Will the Kur­dish econ­omy last for long on easy money?

The Kurdish Globe - - NEWS - Swara Kadir

‘nanny state’ num­ber of gov­ern­ment paid em­ploy­ees.

This left lit­tle money for eco­nomic ex­pan­sion and growth. Sec­tors like agri­cul­ture and tourism have sig­nif­i­cant eco­nomic po­ten­tial and a dis­tinct com­par­a­tive ad­van­tage in the re­gion. The plen­ti­ful wa­ter re­sources of the Ti­gris and Euphrates rivers, the fer­tile soil, the fa­vor­able mod­er­ate cli­mate are just a few agri­cul­tural ad­van­tages. Nat­u­rally flow­ing from this is the beauty of na­ture, va­ri­ety of ter­rain, his­toric and touris­tic attractions are all great ad­van­tages for Kur­dis­tan to be­come a boom­ing tourist econ­omy.

It seems the re­cent stop­page of the (lot­tery) money from Bagh­dad has taught the Kurds a les­son. Eco­nomic in­de­pen­dence is a must, and easy money is never guar­an­teed. The Kur­dish econ­omy can­not grow in its cur­rent form with its sole re­liance on oil rev­enues. It must di­ver­sify into the other sec­tors men­tioned above in or­der to have a sus­tain­able econ­omy.

Most of all, more in­vest­ment is needed in Kur­dish man­power through ed­u­ca­tion and gov­ern­ment ac­tion that will im­pel Kurds to get off their butt and be­gin work more.

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