Hasmukh Goswami College of Engineering Naroda-Dehgam Road, Vahelal
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A Global Country Report On Iraq [As a partial fulfillment for the requirement as a part of MBA programme] Submitted To: Prof. Radhika Fulpagar Asst. Prof, MBA Dept. Submitted By: [MBA- SEM-III, Batch: 20012-13]: Hasmukh Goswami College of Engineering Naroda-Dehgam Road, Vahelal- Dascroi, Ahmedabad- 382330. PREFACE The MBA program is well structured and integrated course of business studies. The main objective of global country report in MBA level is to aware the opportunities globally for student by supplement to the Global study of business management in general. The MBA program provides student with a fundamental knowledge of business and organizational functions and activities, as well as an exposure to strategic thinking of management. There is rapid increase in the economic activity across the national boundaries. Today the world has become the smaller due to the communication technology, due to better connectivity across the globe. In order to survive in this competitive world A Manager or A Executive must have knowledge of global environment to do successful business in any part of world. Global country reports will help students to do business or manage investments successfully across national boundaries. ACKNOWLEDGEMENT This project is an attempt to share our experience and learning of global environment of our project with THE WALT DISNEY COMPANY at France. This project would not have been possible without the support and guidance that we have received from various people at different stages during the course of project. This project could not have been completed without the guidance of Prof Radhika Fulpagar (college faculty HGCE ) for her valuable suggestion. We are highly thankful to our guidance faculty Prof Radhika Fulpagar, and Gujarat Technical University who actual provide us the opportunity to do so. We are thankful to our whole MBA Department for providing needed infrastructures and facility. We are also grateful to them not only for the guidance in the project but for also involving us in their day to day work schedules & arming us with the unique kind of experience which will prove to be very precious & important from futuristic career point of view. DECLARATION We are students of PGDM-RM (2012-13) studying at Hasmukh Gosawami College of Enginnering , Ahmedabad, declare that the project work titled- ‘ A Global Country Report on ``Iraq`` was carried out by us , in partial fulfillment of the PGDM programme.This programme was undertaken as a part of academic curriculum according to the University rules and norms and by no commercial interest and motives. Place: Date EXECUTIVE SUMMARY Every Country wants to grow faster, weather it is small or large and every Country has certain vision and mission which they have to achieve successfully. We cannot stop at certain point and declare that we have achieved our target. It is a continuous process. Global Country report feel of being a part of corporate world and global working Environment of the country. The main Objective of this Project is : • Operation and management of the Country. • Export – Import policy. • Culture of the country. • Strategic management of the company. DEMOGRAPHIC PROFILE OF THE IRAQ Introduction of Iraq Formerly part of the Ottoman Empire, Iraq was occupied by Britain during the course of World War I; in 1920, it was declared a League of Nations mandate under UK administration. In stages over the next dozen years, Iraq attained its independence as a kingdom in 1932. A "republic" was proclaimed in 1958, but in actuality a series of strongmen ruled the country until 2003. The last was SADDAM Husayn. Territorial disputes between Iran led to a costly eight years war from 1980 to 1988. In August 1990, Iraq takes Kuwait but was force out by US-led, UN coalition forces during the Gulf War of January to February 1991. After Kuwait's liberation, the UN Security Council (UNSC) forces Iraq to destroy all weapons of mass destruction and long-range missiles and to allow UN verification inspections. Continued conflicts with UNSC resolutions over a period of 12 years led to the US-led invasion of Iraq in March 2003 and forcing out of the SADDAM Husayn goverment. US forces remained in Iraq under a UNSC mandate through 2009 and under a bilateral security agreement thereafter, helping to provide security and to train and mentor Iraqi security forces. In January 2009, Iraq held elections for provincial councils in all governorates except for the three governorates comprising the Kurdistan Regional Government and Kirkuk Governorate. Iraq held a national legislative election in March 2010 - choosing 325 legislators in an expanded COR - and, after nine months of deadlock the COR approved the new government in December 2010. Flag description: There is three equal horizontal bands of red (top), white, and black; the Takbir (God is great) in green Arabic script is centered in the white band; the band colors derive from the Arab