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 (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?

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PostSubject: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 6:24 pm

Leave events experienced by our country after 2003 at both the
political and economic opportunity, but was concern the president where
is the shift toward a market economy, which Aptdotha Coalition
Provisional Authority ruling) civil authority of the occupation (by
taking the initiative to build a quick fixes in the legal infrastructure
for the financial sector and building market institutions money
according to the visions I thought it facilitates the transmission of
capitalist rentier state central to a free market economy as a specimen Eastern
Europe in the transition to a market economy in the least of which was
in the forefront of a law to an independent central bank uses the tools
of the money market is direct in his quest for stability and inflation
targeting and addressing him in order to Tovermnach price appropriately
cope with the mechanism of price liberalization, as well as pass a law
regulating the work of banks, provides Market Iraqi merger and
integration with the international financial market and make appropriate
changes to the Companies Act civil under the exercise of freedom of
trade and foreign exchange. It was accompanied by the provision of the
climate of rapid liberalization of financial policies free interest
rates and bank credit. and this has become political democracy as a
framework for the transition to market economies inherent in a
democratic financial, commercial, and not exclusively for macro-economic
democracy .

At a time lived in public finances by the grace of capitalist rentier
state as a central financial source revenues oil wealth, the terms of
economies in transition, which requires the imposition of severe
restrictions on the state budget to maximize the incentives that lead to
increase the efficiency of the market economy did not find a way but
prevail the idea of ​​justice on efficiency ( through the pattern of the
operational budgets of the state, which was printed during the past
nine years and the launch of the policy through the widespread use of
annual budgets) to bring the idea of ​​the welfare state rentier severe
justice to the idea of ​​a transformed economy strong enough in
character and use of the labor force. Legal framework and institutional
guarantor of property rights and regulatory rules that allow access to
the market transition Blabralah high, today was limited to two markets:
the financial market are free and then the commercial market-based
funding on the market As part of his previous unilateral democracy of
the financial.

Democracy of the current financial research topic is today a source
of conflict and generated continuous across the problem of unresolved
between state capitalism and financial capital, a civil conflict that
has not been resolved after the extremes in the arena of economic policy
today.

did not provide economies in transition in Iraq after 2003 of the
foundations of economies in transition macro to a market economy
Alamsbbat conflict of freedom’s broad financial and create a financial
market equivalent of liberation incontinent in foreign trade, while not
seen elements of economies in transition, the other a motionless as
possible that is integrated with financial liberalization Whether in the
privatization of public enterprises (which almost its two hundred
project and includes among its ranks less than a million workers,
semi-worker or unemployed) or to impose severe restrictions on the state
budget to maximize the incentives that lead to the improvement of
efficiency of productivity and optimal utilization of resources or even
the establishment of legal and institutional framework guarantor of
property rights, according to the requirements of comprehensive
transformation or transition to a free market economy. As it is said
that our country is still mired more than six thousand a limitation of
the official instructions and regulations and the laws of various
accumulated over the years and currently in force and which do not
provide sufficient transparency to enter the free market and the conduct
of the business environment productivity.

When characterization system of state capitalism, and forces the
transition to a market economy, the characterization of this they have
to take a different pattern in the central oil rentier state Krosmalah
state to allow characterization of the capital system in Iraq and the
problematic transition to a free market economy. Apart from what several
anarchists in the history of economic thought a mixture of state
socialismstate socialism is the equation of the essence of state
capitalismstate capitalism in terms of state control of the means of
production and sources of wealth, and he knew Nicholas Bukharin, one of
the leaders and thinkers of the Russian Revolution in 1917 in his book:
imperial and the World Economy (1915), describing the new phase in the
development of capitalism as state capitalism, at the time warranted the
October Revolution of its economic policy newNEP in Russia in 1921 that
state capitalism run from the dictatorship of the working class and the
dominance of the forces of production workers. But that did not stop
the world in the early nineties of the twentieth century, the
involvement of about 30 countries, who have enjoyed state capitalism or
state socialism, the phenomenon of shifting the economy towards a free
marketeconomies in transition. and described the economy at this stage
being the economy is subject to the decisions of a free market away from
central planning, implementation, and takes over the market forces
determine prices and allocate resources rather than the plans of
central, accompanied by the removal of trade restrictions as well as
privatization of state-owned enterprises and resources of different.
Remarkably, of the order, The mechanism of the transition from not only
be done by changing the function of the financial sector in terms of
funding before production.

