Home
Common phenomena in developing economies
Economic 2024/08/27
[You must be registered and logged in to see this image.]
Yasser Al-Mutawali
In order to understand the reality of our Iraqi economy, we must look at the experiences of success and failure in economies close to or similar to the circumstances and challenges facing the Iraqi economy in order to benefit and overcome the challenges and causes.
There are commonalities in the causes of structural imbalance in the economies of developing countries in particular, including Iraq, of course, and the reason is that they are recipients of financial and economic crises exported by major countries that dominate the capabilities of the global economy, and exporting crises is either intentional or a result of conflicting interests between the major countries.
Perhaps the most beautiful description of the global economic situation I have read was in what an Arab international economist said, which he summarized in three words or synonyms: (confusing, thorny and pressing), which is a realistic and accurate description indeed.
He attributed the reason to the multiple errors in setting public policies and implementing the procedures required to implement these policies, or rather the important ones.
It is clearly evident in the results achieved as a result of the errors, with the emergence of large deviations between what was drawn up in public policies and what was implemented, and this gap is the criterion for evaluating the economic reality of any country.
The aforementioned economic expert believed that one of the most important reasons for this deviation is the issue of choosing the right man in the right place. At the same time, he acknowledged the great difficulties facing the economic planner, especially in finding an accurate mechanism for the optimal choice of economic work paths, as they conflict or intersect with the desire of those in charge of political decision-making for this choice. Herein lies the difficulty of finding solutions! This is the reality of the situation in developing countries.
This phenomenon, or the vision and analysis regarding it, is one of the common issues among countries that suffer from difficulty in finding solutions to economic problems due to the many structural distortions in their economies, according to the opinion of that international expert. There is much evidence that proves the validity of what that thinker and economic expert went to, specifically: (the difference between policy-making and implementation) in the experiences of several developing countries. What concerns us in this analysis is the need to pay attention to the importance of overcoming such challenges by all available means, as it is noted that there are persistent government efforts and serious practical steps in formulating economic policies that include realistic solutions, and this is what is included in the government program, and what is required is to address some cases represented by the weakness of implementing the policies drawn up in the best possible way by some, which may be the reason for the weakness of executive experience. What is required now is to work on finding a solution to the problem of appropriate selection in executive positions, while acknowledging the difficulty of having a ready mechanism for the solution. Despite this, the government realizes the importance of this option and must continue its well-known attempts to investigate administrative and technical competencies continuously.
The great interest that the government has provided in the services sector indicates the extent of its accuracy in formulating sound policies to address traffic congestion, for example, as well as in the field of addressing the housing crisis, and what is required is continuous follow-up of implementation in order to avoid falling into the mistakes noted according to the vision of the international expert, which he summarized as the problems of the separation between planning and implementation.
[You must be registered and logged in to see this link.]
» utube 9/12/24 MM&C Iraqi Dinar-#iraqdinar-#xrp-Baghdad-Kurdistan-Historical Meetings-Global Attent
» MM&C 9/12/24 Economic renaissance and unprecedented progress.. Iraq maximizes its non-oil revenues a
» Rafidain explains the benefits of electronic payment
» International Coalition.. Withdrawal by Government-Political Agreement
» Russia: $19 billion is the size of our investments in the energy sector in Iraq
» When will the government resort to amending the budget law? An economic expert explains
» After the decline in oil, a government advisor: We have the capabilities to confront the problems of
» Salaries are “sacred” but the price will be high… Is Iraq ready?
» The “Access to Information” Act classifies documents as secret and undermines access to them.
» Movement leader talks about US military movements inside Iraq
» Legal expert clarifies charges related to audio recordings of officials
» Coinciding with Pezeshkian's visit... indicators of Iranian exports to Iraq
» Al-Hakim calls on Parliament to vote on the Programmers Syndicate Law
» Nineveh Council: The province is free of tribal "debts" and 80% of disputes end without problems
» US Embassy in Baghdad Holds Iran-Backed Groups Responsible for Tuesday's Attack
» Central Bank denies forged letter regarding dollar sale
» After Al-Sudani’s statement... What is the importance of moving towards “privatizing” government com
» Confirmed the existence of 3 partnerships with Baghdad in energy.. Turkey: We have great potential f
» The Iraqi Integrity Commission and the Jordanian Anti-Corruption Commission discuss the mechanisms f
» A new front in the conflict with parliament.. organizations and journalists confront a law related t
» Political stalemate deepens crises.. Delaying the selection of the Speaker of the House of Represent
» Iraq receives 13 offers from Egyptian companies to implement road and bridge projects
» Shatt al-Arab pollution crisis: an existential threat to food sources and ecosystems
» With Pezeshkian's visit, Tehran aims to increase trade exchange to 50 billion with Baghdad
» Minister of Health approves the distribution of trainee doctors, graduates of 2020-2021
» Interrogation is almost suspended in the Iraqi parliament.. What are the reasons for the absence of
» Iraq 'concerned' about climate change threats to historical monuments
» International ruling against the Central Bank obliges Iraq to pay $11 million
» Alsumaria headlines: Central Bank fine and judicial investigations into integrity leaks
» Of a different kind.. A new espionage campaign in Iraq
» The second in two decades.. Iraq is "empty" of Americans again and Baghdad "will request their retur
» Details of a lengthy meeting in Iraq revealed, from which Pezeshkian left "frustrated"
» US dismay at Pezeshkian’s choice of Iraq as his “first stop”…and domestic political support for with
» Amendments to laws concerning state employees
» What does Iranian President Masoud Pezeshkian's visit to Kurdistan mean?
