Struggling investment in Iraq

Struggling investment in Iraq

08/17/2013 12:00 AM


Sadeq Kazem
failed years change the ten that have passed on the fall of the dictatorial regime and reshape the identity of the political system in Iraq in the events of radical change and a real level of reconstruction change the map and the form of the low status of the level of services in the country under the exhausted and continuously since 1980, the date of entry of the dictatorial regime Former Marathon wars losers and failed in the region that came out of Iraq without any profit for real after he that system the role of the guard the eastern group of the Gulf countries and the region, which hired him to fight Iran on its behalf without any real appreciation of the consequences of this war and its impact the future of Iraq as a state and entity important political in the region, where led this war and also wanted to have a NATO Gulf Western that تنهك the two countries and weaken their economic and military to become weak and penniless, which was not the previous dictatorial regime of feel to it, while the oldest on the move hellish which Ardvha foolishly again was invaded Kuwait and استباحتها and militancy in his political stance, who worked on the attached to and annexed to Iraq by force and ignoring the decisions of serious taken by the international community and the major powers need to withdraw from Kuwait and comply with the international resolutions, which eventually led to expel regime forces from Kuwait and hypotheses Terms surrender unfair to Iraq.
years of wars and sanctions led to the crumbling infrastructure of the country and preoccupied with the system and then operations Emaar play structures damaged by the bombing of Flight allies and turning the tyrant Saddam to someone obsessed with building palaces more than his interest in the development of the infrastructure of the country and developed to stabilize Iraq, the development of ale and backward in various fields.
process was topple the regime a real opportunity for change, especially since a large number of rich countries in the world have agreed to establish a fund for reconstruction in Iraq has allocated large sums of money under the supervision of the occupying power the U.S. that have not done in Iraq, including done before in Europe, Japan and South Korea after the end of World War II of incorporation to the Marshall Plan genuine reconstruction in Iraq, but it has robbed money reconstruction of those and waste projects in a quick and unsuccessful collapsed after a short time.
has been the need to establish investment and development of real infrastructure in Iraq, ordered urgent and necessary, especially after the surge in oil imports and figures Superstitious reached by the Iraqi budget, but this investment objective did not know his way to Iraq remained a scene bemoaning the maps reconstruction huge forests and beautiful buildings that تزوق the capitals of neighboring Gulf summer cloud passing in the sky Iraqis who lose their capital, the famous and the oldest cities in the region views similar, where destroyed buildings since the time of the last war, unchanged Ttalha not the hand of reconstruction so far. Despite the release of dozens of laws encouraging investment, but the aversion and retreat real Alaamarzl prevailing over the previous period with the exception of the Kurdistan region and remained contracts with investors and financiers from outside Iraq just talk media just did not transmitted to the ground, where the form of the security environment and bureaucratic administrative biggest drawback behind the frequency financiers for projects in Iraq in the implementation of their business there. in preferred capital National Immigration Bammwalha to neighboring countries and the establishment of investment projects there in search of safety and stability.
did not result in previous years, despite the investment opportunities tempting true in Iraq in making a difference, which wished citizens compared to experiments Emirates successful and dazzling in this field, but was limited to investment in the areas of formal and non-real Omatherh in the Iraqi economy such as restaurants tourist inns and a few shares in local banks Iraqi while unsuccessful offers provided by the Government to senior international companies specialized in the sectors of industry, agriculture and construction in persuade to enter the Iraqi market because of the condition of liquidation of companies losers and the demobilization of workers for the industrial sector of Iraq who have suffered from the problems of overstaffing and swallow salaries to revenue production and lack of competitiveness in the domestic market because of cheap imported goods and not to impose taxes on imported What made ​​this sector live on loans granted by the Iraqi government for funding without hiring resources Money huge sector development and management Jlth again and solve difficult problems afflicting the sector moving in the Iraqi economy.
what he suffered industry suffered from the rest of the other sectors remains escalation of security and instability of the political situation in the country's biggest drawback in front stopped the flow of money and expertise investment to Iraq.
policy of supporting investment and support the Arab capital, local and foreign to set up projects in Iraq is necessary and desirable because it achieves several goals the most important he creates sector competitor to the government attracts manpower him and relieves the State the burden of demand for jobs Taker بالازدياد and expansion year after year and above the absorptive capacity and creates an atmosphere of real competition and innovation and the development of manpower Iraqi working for these institutions, which is keen to achieve a high return of profits does not come only through the quality and workmanship in their work, in addition to that provided by the expertise and skills of the hands of the Iraqi workforce and reduce the unemployment rate high and works to create markets winner not be able to state institutions bureaucratic storm or work.
that the privatization of companies and Almasssat losers and restructuring is warranted and necessary to float the Iraqi economy sagging, which depends on oil as the sole source of income and draining Iraq's imports financial precious that go in wages and salaries for the huge army of employees up to more than four million government employees, increase the rate of inflation, in addition to that it deprives other social segments of the non-government agency employees opportunities to live an acceptable level of social due to their inability to keep up with high purchasing power enjoyed by the staff of the government apparatus. We have adopted many of the world's policy of privatization and systematically without affecting the situation of living for its citizens, but they saved their economies from a huge financial drain on the employed worked in other areas winner despite being non-oil countries such as Malaysia and Turkey. Iraq could not so far from the establishment of a national fund to invest employs revenues the country's financial surplus in the establishment of investment projects long-term in other countries because of the political dispute first on the body that manages the fund and the possibilities of being looted because of the lack of control by the canopy and partisan and political, which will have the managers of this fund and the lack of experience of administrative and economic in Iraq in this area as opposed to the Gulf states.
Iraqi economy so far is linked to the global economy and Hovey fact the economy is marginal and local and has a limited capacity and the Iraqi banking system adopts methods dating back to the seventies of the last century in the methods of administration, where he even this moment is not known Iraqi citizens a thing as credit cards and how to handle them and ATM is not present in the streets of Iraq, although it is common and largely in the cities and the capitals of neighboring These are all delay in any decision may take wishing to invest in Iraq, adding that Iraq no longer has capital national funds such as those known in the royal era, when it set up a large industrial base seized by the government later after the fall of the monarchy and they will evolve if destined to continue.
that investment is not just a tourist hotel Oomschwy Omtam held or praises, but entering real sectors of the economy from the influential industry and Trade and Agriculture and the establishment of a solid base its continuity and long term climate of security and a stable political promotes the survival and reflected positively on the Iraqi economy and Anashh and reduces unemployment and raise the level of well-being and progress of the people of Iraq and also uttered master rhetoricians and sages faithful Ali bin Abi Talib (AS) by more than four centuries (that if self-sustenance reassured won).

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