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Economic transformation requires moving the public and private production
7/3/2016 0:00
[rtl] BAGHDAD - Imad emirate 's
economic academic Dr. Ammar Majid stressed from the Faculty of Administration and Economics at the University of Mustansiriya the need to find ways to address the high prices, noting that the front of the makers of economic policy decision - makers to adopt economic choices that fit the nature of the community and the local economy.
He said Majeed in an interview «morning» that these choices must be made at the heart of the Iraqi economy away from the interests of the international institutions in line with the nature of the economic transition in Iraq, and this can only be achieved by moving the machinery production in the public and private sectors that suffer from deadlock as aresult of the invasion of the local market by foreign goods broadly.
He called glorious to be urgent and fast plans for the advancement of the agricultural sector , which suffers great negligence, with the need for the advancement of the Iraqi industry through technological innovation to reduce the cost of producing units and continued factory output and economic projects and increase its capacity to accommodate the numbers of unemployed.
He noted that inflation was due to the repercussions of the wars that took the scope and impact of economic policy that have been developed solutions and treatments to lift theeconomy out of the fact deteriorating, is that most of these treatments were not successful in correcting the economy path as required, but reflected the increasing price levels in the domestic market as led to the devaluation of the local currency with thecontinuation of the state to issue banknotes (cash event) at the time.
He said those conditions contributed to the rise in economic development expense and weaken confidence in the national economy, and the drop in exports led to a decline in the public treasury the proceeds of foreign currencies, and the lack of import tuning and weaken the value of accumulated savings and lower their contribution to the development, as well as inflation led to damage classes with limited income and thedepth of the severity of the discrepancy between the entry segments of society.
He said Majeed that inflation rates have increased dramatically after the events of 2003 as a result of structural imbalances that hit the economy due to the lack of efficiency and the ability the management of ministries and institutions and control decisions
Central.
He pointed out that this contributed to cause economic crises that have strengthened unity of corruption in state agencies and affected the growing inflation waves, and noted that the rise in prices gradually began with the occurrence of oil products crisis then moved to infect the transportation sector , and intensified the crisis to affect the lives of the citizen with the intensification of the electric power crisis continued in power and interruptions.
He pointed out that it contributed to the decline in living standards and a large disparity in wage levels between segments of society, which showed the categories have high levels of well - being of the beneficiaries of the occurrence of crises and other categories receive agora hardly enough to meet the requirements of living in the shadow of high - rise in the prices of goods and services in the local market, and reflects thefigures over the big change in the movement of prices since 2003 and especially fuel and lighting that changed prices up to twenty fold.
, and figures data indicate that the individual who needed to spend 100 000 dinars in 1993 to get a particular commodity has become a need to spend 248,000 dinars in 2008 to get the item itself, this refers to the erosion of the real value of money and theimpact on the poor quality of goods, and the individual 's confidence in the value of thelocal currency loss leads to his increase request on goods and services and this pays producers to the lack of attention to the quality of the item as long as there is a great demand by the lack of adequate alternatives.
he glorious in his closing remarks that, despite the establishment of the state to increase employees ' salaries to cover developments in the prices increase but significant shortage of essential services and the expansion of administrative corruption cases and holds the individual most of these essential services costs have dispelled these increases because they have endured the rise in prices resulting from these increases without acquire any additional entry and thus deepened the gap between segments ofsociety.[/rtl]
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