A Macroeconomic Research on the Development of Agricultural Economy in the Kurdistan Region within the Scope of 2030-2050 Sustainable Development Goals (SDGs)

Abstract

This study will discuss the development of the Kurdistan Region in terms of agriculture and agri-food economy. The emergence of climate change due to global warming has caused concern about worldwide famine. Research by macroeconomists and agricultural economists shows that world resources are becoming increasingly scarce. With the Kurdistan Regional Government's (KRG) decision, there seems to be more focus on agricultural activities in the Kurdistan Region. Stable and sustainable agricultural policies to be implemented following the 2030-2050 Sustainable Development Goals (SDG's) will ensure that the Kurdistan Region It will enable it to be among the top 10 agricultural countries after the US, Canada, China, India, Australia, France, and Russia. Stable agricultural policies to be implemented in the Kurdistan Region, which has fertile lands, will also enable Gross Domestic Product (GDP) and Gross National Product (GNP) to rise and foreign investors to make significant investments in agriculture in the Kurdistan Region within the scope of Foreign Direct Investment (FDI). Studies by macroeconomists and agricultural economists show that oil currently accounts for a significant portion of the Kurdistan Region's GDP. However, the recent focus on agricultural production in the Kurdistan Region is projected to account for approximately 60.57% of Gross Domestic Product (GDP) by 2030 and approximately 72.10% by 2050.