Investment offers a wealth of human resources for subsequent generations

Investment offers a wealth of human resources for subsequent generations

1/30/2016 0:00

An invitation to exploit them properly

BAGHDAD Mustafa al-Hashimi

is investment in human capital of the most important achievement of sustainable development factors that Iraq needs to ensure wealth for future generations which would achieve the status of the future of the country commensurate with the historical depth.

In this regard, said the academic economic Dr. Majid Baidhani in interview »Sabah» that Iraq is full of human resources that have not exploited properly, indicating that the country is one of the youngest countries of the world except that this feature did not employ the appropriate destination.

and between Baidhani to have conditions that gripped Iraq over the past few decades of war and its aftermath, Besides misguided policies have led to weak management of this vital economic profile of what a negative impact on the general economic situation of the country.

According to experts, the human resources is one of the basic standards of the wealth of the people being the most important capital components and assets affecting the economic and social situation of the countries, which emphasizes the importance of resource development Human in achieving economic growth.

saw Baidhani that investment in human resources represents the best long-types of investments-term, noting that several countries have invested human properly exploit all available energies properly led to the technological and industrial and commercial development, which characterized by China, Japan and other countries Southeast Asia, noting that it came after economic growth and high rates achieved and managed to overcome the underdevelopment stage, what its people because occupies a leading position among countries of the world based this on its human resources after their skills and capabilities development.

He stressed that the world is witnessing now of a major development in associated with information technology due to what has been rehabilitation of the capabilities and skills of high level through human capital investment, which represents the real pillar on which countries

advanced.

He pointed out that the exploitation of human resources will result in the exploitation of all natural resources enjoyed by Iraq after to be an important source Planning and Development, is what makes the rest of the human elements able to run and employ material resources available to the country, as those resources contribute effectively to the achievement of the set objectives if Matovrt positive conditions and the general stability of the country.

It is noteworthy that there is a joint plan between Iraq and the World Bank on the one hand and the government and the private sector On the other hand aims to develop the abundant natural resources management in the country and improve the investment environment focused on institutional development and investment promotion.

He returned Baidhani to confirm that the Iraqi economy Rieia depends on oil revenues to fund 95 percent of the state budget without a significant contribution from other sectors in the formation of national income being longer countries that drain the oil wealth at the expense of future generations without producers. Stressing that the current stage requires speed up the implementation of plans and programs for investment of human capital in order to ensure the provision of wealth for future generations qualify them to position itself in the future commensurate with the history of Iraq.