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Economic resources management efficiency substitute for borrowing
5/30/2016 0:00
[rtl] Baghdad -imad emirate
said the academic from the Faculty of Administration and Economy in Qadisiyah Abdul Karim University Jaber Hnjar: to exploit the diversity of financial resources and good in any country in the world would the administration that is the country from the global financial institutions , which are often conditional on measures loans may disproportion sons that country. He Hnjar «morning», contributed to Africa, for example, in theadvancement of the industrialized world since the late fifteenth century when he entered with Europe in a joint commercial exchange where this led to the exodus of wealth, especially gold from the first to the second, and in our time is still the continent brown face significant challenges.
He said to try officials work to improve economic and social conditions, and therefore headed to the world markets in search of financial and technological resources and capabilities, but it seems that the outcome of such attempts do not come to fruition, as it is still 45 percent of the population of the continent's 700 million people live on less than a US dollar a day, as there are 24 African countries among the 32 countries at thelowest ladder of human development. He Hnjar, figures indicate that foreign trade in food commodities (oil, cocoa, coffee and sugar) recorded a surplus of $ 31 billion in 1980 ,dropped to third in 1995, and recorded in the same year a deficit of two billion dollars, and this of course if Maslmna specialization historic this continent in the export ofmaterials, how the case is under the force of the WTO agreements?
He pointed out that trade in industrial goods , then surely that the deficit continues, notes from the figures that the main partner is the industrialized countries, whether to discharge its core product or a source for advanced goods technology or grain as food for their people.
He Hnjar: that African countries, as do developing countries, borrowed from theinternational financial market to finance the development of its requirements, has obtained loans from official and commercial private sources.
Hnjar reported that schedules debt figures only show African long - term debt and agreed it as easy debt and assume conditions lending soft notes mounting debt after that was approximately $ 140 billion in 1975 jumped to $ 157 billion in 1998 In contrast escalated debt service as well, and demonstrates the continuity of dependence on foreign loans after the decline in official development assistance size and thedeterioration of the terms of their terms of trade.
he concluded Hnjar saying: refers debt figures first long - term debt ratio to gross national product, and shows this indicator escalating proportion Maigttah lenders of GDP, since any economic activity must be reflected in the evolution of GNP, this development requires more investments that exceed the available local resources, this means looking for a large part of financial resources through external loans, the escalation of this ratio observed continuously even recorded 99 percent of the gross national product goes to creditors and this Mascl in 1999, the second trend is ratio of debt service to exports ofgoods
and services.[/rtl]
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