supposed economies in transition to take over the financial sector
itself and the function of economic stability and regulate the movement
of capital, Al-Ahli, which requires the availability of financial
institutions and independent at the head of these institutions and the
existence of an independent central bank adopt means of indirect
instruments of monetary policy in dealing with the market to achieve the
overall stability of a given vertical creating a climate of investment
and optimal use, however, that in order to discharge the economic role
of the institution of the state in assigning the function of economic
development and support economic growth and social condition of being
converted from a provider of growth and motor developmentprovider of
growth and development function to enable the development and growth
enabler.

and notes that the countries of the world used different models in
the transition to a market economy. Valonmozj Chinese economies which
adopted the idea of one state is different from the model of Russia and
the whole transition countries of Eastern Europe, which is different
from the pattern of other Yugoslav who used a model in accelerating the
shift towards a free market economy.

was born the global economy and no doubt patterns of state
capitalism, the rentier nature co-exist on the centrality of political
Mrkzyatea economic inherent to them. Of growing degree Mrkzihma Ptaazem
export revenues from the resource rent-seeking, poor and troubled
relationship between the center of global economic center and the ocean
depending on the rentier economic cycles generated by the leading
economies in the industrial economy first. While subject to the
facilities of the country in those nations peripheral of the global
economy, whether those facilities productivity or social institutions,
to manage the central state, the outcome of the behavior of the Central
is currently only at the end of constructing a model of state capitalism
or state capitalism rentier and as he referred to Nicolas Bukharin ,
that new development or new phase in the evolution of global capitalism,
and certainly not focused vision Bukharin which singled out the nations
of the world first, which is one of the signs of the First World War
and certainly did not materialize the vision to have on third world
nations as economic rents live in the vicinity of the capitalist world
Ohuamhh which achieved political independence of the unfinished product
of the Second World War and the outbreak of the Cold War in the
twentieth century .

When characterization system of state capitalism, and forces the
transition to a market economy, one has to take is a different pattern
in the oil rentier state or what can be called the central state rentier
capitalism. In order to allow diagnosis of the phenomenon of
polarization of economies in transition in our country, we find it prone
to liberalize financial activity and the evolution of capital market
pattern of working in isolation on the activity of economic development,
public central, accompanied at the same time alienation of real
activity in the markets of other production in a state of stagnation and
unemployment, and free of the elements of economies in transition
policies and fee requirements in an integrated framework for the free
market economy transformed .

relationship between state capitalism and configuration rentier them
and between capital-Ahli, is the result of the birth of a financial
source of such capital rentier central, either by cloning) or
(Partnership in economic activity in the high level of co-existence or
intruding on an incubator of public expenditure to end to foster
financial and multiplication money in the financial market alone is
alone in the building components of the economies in transition to a
free market in Iraq rentier.

On this basis, did not generate our country’s economy, a transition
is clear from the capital of the central state to a free market economy
even in the time absent the patterns of partnership between the market
and the state to act according to the foundations of the market both in
investment or production and development facilities in the country’s
productivity all. On the contrary, they were not born only a
Transitional Economy of Mali was accompanied by neglect fully in
building the institutions of transition exercise its functions as a
market free in the real sector in the later stages all, the only country
relationship market is incomplete transition form Based troubled
relationship in the camp of financial capital in Iraq, fueled by the
state of the coexistence of public finances of the state (to represent
the weight of the financial capital of the rentier state central) and
the severe financial market to move to a free market and the solo Unlike
other markets stalled productivity (to represent financial capital
based Ahli.)

