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Support domestic investment
Author: [You must be registered and logged in to see this link.] 04/9/2018 12:00 AM In light of the recent announcement by the Central Bureau of Statistics, the rate of unemployment among young people in the age group between 15 and 29 years in Iraq was 22.6 percent. Which means that we are facing an urgent need for serious national remedies, can employ these youth energies in development plans, and provide opportunities for decent living, away from relying on the idea of the advent of foreign investment in which a lot was said, and did not come foreign investor, "despite the existence of the law Attractive investment and sovereign readiness to provide investment guarantees . " It is important not to leave the youth labor forces (to borrow the economist Adam Smith, who sees the market mechanism as "hidden hands" that create jobs) without seeking to create positive investment environments with a national capital committed to economic laws, Such a domestic investment requires further support by providing guarantees similar to the guarantees that can be provided to the foreign investor regarding the protection of funds and enterprises, facilitating the receipt of inputs, marketing of outputs and protecting the product through the activation of laws regulating market relations with more banking and procedural facilities, In attracting domestic capital . It is also important to employ some of the activities of the shadow economy in line with the values of society in accordance with the law, making them official revenue generating activities that finance non-oil revenue accounts in the public budget by transferring state properties that have been vacant for 15 years to centers and locations for these activities as well as the importance of the legislation of the social Insurance Law , which guarantees a pension for workers in the private sector, and contributes to reducing the pressure on government jobs, next to the importance of activating the initiative of the Central Bank for granting loans to specialized banks and also provide facilities for small and medium . We do not deny the country's need for foreign investment and the need to work towards attracting capital that can contribute to the creation of real development, but we demand that reliance on foreign investment should not be limited to solving the economic problems we face without seeking to create an investment environment that gives priority to local energies. Such as this may disrupt the treatments and bet on the sovereignty of the country and its national decision in favor of external guidance, while employing the investment movement in the map of conflicts in our region, and under pressure interventions on the business sector in the region and the world in favor of the owners of the capital of globalization. [You must be registered and logged in to see this link.] |
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