Student Activity: Toward a More Sustainable Campus through Innovative Design and Practical Application
Department Of Banking and Financial science in Cihan University/ slemani held workshop on 21st February 2019 titled Economic Crisis in Kurdistan Regional Government (KRG)
By Asst. Lecturer and Department Head Hazhar Khalid Ali and Asst.Lecturer and Phd Student Twana Najaf Muhamad Khan
Abstract
Currently, economy in the Kurdistan region is facing a number of challenges, which threatens to undermine the future economy, the level of productivity and the sustainable competitiveness of economic performance. This Work shop focus on the factors of economic shrinking: the instability of the region, political concerns with Baghdad and disagreement with the central government. These challenges are intertwined and overlapping, and Kurdistan’s Regional Government (KRG) has adopted a strategy to come up with appropriate solutions to resolve them within a specified time frame in order to decrease the effect of the crisis on the economic performance of the region.
The related regional crisis revealed the fact that the relationship between economy and politics is closely tied in the KRG. In this regard, the relationship between the economy and politics in the
Kurdistan region has been governed, according to the famous theory of Franz Oppenheimer, typically by the two means of obtaining wealth, first and foremost the economic means, which is based on production and exchange. Besides, the political way of obtaining wealth is based on plunder. There are only two options to accumulate wealth: by or without violence.2 Quite understandably, economic policy in Kurdistan involves competition with the federal government, and this is an economic soft policy competition rather than violence, in contrast to Oppenheimer’s conclusion, and the economic policy of the KRG is friendlier to foreign direct investments flowing into the region. This policy resulted in a welcome boom in the economic growth of the region. The IKG property report highlighted that “the 2006 investment law in the KRG has created the architecture for attracting Foreign Direct Investment, by establishing a friendly environment for foreign companies.
ناوی پێشکەشکار م.ى توانا نجف محمد خان ، م.ى ههژار خالد على
Economic Crisis in Kurdistan Regional Government ناونیشان:
لیستی ئامادەبوان
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