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Competitors: State monopoly of production weakens commercial competition
26/3/2018 12:00 am [rtl]Baghdad / Emad Al-Amara Experts describe the expansion of the activity of the public sector economic monopoly forms leading to lack of competition with the private sector, and even if the state left a specific area of the private sector in some economic areas, it will be weak and therefore will be lacking the spirit of creativity, because growth and economic progress are achieved by the collection of private projects, Which seeks individually to profit by increasing production and improving quality. Economic efficiency and economic academic Dr. Abdul Sattar Abdul - Jabbar Moussa said that " the state monopoly of economic activity will be killed in the workers in the enterprise motivation to achieve the best use of economic resources in the form that achieves maximum profits and the lowest cost and the benefit of social." He added to the "morning" that the loss of profit motive is due to the mechanism of the system of wages without economic vitality, it is disconnected from the relationship to production and productivity and profits, and there may be cases resulting from the economic activity of the state is characterized by monopoly does not allow competition and cover protectionist policies and thus lack of domestic and external competition, Options for the consumer, which makes it grab the demand of the local market and impose the price that will earn him despite the inefficiency of the project. " Loss of balance "The total economic balance is equal when the total supply of goods and services is equal in an economy, with total demand, with a lot of details," Moussa said. "The state's control over economic activity and its consequences are related to the lack of economic and technical efficiency, Because of the lack of profit motive, the economic projects will achieve total productivity levels below the total demand level . " "This will cause a total imbalance that will lead to structural imbalances in the balance of payments due to increased imports on exports and a deficit in the general budget, as well as unemployment and inflation that will affect the economy," he said. Administrative price Moussa explained that "the lack of economic competition, because of the control of the state on economic activity, will be absent market mechanism in the function of pricing and administrative prices will replace the real market prices, which means the loss of alternative opportunities options in the use of economic resources characterized by scarcity and economic efficiency in the exploitation to satisfy the needs Growing humanity ". "Low levels of aggregate supply, along with economic and technical inefficiencies, will make the country imported or unable to export goods and services and compete internationally." Economic reform , Moussa said "many developing countries embarked on the development of their economies through state control of economic activity individually or with limited participation with the private sector , And the beginning of the eighties of the twentieth century was the debt crisis in a large number of those countries represent the inability to repay those debts, especially Latin American countries, primarily Mexico, the oil country outside the Organization of Petroleum Exporting Countries OPEC, Brazil and Argentina. "He concluded by saying that" The International Monetary Fund and the World Bank to put forward a new issue called the economic reform of those countries, under the policies of stabilization and structural adjustment, and the debtor or requesting a new loan to abide by, and the IMF and the World Bank expressed their willingness to provide support and technical advice, Through experts and studies of countries experiencing macroeconomic problems [/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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