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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Macroeconomic policy between reality and the responsible government role

    Rocky
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    • Post n°1

    policy - Macroeconomic policy between reality and the responsible government role Empty Macroeconomic policy between reality and the responsible government role

    Post by Rocky Wed 16 Nov 2022, 5:13 am

    Macroeconomic policy between reality and the responsible government role

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                                                           Dr.. Haitham Hamid Mutlaq Al-Mansour
    There is a debate about the nature of the government's role in the contemporary Iraqi economy and its effects on the economic performance of the various sectors of use and output. Without the in-depth, long-term vision regarding the delineation and diagnosis of the government’s role in the economy as a basic part of a strategy for formulating macroeconomic policy to build the overall model with its integrated development vision, indicating that the government’s role in the economy is inseparable from its long-term technical nature, so the reformulation of the model Development after years of political instability must be an integral part of the long-term strategy for building the contemporary Iraqi state in the current and next phase.
    From an in-depth reading of the reality of economic policy, it is noted that the government’s practice of its economic role has been reduced to a narrow framework, which does not go beyond the issues of government fiscal deficit, exchange rate policy, and inflation targeting without a serious discussion of the comprehensive effects of various economic variables within the horizon of macro policy seeking to achieve the goal of macro stability and stimulating growth, in In light of the comprehensive economic reform steps to amend the imbalance entrenched in the structure of the Iraqi economy, to diversify the gross domestic product towards the real sectors.
     Therefore, the government's long-term economic policy must focus on its role in the economy and within the following axes:
    Granting the government confidence to the public and institutions: The focus of the overall policy must be on granting and ensuring confidence to the public and institutions throughout the economy. Financial flows, employment opportunities and stimulating the movement of money and investment, as an important step to attract foreign capital in the direction of developing the real sector to compensate for foreign imports and tipping the balance of trade and the balance of payments from national production, by creating the physical and legal framework to accelerate the growth trends of private activity towards the leading sectors.
     The government's maintenance of the relationship between economic security and social peace within the movement of the economic system and limiting the negative effects of economic policies on the segments of society in order to reduce the flagrant societal inequality. Towards public services and commodity support, and reducing class differences, through macroeconomic policy measures aimed at preserving the real income of individuals away from inflation pressures and the continuous rise in rates of the general level of prices, and reducing the phenomenon of unemployment by building an employment and employment program according to the labor market and the need for the development framework .
    The government assumes its functional role to stimulate aggregate demand and establish direct investments, and that is to start building major projects that stimulate the movement of use and production, in a way that works to move the economy away from rentierism, in order to reach the necessary level of infrastructure that has an important contribution to stimulating the establishment of strategic private investments.
    Focusing on the developmental role of the government in reformulating the fiscal and monetary policies to direct public revenue and public spending on targeted areas in light of macro stability policies and reducing inflation, to ensure the achievement of points 1, 2 and 3.
     Giving utmost importance to the government's coordinating developmental role among sectoral policies, especially oil, agricultural, industrial, commercial, and balance of payments, in order to achieve the goal of diversifying and increasing the growth of the gross domestic product, achieving higher development goals in all targeted sectors, and supporting strategic sectors such as education, health care, social security, and job creation. The developmental role of the state represents an important building block in building the legitimacy and credibility of the state and the social and political system that seeks to meet the aspirations of the masses in building the present and ensuring the future.

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    Added 11/16/2022 - 1:05 PM
    Updated 11/16/2022 - 2:12 PM
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