ARTIFICIAL INTELLIGENCE TO ADDRESS ECONOMIC CHALLENGES AND DEVELOPMENT: A CASE STUDY AND ANALYTICAL FRAMEWORK FOR IRAQ
Keywords:
Artificial Intelligence, Development Economics, Human/Machine, Unemployment, InflationAbstract
In the initial stages, the role of artificial intelligence (AI) in addressing Iraq’s economic challenges
appeared promising, with potential solutions proposed for issues such as unemployment and inflation. However,
despite the theoretical strength of AI-driven models, Iraq’s complex economic structure marked by severe
corruption, an overreliance on oil, and a fragile institutional environment posed significant obstacles to realworld
implementation. This study examines why AI applications in Iraq’s economic development initially seemed
like a comprehensive solution but encountered substantial difficulties when addressing inflation and
unemployment concurrently. The integration of AI into Iraq’s economic planning revealed that technological tools
alone cannot overcome deeply entrenched systemic challenges without robust human oversight and institutional
reforms. Despite these limitations, AI contributed to important advances in economic modeling and policy
analysis, providing valuable insights into sustainable development strategies. The study concludes that while AI
holds promise for supporting economic policy design and evaluation, the ultimate responsibility for effective
implementation and reform remains with human decision-makers.
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