Economic Innovation as a Mechanism to Activate Economic Development (Iraq is a Case Study)
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The purpose of this paper is to importance of economic innovation in achieving economic development in Iraq, and reveal its role in building a society. It also develops a future vision to embrace economic innovation. This study adopted descriptive analytical and measurement approaches, and graphical figures and statistical tables. The research was divided into three topics dealing with the first topic (the theoretical rooting of concepts of economic innovation and economic development), while the second topic (analyzing the reality and challenges of economic innovation in Iraq (. The third topic (Building a future vision of the requirements and mechanisms of response to economic innovation and its impact on economic development) was discussed, and conclusions and recommendations were reached. One of the most important results reached by the researcher is that: Through the study, it was found that Iraq depends mainly on one source, which is oil, which reflects the unilateralism of the Iraqi economy and its rentier tendency. Through measurement, the results show us the ineffectiveness of the relationship between innovation and development indicators and this is the reality of the situation because development and growth in Iraq absolutely depends on revenues. Oil, and is not linked to innovation forces and indicators, and it is clear from the study and the practical aspect that Iraq needs to intensify efforts to support innovation indicators in order to develop them in a way that serves the building of the Iraqi economy.
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