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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


    Rayyan economy syndrome

    Rocky
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    Join date : 2012-12-21
    • Post n°1

    Rayyan economy syndrome Empty Rayyan economy syndrome

    Post by Rocky Thu 09 May 2019, 2:32 am

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    Abbas al-Sabbagh
    It is no longer joyous that the news about the rates of export of oil and its prices in the global market upwards to finance the budgets of countries that rely on rents in its economy, such as Iraq, and remains a chronic concern for those who monitor the graph of the levels of these prices in the case of continuous decline and instability, has accompanied rents philosophy and conduct the economy Since the discovery of oil in it and export it for commercial purposes in the early fifties of the last century to replenish its financial budgets since that date and so far linked to the Iraqi economy directed centrally and away from the market economy at a barrel, which was still controlled to several factors As a result of these data, which indicate that about 98% of the financial budgets are to pay their bills from the export of oil, the Iraqi economy as a whole at the mercy of the price of a barrel of oil, which has suffered this economy since 2014 and concurrently With a strenuous attack But at the same time it is falling rapidly for the same reasons related to the supply and demand levels, the international political crises and the climatic fluctuations. There is nothing fixed in oil prices which means that it is not a stable economy as long as it depends almost entirely on the export of oil. And financial bottlenecks make public budget engineers and budget programmers in an awkward position as the fluctuation of oil prices is one of the challenges of economic diversification in Iraq because it is financially and economically depends on oil rent very significantly, any fluctuation in oil prices, The financial resources are scarce and unstable amid growing and increasing requirements, not to mention the requirements of the International Monetary Fund in the event of lending to some countries that have to borrow from it as Iraq did to overcome the financial crisis that was More than a suffocation especially during
    It is clear from the above that the seriousness of the syndrome of the rent economy lies in the dependence of the current generations in a shaky economy and the exhibition surprises that are often unpleasant and subsequent generations are vulnerable to the depletion of those resources for each resource life of a default and specific it is imperative to form an oil sovereign fund in Iraq to preserve the rights of future generations What has been overlooked by the political class since the establishment of the modern Iraqi state, it is not permissible to rely entirely on the rent economy currently or in the future as a volatile economy so that governments can not determine the prices and install because the prices are determined in international markets and avoid the seriousness of the syndrome of Rentier economy inherent in the current instability and future depletion must:
    Transforming the Iraqi consumer economy into an investment productive economy by providing a climate that encourages investors to invest in productive sectors. And the activation of the private sector (market economy) and the non-exclusion of the entire state, which should take the role of supervision and directed to the private sector and there is a need to revitalize other economic sectors, which breaks the monopoly of oil and is in dire need of large-scale infrastructure and the monitoring of large funds and legislation laws to create an atmosphere suitable for revitalization The provision of human cadres and financial and logistical support to any vital economic sector and in a comfortable atmosphere of reassurance and mutual trust as well as creating an appropriate ground for economic work, such as reducing bureaucratic rings discouraging work, many countries were able to coexist with oil rents While maintaining free trade, economic planning and investment.
    Iraq does not lack the economic, agricultural, tourism, industrial or human expertise to be a major source of diversification of sources of rents with the revitalization of the oil sector itself, which remained a sector of decaying and dilapidated and sometimes insufficient to meet the needs of the local market is a sector will need generations later.


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