The private sector in Iraq is modern

The private sector in Iraq is modern



15/8/2017 1:06 am

Dr.. Hamid Punitive
we are watching with interest the changes and developments that have taken place on the national scene in particular and the world in general, as well as through the experiences of countries that have achieved success as economic application of policies and adopted macroeconomic stability and high investment rates without searching the details of these policies from one country to another that By integrating into the global economy gradually and selectively and strategically created a boom in economic growth.

These countries adopted a stable macroeconomic policy that enabled them to absorb the rapid external changes. Here, it is necessary to improve their institutions and ensure the real partnership between the public and private sector, which has been able to achieve rapid economic growth in more than three decades. It was not necessarily those countries that tried to accelerate integration into the global economy Through the abolition or reduction of tariffs or those that abolished the restrictions on the movement of capital, but the countries that have been interested in increasing the share of investment in the total national income and adopted a stable economic policy.
It is clear from the Asian experience that the ability of any country to absorb the aspects of international changes in the positive aspects and to avoid and reduce their negative effects here relied on the efficiency and quality of the public administration as it deepened and distributed its trade links in addition to increasing the share of products classified in those countries' exports. Since 2000.
Since that date, we have had a role in guiding the private sector in all its details, in order to secure businessmen, traders, industrialists, contractors, farmers and investors, and towards a free economy. The private sector has an active role in economic development as the incubator of unemployment. Finance that has been and continues to be a single and unproductive economy.
It is well known that the Iraqi economy faced major and complex problems, which led to a significant slowdown in the growth of the Iraqi economy and led to the emergence of major structural imbalances in the Iraqi economy. The low performance in the private and public sectors in Iraq will force the government to reconsider its role in
economic life .
When talking about the Iraqi private sector, we mean the broad sense of the sector, whether regular or irregular, which can be extended to include associations and unions of businessmen, quality and specialized unions, chambers of commerce, union of industries, trade unions, individuals and economic owners despite being marginalized for reasons that the sector may be unorganized or ineffective In the volume of investments for different considerations. There is also a lot of repetition of seminars, conferences and meetings with officials, which have become ineffective whether the bittersweet or not.
Here lies the need, which requires the private sector to organize and form pressure forces on the government to expand the role of the private sector by organizing its ranks through an encouraging legislative framework and granting more incentives that create the appropriate climate for local investment and replace the government in the projects that resorted to it and form alliances and mergers that make it able To engage in large-scale projects, so that the private sector is the largest contributor to GDP and the active contributor to economic policy-making and the largest absorber of
unemployment. * President of the International Federation of Businessmen in Iraq

[You must be registered and logged in to see this link.]