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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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    South Korea and the experience of the Iraqi economy

    Rocky
    Rocky
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    • Post n°1

    South Korea and the experience of the Iraqi economy Empty South Korea and the experience of the Iraqi economy

    Post by Rocky Tue 23 Jul 2013, 9:17 am

    South Korea and the experience of the Iraqi economy


    23/07/2013 12:00 AM

    Baghdad morning

    Called interested in economic affairs to quote experience South Korean and applied economically in Iraq because the country has the elements of economic most important wealth in natural resources which is characterized by diversity, stressing that it is exploited properly due to the absence of strategic general economic, leading therefore to the survival of the Iraqi economy lags depends on the import of everything with a clear neglect of industry and agriculture and mining.

    While South Korea is characterized by its territory as mountainous and exposed to corrosion and erosion due to deforestation during World War II and are arable land proportion of 19 percent of the total land area while occupies forests 65 percent of the space, which amounts to (99 274 square kilometers). This is a country of poor countries in natural resources. Has undergone country to     احتلالين the Japanese and then the American and the Korean War in 1950 - 1953 which destroyed its economy and its industry.

    The researcher said Adel Abdul-Zahra Shabib told (morning): that the Korean experience can be replicated and applied in Iraq because     the political circumstances and the wars that passed by that state similar to the over Iraq. The Iraqi economy needs today to benefit from the Korean experience, not its literal application, but according to our circumstances.

    As the economy remained unilateral relying entirely dependent on the export of crude oil without costing himself manufactured and converted into oil products meet the needs of the local market and for export purposes.

    He explained that the purpose of benefiting from the Korean experience in economic development, it should be on Iraq to diversify sources of national income and lack of dependence on oil as the sole source of income, and benefit from the financial returns of large oil in the establishment of industrial and agricultural projects different.
    In addition to seeking to convert crude oil into petroleum products to meet local needs and for export purposes. And improve the production of electric power and work on a radical solution to the standoff. Referring to the need to support existing industries belonging to the private sector and the abolition of all debt owed by his trust from previous years and taking into account the circumstances in which over them.

    The researcher pointed to the need to reduce interest rates for industrial and agricultural loans. And strengthening marketing activities and attention to the training of personnel and raise their technical competence. The five-year plans and decimals and long-term economic development - social. In addition to supporting the multilateral trading system and open. Between Shabib importance of canceling the inherited laws and regulations that are inconsistent with our economic development, taking into account the protection of Iraqi products to compete with foreign goods entering Iraq without restrictions.

    He explained researcher Korean experience was referring to enthuse the leadership of the country and its president in 1961 to build a strong and sophisticated and the alliance with businessmen and investors and attention to industries existing and developing them, in addition to the expansion of the commercial capital and then turn it into industrial investments. And fiscal policy for the benefit of major industrial companies.
    And the establishment of the Korean Trade Promotion Authority in 1962 and known as (KOTRA) for the purpose of expansion of Korean products abroad, and the establishment of the Export-Import Bank to provide the necessary funding for Korean exports.

    Among Shabib that this policy has led During the period of the sixties to the growth of Korean exports to reach values     ​​up to $ 41 million in 1960 and increased to 1,048 billion dollars in 1970. During the period between 1972 to 1976 have been initiated to implement the plan third five-year economic development for the advancement of industry, steel, petrochemical and shipbuilding The machinery and equipment industry and non-ferrous metals industry and electrical appliances.

    He said the state has adopted a policy of indirect support through the promotion of exports and direct support for some manufacturing industries are thoughtfully selected, 13 have also been established industrial complex.

    He continued As for the increase in the value of exports was through the promotion of export goods of high quality while encouraging industries that produce the pieces and parts as well as strengthening marketing activities as well as the trend towards the establishment of commercial companies public and set a goal to achieve more than a million dollars in exports and the establishment of more than 10 branches in abroad, also adopted a policy of incentives through lower interest rates and support the activities of ads abroad and the development of new markets and the provision of information, technology and staff training.

    He continued policy has resulted in the Korean exceeded the surplus in the balance of payments, which amounted to $ 11 billion in 1988 and opened up trade for most countries, making it because ranked tenth in the world trade.

    Sought South Korea to develop its industry light and heavy For the purposes of export, which is the key to industrial expansion which today occupies South Korea mattresses advanced in shipbuilding and textile artificial, cars and digital devices, steel and petrochemicals have succeeded Korea to diversify export markets which had an impact in the stimulus to increase production to meet demand exterior. Korea began to reduce its imports of consumer goods After that they constitute 24.1 percent of total imports in 1962, this percentage dropped to 9.8 percent in 1986 due to the growing Korean production of consumer goods for the domestic market.

    Korean politics have included reducing government intervention in the economy and the privatization of commercial banks and work to cancel a number of laws and regulations impeding the economic activity and to seek regional balance and provide a basic system of social welfare.

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