Since 1950 the governments of Iraq have attempted vigorously to develop the economy and have stressed industrial development. Here Dr Ferhang Jalal discusses, analyses and appraises a number of policies adopted by the government of Iraq designed to promote the growth of the industrial sector.
The policies were of two kinds: the establishment of enterprises financed, constructed and operated by the government; and the encouragement of the expansion of private industrial enterprises through provision of finance, by way of tax exemptions of all kinds, through controls over the allocation of investment, and by protecting them from foreign competition. The author discusses the extent to which investment programmes formulated by planners were able to be implemented, and analyses in detail the factors facilitating and those constraining a more rapid rate of industrial growth.
1. Government and Economic Development: 1920-50 1.1. Conditions in 1920 1.2. Government Development Effort 1921-50 1.3. Conditions in 1950 1.4. Main Problems of Development 2. The Organization and Administration of Government Investment Programmes: 1950-65 2.1. The Development Board 1950-58 2.2. The Planning Board 1959-65 3. The Ministry of Industry 4. Administrative Defects 3. Formulation of Government Investment Programmes: 1951-65 3.1. Plans of the Development Board 3.2. Plans of the Planning Board 3.3. Size of Plans 3.4. The Selection Allocation 3.5. The Choice of Projects 4. Implementation of Government Investment Programmes: 1951-65 4.1. The Experience of Implementation 4.2. The Main Causes of Failure 5. Financial Institutions and Industrialization 5.1. Commercial Banks and the Finance of Industry 5.2. The Industrial Bank 6. Other Policies to Promote Industrialization 6.1.Protection 6.2. Tax Exemption 6.3. The Licensing of Industrial Enterprises 7. Summary and Conclusions