Trade openness and its impact on the structure of the Iraqi trade balance an analytical study for the period (2013-2023)
DOI:
https://doi.org/10.37547/ijmef/Volume05Issue04-05Keywords:
Trade openness, trade balanceAbstract
International trade is a fundamental pillar of the global economy, and greatly affects the growth and development of countries. Due to this importance, many researchers have become increasingly interested in studying its variables and their effects on the balance of payments in particular and economic stability in particular. One of the important topics for international trade is the relationship between trade openness and the structure of the trade balance of countries, especially developing countries such as Iraq. The research is an attempt to study the impact of trade openness on the structure of the Iraqi trade balance during the period from 2013 to 2023, in detail using the analytical aspect of the data and stating the relationship between the different variables to reach an answer to a basic question of the research, which focuses on knowing what is the nature of the relationship between trade openness and the structure of the trade balance in Iraq? Does increasing trade openness lead to improving the trade balance or vice versa? What are the other factors that affect this relationship? The research reviewed the theoretical concepts related to trade openness and the trade balance, analyzed data specific to Iraq, presented the results of the analysis and made the necessary recommendations.
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