Analysing the Dimensions of the Phenomenon of Human Capital Erosion in Iraq After 2003
DOI:
https://doi.org/10.31272/jae.i146.1343Keywords:
Human Capital, Corrosion, Economic Policy, Health Spending, Education Spending, Military SpendingAbstract
The research aims to monitor and analyse the dimensions of corrosion in human capital indicators in Iraq after 2003 to identify the sources of waste in human capital. The research issue is summarised by the exacerbation of the phenomenon of corrosion of human capital in Iraq after 2003 as a result of the dominance of an exaggerated belief by decision-makers in the power of the economic impact of oil wealth, which led to the neglect of the main production sectors and production elements affecting the productive process, especially human capital.
The research hypothesises that the rentier orientation of economic policies has led to the neglect of crucial production sectors and weak investment in human capital. This has led to high rates of poverty and unemployment and a decline in health and educational indicators, which in turn has led to the widening and deepening erosion of human capital in Iraq.
The research findings indicate that the rise in poverty and unemployment rates and the decline in health and education indicators after 2003 was accompanied by a continued increase in the amount of military spending
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