Thoughtful planning and benefit from the experiences of countries will benefit Iraq’s economy

Posted: July 31, 2013 in Iraqi Dinar/Politics
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08/01/2013 12:00 AM

Iraq faces economic challenges were not the result of time, it has resulted in accumulation of previous wars and disasters, as a result of irresponsible policies and undisciplined to the former regime, and the economic blockade suffered by Iraq since 1990, has left those policies deterioration in the situation of cultural and social economic and environmental reflected more or less on the general situation in Iraq and led later to create distortions, including the absence of development plans and paralysis of the private sector and the absence of role in the development process in addition to stop production and dependence on imported what Born economic chaos mayhem in the country.

believes adviser at the Institute Iraqi economic reform d. Ahmed Husseini said the economic landscape today refers to a limited role for the private sector and incentives to promote the incident almost non-existent, and the Systems credit and access to funding is limited, what form another channel added to the predecessors of channels pressure and distortion of the corners of the Iraqi economy.

said in a statement (morning) that the main problem facing the process of advancing economic development forward is the dichotomy is clear between the public sector, based almost entirely on the production and export of crude oil, and the private sector deteriorating and backward, which is supposed to be the locomotive of economic growth as it did not lead his role as the It was hoped that play in terms of lower rates of contribution of this sector in the composition of GDP.

Development plans Husseini said: that the Iraqi economy suffers from the lack of a scientific framework for development plans to ensure positive results to achieve the advancement and growth. Indicating the impact of economic policies wrong and neglect caused by successive wars and the subsequent destruction of violence and terrorism in the collapse of the pillars of the economy of industrial, agricultural and commercial even became the country imports everything from products and industrial goods and even meat and vegetables.

Handed the global economy and stressed adviser he can put the Iraqi economy within economies He is developing out of the box, developed countries do not slip in the category of underdeveloped countries because it is part of a group the oil states that have individual privacy from the rest of the developing economies because of its abundance of oil. He pointed out that the Iraqi economy when compared to the global economy could say it differently because it is located within developing economies and economies of oil.

Continued since the founding of the modern Iraqi state has not seen the Iraqi economy approaches that are available under the oil economies Other Kaguetsadat Gulf states, and therefore we are required to transfer the Iraqi economy to peace the priorities of developed countries through hiring financial capabilities enjoyed by the Iraqi economy (employment optimization) away from corruption and waste and extravagance in the areas in which we can develop society and the economy at the same time. mess the economy and stressed Husseini that the chaos experienced by the economy, now is not the result of events of the year 2003 only, but is the product of economic policies wrong carried out by the سلكتها and practiced previous systems, noting that it has sought to be a national industry marginal and non-competition and stressed that the phase that followed the entry of agricultural commodities from neighboring countries of Iraq led to a total collapse in the agricultural sector, which led to wheel stopped production in this area, as the economy is currently suffering chaos with a large dependence on oil in the provision of financial revenue. Indicating that causes chaos absence of economic policies successful during the former regime and after these policies were not able to provide the requirements of society and thus resorting to source internal economic weak. reasons, stopped production and said Husseini to stop the wheel of production due to the high costs and thus became the country’s consumer and we receive goods from East Asian countries at prices cheaper than the price of the local product stopped production and resulted in unemployment, adding I sucked large part through job temporal and social protection network, but the problem still exists for non-utilization of human resources efficiently, and hinted that the repercussions stop the wheel of production is for the case inflation high in the Iraqi economy and that means that there is a cluster of large cash moving for goods a few which led to the exit of hard currency out of the country to the regional economy and the rest of the money supply and took moving about goods scarce.

The Drew adviser that the increase in the purchasing power of the citizen and the existence of financial and administrative corruption significantly various aspects of the state with an excessive rise in the salaries of some senior cadres in the Iraqi circles because the Valley be spending heavily on these commodities and high prices. It causes inflation so-called inflation imported When importing goods from neighboring countries at high prices, we have imported with the process of inflation Mbacrma make us face the problem of vehicle which is the issue of unemployment on the one hand and inflation on the other, and this is called (stagflation), one of the difficult problems and complex. He pointed out that the monetary policy followed by the Central Bank of Iraq to other currencies such as reducing inflation, and despite its success to a certain extent, but it’s not all solutions, and it must find processors radical and the most important is rotate the wheel of production and controls and control the quality of all goods entering Iraq and put control also on food, household and construction to detect the process of manipulation and fraud in these materials.

Promote the economy to be put strategic plans that advance the economy of Iraq in all macroeconomic variables and benefit from the experiences of other countries that have passed the first of conditions of political, legal and economic Similar to the circumstance of Iraq and we mean that finding Policy and Platform for five-year and annual plans for more than ten years and this could be adopted by the Ministry of Planning. It also said the economic policies followed by sectoral economic policies fee plan for the agricultural sector and the service and the formation of a trade policy as well as relations with international organizations as an important and vital.


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