum of understanding food for oil. this situation ends with the occupation of Iraq by U.K. and U.S.A , which leads to demolishing the industrial sector. Finally , the Iraqis look forward that the situation will get bett
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