Financial liberalization promotes developing economies
[rtl] BAGHDAD - Imad emirate
raised the issue of financial liberalization interest in the majority of countries in the world and developing countries in particular, to the financial sector of the importance of the economic process with respect to its evolution and to achieve growth rates, has been proven by experiments that you can not achieve economic reform and overcome thenegatives immune to what pursued by countries of reforms affect the financial policies, and the financial liberalization contributes to the transfer of capital to poor countries to achieve development in various sectors.
within this axis, the economic academic Dr. Abdul Karim Jaber Hnjar of the Faculty ofadministration and Economics at the University of Qadisiya , said: the financial sector a significant contributor in raising economic efficiency and stability, noting that the majority of reforms and the restructuring of economic activities involving the allocation of funds (capital resources and savings and investments) and directed towards the optimal use and this is not , unless the financial sector was not on the level of efficiency and theability to
accommodate changes. economic power , adding Hnjar in an interview »Sabah» that thefinancial sector is used as a stimulating and important for growth through the collection and Firat various changing economic power means and distributed among funding requests competing, adding that growth in any period depends on the share devoted to the national income of the investment. monetary policy and said Hnjar there are levels offinancial liberalization, local ones , which aims to achieve control using monetary policy instruments , rather than the mechanisms that hindered, while the second level is the aim of financial liberalization in which operations to adopt exchange variable isdetermined according to the market mechanism, and contributes to the movement ofcapital between markets. balance of payments and pointed out that the balance ofpayments plays a role in the financial liberalization and the speed of movement ofcapital, under a fixed exchange rate, the rapid monetary expansion leads to the deficit in the balance of payments and because winning inflation countries have to add restriction on this procedure. he concluded Hnjar saying: that financial liberalization processes, and under the economic theory traditional, represent a flow of capital from rich countries towards poor countries over their investments by more than the level of savings, so wecan say that he achieves a great benefit to the economies of developing countries due to the employment of capital in the service and production projects contribute to addressing economic problems gradually down to levels development relative toescalate over time.[/rtl]
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