Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Chinese Economic Reform Policies and Their Applicability in Iraq

Author(s): Nabeel Jaafar Abdel Reda Al Marsoumi, Mayada Rashid Kamel

This research focuses on the study and evaluation of economic reform programs in the Chinese economy, as one of the world's most effective policies. It was able to combine socialism with its openness to the market economy, resulting in market socialism. It demonstrated the feasibility of effective economic development in the state system itself by following the capitalist and socialist methods. The study looked at the relevance of Chinese experience in Iraq and its efficacy in the Iraqi economy's transition from a command economy to a free economy open to the rest of the world.It is based on laws and regulations that improve the economic development process by addressing national interests. In light of China's proposed reform experience, the paper concludes with a model for implementation in Iraq.

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