» In numbers.. Indicators of the development of Iranian exports to Iraq
» Washington identifies group accused of bombing diplomatic facility near Baghdad airport
» utube 9/10/24 MM&C IQD Update-Iraq Dinar-#iraqidinar-#xrpIraq Reconciling-Unif
» Parliamentary request to host Al-Sudani amid threats to the Federal Court
» Al-Sudani stresses the importance of partnership with the private sector to meet market needs
» Iraq, Saudi Arabia discuss joint legal files
» Al-Maliki: Combined efforts of political forces prevents the collapse of Iraq
» Parliamentary bloc disputes: Vital laws await and divisions grow
» Türkiye: Exporting Iraqi oil via Ceyhan is an alternative and an opportunity to diversify transporta
» Economist rules out any move to amend salary scale
» Al-Surji: 3 reasons behind the weakness of the Iraqi position towards the Turkish incursion
» Minister of Planning: There are no political obstacles preventing the population census
» Al-Sudani sponsors the signing of 3 contracts for industrial projects
» 19 MoUs Signed on First Day of Belt and Road Summit
» Issuance of more than 191 thousand national cards for those covered by social protection
» Housing Fund: We will issue 16,000 transactions of bonds by this date
» Parliamentary Services calls for investing in open lands and turning them into parks: Citizens need
» Iranian Minister of Roads: We will hold consultations with Iraq regarding strategic railway link
» Pezeshkian discusses with Iranian traders obstacles to developing trade with Iraq
» Banking Association Advisor: International Payments and Banking Technologies Conference a Platform t
» Parliamentary Committee Rejects “Free” Oil Export via Aqaba Port
» Unprecedented renaissance.. Iraq's economy recovers and its debts fall to "lowest levels"
» Government confirmation regarding the population census: It will be conducted on time and without ob
» The President of the Republic confirms Iraq's keenness to enhance economic cooperation with its brot
» Transferring youth from social care to education and municipalities
» Exceptional relationship
» Iranian President to {Media Network}: We are determined to strengthen our relations with Iraq
» 14 new memoranda of understanding between Baghdad and Tehran
» Today.. Al-Sudani opens the 25th edition of the Baghdad International Book Fair
» Iraq and Iran towards a strategic partnership
» Strategic Planning for {Sabah}: Census will revitalize services
» The Protection Authority issues more than {1100} smart cards
» Establishment of the Arab Academy for Agricultural Training
» Construction of two residential cities in Muthanna
» Education announces its programming plan for educational television
» Transportation: Efforts to re-raise the Iraqi flag on our ships
» Great preparations to celebrate the birth of the Prophet
» "The killer of the poor".. Why do the poor of Iraq resort to committing suicide with "rat poison"? -
» Three-pronged strategy reduces smuggling in Diyala by 80% in 16 months - Urgent
» Resources discusses winter agricultural plan
» Suspended since 2015.. Accusations against the regional government of procrastinating the issue of e
» With the document.. 4 parliamentary questions directed to the Governor of Baghdad regarding the dela
» Erbil enters Baghdad through Tehran.. Pezeshkian is the region’s lifeline with “power of influence”
» Iranian press "neglects" Pezeshkian's visit.. What is the connection with the reference Sistani?
» The President of the Supreme Judicial Council receives the Saudi Ambassador
» Chairman of the Integrity Commission thanks the Iraqi judiciary for opening an investigation into th
» Economist: The interests of producers and consumers are achieved through a fair price for oil
» Parliamentary Investment Committee gives “advice” on new memoranda signed with Iran
» Parliament supports Kirkuk government and we are ready to be a link for the return of boycotters
» Al-Sudani snatches the "stay" card from the angry "framework"... and the dispute between them intens
» Iraq launches drone industry
» Iraqi Parliament Faces Political Paralysis: Partisan Disagreements Disrupt Legislation and Weaken Ov
» Turkish violations of Iraqi territory exceed 25 thousand cases after 2003
» Federal Minister of Justice meets with the Head of the Kurdistan Regional Government Representation
» Iraq exports 108 million barrels of oil during last August
» Al-Mandlawi to Bazeshkian: Memoranda of Understanding between Iraq and Iran contribute to advancing
» Rafidain Bank identifies three advantages of electronic payment systems
» Iraqi judiciary issues new ruling against Zaid al-Talaqani
» Al-Yekti: Türkiye has 50 military barracks in Iraq and aspires to occupy Mosul and Kirkuk
» Oil volatility widens fears of financial crisis, Sudani advisor ‘worried’ about 2025
» Civil Service Council: Completion of the second phase of hiring certificate holders and top students
» Trade participates in UNESCO Digital Education Week
» Iranian President arrives in Erbil on second day of his visit to Iraq