and so on, was not born to move to a market economy in our economy,
rent-seeking, but capitalism central fiscal and civil dealing in the
alienation of Mali and wide in front of the overall market, who missed
the move with him as an investment and production of a real lack of
infrastructure, legal and institutional structures for the transition to
a market economy the real integrates with the financial market within a
national market rather than shifting from one extension to the free
market, the financial corridors of the international financial market
and the absence of development!, which could be called the tax
development.
the financial capital Ahli, who is a clone of the rentier state
capitalism in the transitional economy of financial solo in Iraq did not
free himself of opposites and conflicts of interest in sharing the
wealth and written consent of the financial market and the capitalist
system through the central state financial capital overall. In the midst
of coexistence or intrusion transition, generated incomplete
partnership among the parties of capital (the state and the financial
market), which is unprecedented in the history of capitalism rentier
state in Iraq. Task is the main financial market transition liberal,
made ​​the unilateral severe, is currently only provide incubator are
inspired to move and function to convert the partnership missing for
financial capital and the National completion of the shortcomings
through phases successive direction of the international financial
market and not towards the real activity the local investment and
development, which absent the foundations and the foundations of his
move to free market and the provision of legal infrastructure similar to
what was provided for the free market financial transition. If these
two successive phases:

I: Develop Partnership missing: The creation or the birth of
financial wealth, cloned from the capitalist rentier state through the
equation to maximize the distribution of consumption in the budgets of
state operational and low production efficiency in the transition to a
free market economy productive and enable their development, a stage of
incomplete: it accumulates financial capital assets of wealth actual
cash fast collection represents the rights to view the material or a
real local benefits, goods, services and resources are limited amounts
weak diversity in the market for low-performance futile in the provision
of the prospects of development and economic development does not have
at the same time ready enough to generate real added value and enter the
real investment. On this basis, the financial capital has been
constrained by the civil movement and growth in the embryonic stage of
incomplete integration of the weakness of the markets with transitional
and other Takbtha within the financial market to represent the silent
mobility or expatriate financialfinancial alienation experienced by the
financial capital in a civil partnership deficient) system with
macro-financial capital or financial capital Camp.)

and the other: the process of integration: The achievement of wealth
of financial capitalism, a process of civil integration of any
integration with the global market very liberal, which owns an incubator
with a broad spectrum of markets, the transition functions integrated
infrastructures. Any transfer of wealth to financial wealth under-take a
full financial climate transferred to the local liberal rights and
obligations to offer very broad international diversity in the
international financial market, which we call the writings in the
previous financial capital negative! Which settles in the reservoirs of
wealth out of the country and its transfer from savings or surplus
latent Local (minus civil) to the savings or surplus potential
international (fully qualified) under the mechanism provided by the
current economic system in our country over the conflict between the two
colors to see the scene of economic events, one sees black and the
other sees and white, but the only loser is the real investment in Iraq.

that the current economic system, did not provide the virtue of
economies in transition to a free market structure integrated in front
of this indivisible or unilateral transition from state economy to a
free market economy without financial markets, particularly the other
real. Thus, it has become the financial market free-arm for the
transition of financial wealth missing configuration weak link joints
production in the national economy to financial wealth, complete with
warehouses international capital and the strengthening of accumulation
at the global level and deprive the country of accumulation the real
cross configuration wealth funds, non-sovereign-capitalist financial
civil outside the economic activity of the country.

that the mechanism of action in the transitional economy of Iraq, the
financial touched on a cause of the conflict erupted between the
financial state capitalism (owner rentier great) and financial
capitalism civil (Little Owner) to rent Spam Central .

and Mknunat conflict set off by two factors :

the first is the availability of a high degree of tax-negative on the
financial capital Ahli leading to maximize the accumulation of
financial through tax evasion or tax capitalism is fragile
and the other, and is the role of the financial sector liberalized power
market centralized economy of the transitional provision of pathways
automatically to convert the domestic savings of the positive (wealth
missing to financial capital Ahli according to phase I) to save an
external negative (wealth full financial capital Ahli according to the
second stage mentioned above), a conversion of recent savings Foreign
finds itself in warehouses money safe out of the country as part of an
incubator for liberal high availability domestic financial market
incomplete market international financial.