Liberation flag and represent oppression (black), overcome through bloody struggle (red), to be replaced by a bright future (white). The Council of Representatives approved this flag in 2008 as a compromise temporary replacement for the Ba'athist Saddam-era flag. Iraq - One of the Fastest Growing Emerging Markets in the World With deep commercial traditions, vast natural resources - including the world's second largest oil reserves - and strategic ports and airports, Iraq occupies a pivotal position in the Arabian Gulf and Middle East region, and has the potential of becoming a major cost-effective trading and distribution location. The country’s reconstruction efforts entail massive investment in all economic sectors, with government spending projected at US$ 98.45 billion in the 2012 budget, and over US$ 200 billion targeted in foreign investment over the next decade. With that in mind, Iraq presents a window of opportunity for companies willing to invest in one of the world’s most significant emerging markets witnessing rising recovery, reconstruction and development needs across all sectors of its economy from basic infrastructure to housing, hotels, schools, and public building rehabilitation requiring not only large amounts of materials but also equipment and expertise. General information Iraq’s current population of 30 million is projected to reach 40 million by 2025 The country currently produces on average 2.4 million barrels of oil per day (bpd) and the Government is aiming to increase production to at least 12 million bpd in the next seven to ten years. The International Monetary Fund projected Iraq's real GDP growth at 12.2% in 2011, outpacing China’s 9.2% Iraq attracted US$ 42 billion investment in 2010 and more than US$ 52 billion in 2011. Demographic overview of Iraq 1) Nationality: Noun: Iraqi(s) Adjective: Iraqi 2) Ethnic group: Arab 75%-80%, Kurdish 15%-20%, Turkoman, Assyrian, or other 5% 3) Languages: Arabic (official), Kurdish (official), Turkmen (a Turkish dialect) and Assyrian (Neo-Aramaic) are official in areas where they constitute a majority of the population), Armenian 4) Religions: Muslim (official) 97% (Shia 60%-65%, Sunni 32%-37%), Christian or other 3% 5) Population: 31,129,225 (July 2012 est.) Country comparison to the world: 39 6) Age structure: 0-14 years: 37.6% (5,959,562 male/ female 5,751,970) 15-64 years: 59.3% (9,355,176 male/ female 9,094,953) 65 years and over: 3.1% (450,516 male/ female 517,048) (2012 est.) 7) median age: Total: 21.1 years Male: 21 years Female: 21.2 years (2012 est.) 8) population growth rate: 2.345% (2012 est.) Country comparison to the world: 33 9) Birth rate: 28.19 Irths/1,000 population (2012 est.) Country comparison to the world: 43 10) Death rate: 4.73 deaths/1,000 population (July 2012 est.) Country comparison to the world: 196 11) Net migration rate: 0 migrant(s)/1,000 population (2012 est.) Country comparison to the world: 91 12) Urbanization: Urban population: 66% of total population (2010) rate of urbanization: 2.6% annual rate of change (2010-15 est.) 13) Major cities-population: BAGHDAD (capital) 5.751 million; Mosul 1.447 million; Erbil 1.009 million; Basra 923,000; As Sulaymaniyah 836,000 (2009) 14) Sex ratio: Under 15 years: 1.04 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.87 male(s)/female Total population: 1.03 male(s)/female (2011 est.) 15) Literacy: Definition: age 15 and over can read and write Total population: 78.2% Male: 86% Female: 70.6% (2010 est.) Geography of Iraq 1) Location: Iraq is located middle East, bordering the Persian Gulf, between Iran and Kuwait 2) Geographic coordinate : 33 00 N, 44 00 E 3) Map references: Middle east 4) Area: total: 438,317 sq km country comparison to the world: 59 land: 437,367 sq km water: 950 sq km 5) Area –comparative: slightly more than twice the size of Idaho 6) Land bountries: Iraq has total: 3,650 km land bountries border countries: Iran 1,458 km, Jordan 181 km, Kuwait 240 km, Saudi Arabia 814 km, Syria 605 km, Turkey 352 km 7) Cost lines: In km 58 8) Maritime claims: Territorial sea: 12 nm Continental shelf: not specified 9) Climate: mostly desert; mild to cool winters with dry, hot, cloudless summers; northern mountainous regions along Iranian and Turkish borders experience cold winters with occasionally heavy snows that melt in early spring, sometimes causing extensive flooding in central and southern Iraq 10) terrain: mostly broad plains; reedy marshes along Iranian border in south with large flooded areas; mountains along borders with Iran and Turkey 11) Elevation extremes: lowest point: Persian Gulf 0 m highest point: unnamed peak; 3,611 m; note - this peak is neither GundahZhur 3,607 m nor Kuh-e Hajji-Ebrahim 3,595 m 12) Natural resources: Petroleum, natural gas, phosphates, sulfur, 13) Land use: Arable land: 13.12% , permanent crops: 0.61% ,other: 86.27% 14) Natural hazards: Dust storms, Sandstorms, floods, 15) Environmental – international agreement party to: Biodiversity, Law of the Sea, Ozone Layer Protection signed, but not ratified: Environmental Modification.