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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    'Economist stresses need to focus on the productive sector to compensate for import Economy

    Rocky
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    • Post n°1

    'Economist stresses need to focus on the productive sector to compensate for import Economy Empty 'Economist stresses need to focus on the productive sector to compensate for import Economy

    Post by Rocky Wed 19 Feb 2014, 2:07 pm

    'Economist stresses need to focus on the productive sector to compensate for import Economy

    02/19/2014



    Economy 02/18/2014 - Baghdad


    Called economic expert Majid picture attention to the productive sector in Iraq imports to compensate for the survival of Iraq and avoid relying on imported depletes its assets and achieve development in the outside and not inside the country.
    He said in a statement to KNNC: "The volume of imports rose from 9.6 in 2003 to 75.2 billion dollars in 2012, and continues to increase if it is not brought under control due to the absence of any supply-side production in Iraq, and its weakness helped the high volume of imports ".
    He said the picture: "The responsibility for that lies on the Iraqi state that encourage consumption significantly, whether at the state level or the individual, as well as that the state is in control of the purchasing power in the local market," he said, adding: "To improve the level of employees' salaries in general led to a rise in demand for durable goods was only a quick or consumption. "
    It is noted that with the change in Iraq after 2003 entered Iraq a lot of goods, some in favor and in good condition and others are lousy, and the market has become Iraq's semi-open, and it was including these materials cars Almnafisat, which is the trade based on the exploitation of the new situation in Iraq, and this helped to deflation and the deterioration of domestic production for all industrial products, with the percentage contribution of the industrial sector in GDP is less than 2%, which is also lower than the rate that ensures a breakdown by sector in the local economy, which was estimated in the Lima Conference of 1970 by 25%. In addition, the exports have been adopted mainly on crude oil, and despite the increase in exports during the period that followed in 2003, but that did not lead to the reform of the deficit in the balance of payments and to attract foreign investment, and that the policies of trade liberalization has led to the evolution of the volume of consumption after a year 2003, and exponentially due to higher income levels which reflected negatively on the level of savings and investment.


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