In this integrated cycle of financial capital Ahli in an incubator
the growth of fetuses in the womb of the market transition unilateral
financial free in Iraq, which result in its means liberal role of
nourishing the president of the tendencies of consumer business with the
outside of the party at the other end ends with a financial negative in
the warehouses of money out of the country as part of the equation
begins by creating financial wealth locally and completed the missing
tools through economies in transition, a phase of financial wealth and
the full completion of the dock with a cumulative turnover at the global
level .

In other words, the turnover pass through the economies in transition
financial free from a local market narrow fragile generating wealth
missing do not provide diversity to act in perfect her (because of the
absence economy transitional national integrated mechanisms of the
market) to take the wealth of capitalism on track to move to
international financial market is highly diverse and wide- flexibility
to act. Here are complete cycle of financial wealth (from the embryonic
stage of financial capitalism (positive) to the stage of full financial
capital (negative, then to enter the financial capital Ahli network of
the global financial capital as a cumulative wealth funds via formation
of a civil Asiadeh! .

did not provide economies in transition financial in Iraq, which is
in such a unilateral severe, the objective conditions for the
sustainability of the economic surplus, or capital formation, spanning
assets of state capitalism, to integrate with the national market that
live earlier stages of the transition to a free market economy, and the
only way it is that opens up a negative impact on the international
financial market and a one-way working on the financing of foreign trade
and / or transfer of surplus financial wealth resulting in head and
turn of the wealth of deficient conditions Oalahlih to the wealth of
full financial conditions to dispose of available markets in the world
with a capacity transition high to a free market economy unimpeded.
economic activity the total breath, both in Rusband or masters, behind
the movement of public expenditure of the budget (a tool of fiscal
policy) on the one hand and the activity of an auction of foreign
currency the central bank (a tool of monetary policy) on the other in
the syndrome is one of the polarization without generating real use High
(as it is still actual unemployment by about two places decimal to
present) or that generates real investment most of the growth, is a
matter of great regret about our economy in Zhardh current to tend
toward the multiplication of money or transferred out of the country or
even speculation in foreign currency as an activity and the priority
exercised by the financial market in its current form, making the
economy more like the so-called casino economy approachCasino Economy or
economy of the gaming room! , A paradox pointed out by economist John
Keynes MainrdKeynes in his famous book, issued in 1936 and is marked by:
General Theory of Employment, Interest and Money, stressing the fact
the so-called: the casino economyCasino Economy to speak in capitalist
economies, as it describes the idea of being a Keynesian economy, seen
from two different angles: Valmdharben money in them that can not be
more harmful once the bubble generation priceBubble in real economic
activity being practiced by the actual production projects, but from the
other corner position will be more serious turn when production
projects or activities to the real price bubbles going on in financial
speculation Houmt Istqdobaa the financial sector or as a tool for
speculation. And confirms John Mainrd Keynes in his book above that when
the economy is set to be the byproduct of all the gaming room, the
function of the economy will play its role of merely an expression of
the patient’s economy!!! Which will not Nrdah We the economists aspiring
to build a real economy and a national firm and strong in the present
and promising in the future, especially when the capital development in
our country heading to be a byproduct of the activity of the gaming room
to speak and there will result in the economy and his job or his role
just the role of ailing economy .

of elite speak, can be seen that the economies in transition to a
free market in our country is only a stage of limited did not move the
market, the financial sector to the free market and the promise of a
transition financially abstract simulates trade finance consumer of
Foreign Affairs and a one-way working on the transfer of financial
wealth missing (seed capital of Mali my family negative / negative or
savings) Otthoelh to the full financial wealth (financial seed capital
Ahli positive / Awadkhar positive). Thus, the financial economies in
transition, is himself Atktml degree Antqalith free market to the
domestic financial phenomenon unless it is integrated with one-way
free-market external (international financial market.)

has worked very domestic financial sector to move to a free market
alone basis taking the task of providing impetus to the alienation of
the financialfinancial alienation and performance of the role of the
incubator for the missing financial wealth created) in the domestic
financial market and transfer to the financial wealth (a full
investigation or embodiment) through the foreign markets). The notice
that the international financial market and integration with the local
market in one direction may have led her role as an incubator or a
complete integration of the embryos in the Iraqi capital markets, strong
transition to free market and its mechanisms, but outside the country
and one-way !

