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The private sector suffers from tangled imbalances
9/19/2016 0:00
[rtl]BAGHDAD / Suha Sheikhli
is a private sector job substrate in major economic development as a force with thepublic sector contributes to lift the national economy actually deteriorating and prevent exposure to a large jolt, especially after the decline in oil prices , which have caused financial hardship requires activating the role of the private sector. Power economic and in this regard drew an economic expert , Dr. Akram Abdel Aziz that the private sector is an important element in activating the economic cycle and increase production and diversify the sectoral structures of the economies in the world by virtue of being an important and effective and real economic power in the process of these economies.confirmed Abdul Aziz said in an interview »Sabah »that the private sector subjected to the constraints limited the progress, development , and stability because of the holistic planning and subordination of all aspects of the economy to the public sector since been directly linked to the state by virtue of the nature of the system of central economic before 2003. She said that the performance of the private sector affected by thepassage of the means of production and limited sources of funding as well as damaged many of the plants and factories and production requirements of available time and exposure to the closure or destruction and loss and the inability of some of them to compete with foreign product after 2003 Majolh turn toward rapid profiting where characterize his performance fluctuated degradation and stagnation fueled instabilityyear. confirmed Abdul Aziz said the indicators affecting the reality of the private sector refers to the fact laggard needs to intensify its efforts to improve its role and expand its contribution to economic activity, pointing out that the poor performance of the private sector and Dmorh gradual contradicts government trends , which calls to make it asource of strength for the economy and the sector active and shovel it in economic development. indicating the importance of expediting the resolving obstacles to thepromotion of the private sector being the main pillars to address imbalances in anattempt to build and reform. He said economic analyst Abbas Ghalibi that the economic landscape is still suffering imbalances, particularly its dependence on oil by more than 90 percent, and the lack of productivity of active sectors in stimulating the economy. He Ghalibi when the Constitution speaks for market economies is supposed to be there productive sectors accompanied walks Bmoisadtha activist and an active private sector, noting that the erosion of oil prices , Iraq offered to a severe crisis, stressing that despite the openness and free trade is still the economy restricted since 2003 yet. strategic plans and refers Ghalibi to the importance of activating the private sector plans forstrategic government and support the banking system able to give expanse of activities to the economic sphere to activate the role. He pointed out the need to open the door for investment and the use of international expertise to create a chance for cooperation between private foreign and Iraqi sectors, pointing to the need for the return of migratory capital and work to attract to achieve investments in all economic sectors.[/rtl]
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