Structural Adjustment of Neoliberalism and Its Effects on Iraq after 2003

Document Type : Research

Authors

1 PhD Student in Political Science, Faculty of Economics and Political Science, Shahid Beheshti University, Tehran, Iran.

2 Assistant Professor of Science and political thought, Dept. of Political Science, Faculty of Economics and Political Science, Shahid Beheshti University, Tehran, Iran.

Abstract

Neoliberalism is a set of economic policies having undergone extensive changes in the domestic economic system of countries and the international economic system, and its most important components are: firm belief in a free and unlimited global free market and private property. The new economic policy in Iraq is being implemented in the political context imposed by the US occupation. This economic policy in Iraq is linked to the capitalist policy of the United States; Thus, all the characteristics of neoliberalism are evident in one model, that is military attack and occupation, the demarcation of the power-dependent political system, and the imposition and application of an economic model against us. These policies started with a shock and are continuing with a structural adjustment; In other words, these policies do not arise from social needs and necessities, rather they are the product of a sudden political change that happened through the occupation and not during the objective growth of society and internal forces or at the level of its production. This study does not claim that Iraq is a government with a neoliberal economy, but seeks to describe, analyze and criticize the detrimental consequences of the policies neoliberal economic model on the Iraqi government and society. The US-led global capitalist system integrated the US into an open market economy and global capitalism by creating a shock to Iraq. This action was not only in the direction of reform for Iraqi government, but since it was the outcome of a suddenly shocking act through the occupation of Iraq, It was shocking through the occupation of Iraq and it did not meet the needs of the economic, political and social development of Iraqi society, so it caused numerous political, economic and social challenges including unemployment, poverty, corruption and corruption, the growth of terrorism, the rise of domestic and foreign debts and, the disappearance of the domestic private sector, the disappearance of trade unions, the rise of class divisions, national dissatisfaction and relative prosperity, the outflow of the country's wealth through the creation of a false and opaque private sector, the stabilization of the rentier economy, the rise of costs in the public sector especially the employees.

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References

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International Political Economy Studies
Volume 5, Issue 1
September 2022
Pages 77-109

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History

  • Receive Date: 28 January 2022
  • Revise Date: 13 March 2022
  • Accept Date: 16 May 2022

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