although there is a paradox indicate the economic activity of
financial transition in Iraq, has become an activity distinct in the
calculation of value added services in the components of gross domestic
product, estimated at about 13% of the components of the output role of
the financial market in transition, while not exceeding the contribution
of commodity sectors ( agriculture and manufacturing) in the components
of gross domestic product between a minimum of 7% and a high of 9% per
year. These levels, which reflect the limited production of consumer
rentier structure of current macroeconomic .

that the private financial sector to move to a free market alone,
with the loss of public sector restructuring and privatization of
appropriate infrastructure, legislative help to move the overall economy
to work according to market mechanisms with the hardening of the
attitudes the general budget towards the distribution and response to
the problems of unemployment vast through the expansion of the
phenomenon of use and employment in the balance growing constantly
operational without some productive efficiency in the investment budget.
As it contributed to all these trends in the policy of the general
budget and economic policy associated with the disruption of economic
development and waste of economic surplus candidate to head the
country’s financial, where the waste budget annually returns oil
revenues to the weak market efficiency and productivity devouring
expenses of the budget and Tsthilha to the savings a negative way or
another After satisfying consumer preferences through the gate of the
financial sector moving to a market economy and integrated in the
international financial economy moving in one direction and is exhausted
of resources and development of the disabled. No longer the national
market faculties competitive market in the provision of use of the labor
force and the development of physical investment competence required by
the economic diversity of the country that the system of capital
immersed Bpartyaha (financial capital of the state and financial capital
Ahli) in the game Allataaonah which prohibits the country from the
economic well-being objectives and the attainment of fitness in
allocation of resources between uses different and to maximize the
production of material and head with investment real to Tacherh
unemployment rates low to rank the decimal one and the escalation of
real growth of GDP is oil to poor rates of current or achieve the goal
of five year development plan for that growth at an annual rate of more
than 9% a little.

Valmnzawma total capital in its current form is a weak system of
cooperation in Mabinha Mathrki cooperative and if it moves at the
expense of the development of national economy, which requires common
goals in the movements of that system. Common phenomenon Altmanamutual
exclusive among the parties of the system itself (the market and the
state) what is in reality only an expression of the phenomenon of the
formation of negative financial) resources posed by leaks from the
general budget for Atdfa the value added in the country, something
significant in raising the rates of development only to maximize
consumption and consumer sovereignty. And turn the results of this
expenditure or public expenditure surpluses to take a civil negative way
in the end system to the international terminal and warehouse incubator
financial alternative for economic development. Valkhasr is the largest
development and that this loss really like this began to form the
continuous existence of conflict within the camp of the same capital
(Rentier state capitalism and financial capital Ahli negative).

Altmana The case of the joint, which we referred to above between
market capitalism and state capitalism as part of the game with the fact
Allataaonah development and target rates to achieve the well-being, is
today more like the so-called Science in Mathematical Economics B: a
loss of prisonersPrisoner’s Dilemma , which dealt with the theory of
games. Fermi ball to the other within the system makes the capital of
the state and the market in case of badworse state , rather than bring
them into a single case of well-being, and in this point they have to
explode, even if the conflict is between the joints Tnaharia that system
.

Vmazahr conflict triggered by financial capital Ahli when turning the
entrance to the positive way out negative for the disposal of the case
of bad worse state to transfer his wealth of financial wealth is
incomplete (the process of wealth creation) to the financial wealth is
complete (the process of wealth), a conversion that passes through the
market transition of financial singular. Will reassure the financial
capitalism civil and Ajriah her ​​mind unless realize that wealth is
open about the display of physical assets and rights are very diverse
and not provided unless the international financial market as long as
you see that the joints of the market transition of Interior in the real
sector is still absent, at least in its legislative and other
structures .

