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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

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    The establishment of a development bank that supports the transition to a market economy

    Rocky
    Rocky
    Rocky
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    • Post n°1

    The establishment of a development bank that supports the transition to a market economy Empty The establishment of a development bank that supports the transition to a market economy

    Post by Rocky Tue 06 May 2014, 5:37 pm

    The establishment of a development bank that supports the transition to a market economy

    7/5/2014 0:00

    Two experts stress the importance of managing the economic file by the private sector

    BAGHDAD - Farah pumice

    In order to move towards a market economy and trade liberalization in the country, the opinion of specialists to give up the state in the economy, the role of the merchant and the product, and to be role catalyst to improve the investment climate and business environment and its personnel security and environmentally, as is the global trend, by giving way to the private sector in management of the economic file, in line with what was brought by the Constitution of the role and effectiveness of the sector in the development process.

    This comes at a time when the Ministry intends to trade import rebar inside in the construction and reconstruction of the origins of global purchasing card is estimated at 300-400 thousand tons annually.

    Economic expert Ali Fukaiki considered that the import of State for rebar does not offer an advantage for the national economy as compared with steel traders, on the other hand, the lifting of quantitative restrictions and price and administrative for your import and scrapping the requirement to obtain a license prior, that will not leave an advantage to imports ministry over its imports the private sector, particularly the work of the ministry involves costs invisible to the national economy is the opportunity cost which is about the cost of the national economy still avoid that in case if you do not import the ministry.

    He added Fukaiki in his «morning» The import of the government away from the concepts and rules of the market economy, especially as they are enjoying the benefits of which exempt imports government of customs duty and his belongings, the exemption from the requirement to obtain the import license prior, as well as exemption from income tax, as well as stores storing goods imported to the ministry concerned does not meet the storage fees for those goods.

    In the eyes of an economist, Dr. Majid picture that in the current transitional phase it is possible that the State exercises its work in some of the trade issues, either services (non-infrastructure), it is possible to turn them into the private sector, which has proved its role in meeting the basic needs of the Iraqi society, stressing that the imposition of control by the government on some business by monitoring the main source of the commodity and even received by the consumer is also located within the responsibility of consumer protection associations.

    And between the picture »Sabah» in general that do not specify the identity of Iraq's economic, you are centralized totalitarian or market economy, as it is in Germany or America or China and other countries in general, stressing the importance of the private sector in the field of industry, agriculture, tourism and services, as it is an engine actor of the Iraqi economy, as the Constitution provides for the importance and the role of this sector in the economic development process.

    The most prominent proposals and solutions that are in favor of the shift towards a market economy urged the expert to set up a bank new development will not be built on the specialized banks are currently strewn procedures and routines, and that is capital so great that he does the productive sector and the service is fully whether public or private to compensate for a large proportion of imports and stimulate the Iraqi economy and revitalize the securities through the establishment of joint-stock companies, as in the experience of Germany after World War II, they returned it with a very successful experience through his work (the bank) in a manner governance and high professional, to be able to separate the political struggles for basic tasks at hand, a the process of economic development.

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