that conflict within the camp of capital generated by the phenomena
of alienation in the system of financial capital Ahli, who took the
alienation that ends sprayed conflict within the capitalist camp so long
as the total financial capital Ahli will not get rid of the positive
Aghtrabh until it becomes a financial surplus-saving or negative in its
strongholds State to turn into a welfare statewell being state of the
one party state capitalism juncture for the camp, which is a
contradiction today, more than yesterday!.

that the joints of the different decision-makers started to deal with
and constantly different evaluations of the financial sector in
transition towards a free market economy and the impact that moving solo
of the problematic in the investment climate and real economic progress
desired, without being aware that the theory of the transition of Iraq
to a free market economy is the single-configuration Since its
inception, took over the financial activity of an important pole system
poles financial capital Ahli negative without the other, which is in
stores financial wealth outside the country. The basis of the
candidate’s wealth of financial capital of the state, which come from
oil revenues Ktheroh central.

Based on the foregoing, the problematic transition to a free market
economy did not provide a model transitional correctly and integrated to
serve the cause of development and achieve competitiveness in the
business environment and provides enough capacity and raise the
utilization rates, as far as what has become the financial sector in
transition singular mere passage serious offers savings outside the
negative to the strongholds Foreign capital in the system instead of the
international financial system integration in the national capital .

way to repair the financial system in transition: a scenario to contain the conflict within the capital
of what was the monetary policy are the focus of the conduct of
financial economies in transition in Iraq, the contradiction with the
party’s strong fiscal policy in the camp of capital to make it in Bodqp
that conflict among the parties of the camp of capital. And the options
open are either back to the stage of state capitalism, the central and
the removal of economies in transition, the entire financial in its
current state, a path is incompatible with political democracy and
democratic financial in the conduct of the joints of the economy towards
a market economy, and possibly restore the country to the patterns of
economic no longer valid and constitutional life the country’s new and
the reforms of the financial sector transition itself by making it less
liberal and re-run orientation to other sectors not completed the
transition to a free market economy, which may raise concerns repulsion
pole current financial situation with the other tracks of state
capitalism did not solve the problems of conflict within the camp of
capital.

Beyond Polemics the Chamber that all damage in a vicious circle,
where you see a school of public finances in a liberal financial market,
and its ability continued to generate financial capital and the
National Maerafgah phenomena of alienation financial ends in warehouses
financial wealth outside the country, is to graduate from being an
incubator recession represents the development tax that contribute to
the disabled joints production, investment and employment in the opinion
of the real sector. While you see the school Alncodeh Iraq in the
behavior of public finance consumer severe and holy for the rule of the
consumer and the search for additional resources through the desire to
borrow from the foreign reserves of the Central Bank, the lid supporter
for the stability of the Iraqi dinar, is the way to undermine the
stability and the generation of pressures and inflationary expectations,
which caused the crush standard of living during the past decades,
which works against the goals of stability exerted by monetary policy in
achieving its goals through the collection of tax by borrowing
represents the inflation tax. Taxes crush the first development in the
crush when the tax the second standard of living and people’s lives and
brought into the dark tunnel release cash.

and noticed that the pillars of reform, no matter how moved away or
close to it is wrapped about the principles that are enshrined in the
law of the Iraqi Central Bank No. 56 of 2004, which was born as an
introduction to financial market liberalization and access to a
Transitional Economy holistic form of the Central Bank head of the spear
in the development of liberal financial in Iraq.

began Supplies transition to a market economy really in financial
activity or financial market without other sectors marked by
liberalization of prices and the use of the sector to achieve
macroeconomic stability and make the inflation at the lowest level in
the economic history of the near in Iraq and the launch of the forces of
demand suppressed, as well as the development of the indirect means in
monetary policy-based financial market is free to achieve financial
stability and depth of influence in the development process and
development investment in the real market, provided that such
market-transformed and enjoy adequate legal infrastructure .

The procedures and banking reforms and the liberalization of interest
rate, credit and adapting the law of the Iraqi market for securities
and the formation of the Securities Commission as a regulatory
organization for the capital market and reform of the legal
infrastructure for the financial sector, which was issued a number of
laws and regulations, regulatory and organizational transformation of
the financial sector to a market economy, all of which have generated a
truly very liberal market transition to incomplete markets is Off
relatively untouched the desired transition toward a market economy or a
private sector to improve its stagnant and is unable to intervene
unless the movement of financial capital of the state or to move it
within the civil system coordination of macroeconomic .

question the field of controversy, is whether fiscal policy lacks the
capacity to stimulate economic development and management are efficient
across their balance sheets of investment since 2004 and until the time
near to Aatqadtha that the financial sector moving to a free market
economy is the one who will exercise such as this post funding and
implementation, we find in turn that independent monetary policy, which
indulged in the provision of climate stability and the achievement of
ideal levels of it, they nevertheless did not move is the development of
other capabilities and advance real investment in the area of the
market .

So notice, he did not fiscal policy, that lack of availability of the
elements of sufficiently productive to meet the development goals,
which plunged right in distributive justice and building elements of the
welfare state consumer is able to create the investment climate
development and enable development and to maximize the business
environment, especially in weak markets is transitional and production
sectors inherent in the real, nor as well as independent monetary
policy, which provided stability at the top levels of fitness in the
country, has stimulated the financial capital for real investment is
moving towards the desired.

said the call to change or amend the law on the Iraqi Central Bank in
force No. 56 of 2004, is an explicit invitation to address the
manifestations of economies in transition in Iraq by this unilateral
liberalization in the transition to the market, the financial transition
of free exclusively, especially after the launch of its strength and
its liberation from the constraints that have provided stability Kmnach
important development but did not provide criteria for development in
the market because of the real dilemmas caused by the high polarization
of financial capital in the economy of the state and the market together
by the absence of economies in transition, coordinated and
comprehensive.

Although it does not find a value for the objective diagnosis in
shaping the future unless the country’s economic develop economic policy
approach intellectually and clear for them to come out of the national
economy from its crisis in the current development of any necessary
development.

Valrjoa to the idea of extreme centralization, again in the
management of the economy posed by the other between now and then or we
read between the lines is the return to the game of snakes and ladders,
but this time the beats where the number of snakes on the number of
stairs, which enters the country in a bind constitutional intersects
with the orientations of the new Iraq eager to strengthen the
institutions of a free market and improving the conditional behavior of
the market and move it from a free market incontinent to a free market
oriented.

The call to reform the law of the Central Bank of Iraq’s current
requirement of maintaining the independence (and that this independence
does not mean the intersection with the provision of credit to the
general budget when economies reach critical stages threaten its
security national economic) should correlate such a call in the repair
strategy the general budget so as to provide conditions that dock where
the fiscal and monetary policies and Tensjama in their work towards the
overall activation of the transition to free market-oriented
homogenized, and the re-weft real investment and promote economic
development Bmnachat new, requiring the integration of economic policy
in a free market-oriented policies in order to generate backflow
effectfeed back to the financial capital of the case and turn the
negative into the positive state actors to finance the actual investment
inherent in development activity and to maximize the use of local
instead of infiltration into reservoirs outside the country under the
influence of the financial behavior of alienationfinancial alienation
which we noted it in advance.

Think about that the law reform Central Bank of Iraq, while
maintaining the independence of monetary policy is the idea should not
begin in isolation from the reform orientation of fiscal policy before
the change inherent in the paths and the appropriate monetary policy.
Should be on fiscal policy that Atstsel go into the inflation tax
through the easy availability of cheap or easy casheasy money as
referred to whenever and however it pleases you want except for critical
cases affecting the interests of the country and be a cause for
national economic security threat then lend to the general budget of the
Central Bank and the limits set by law .

As long as oil revenues and its growing economic surplus will
continue to be central to the country in term perspective it is
necessary to take two-way complementary in terms of investment :
I :
The investment budget and orientations toward the production of public
goodspublic goods we mean here the physical infrastructure or other
infrastructure as well as enabling investment climate and development in
the private sector including the provision of strategic partnership
between the market economy and the country’s economy through what could
be called the creation of a free market-oriented or uncontrolled and
draw strategies to do so immediately and kept the state production of
private goodsprivate goods , which holds the output of many public
sector companies.

and the other:

create a sovereign wealth fund supportive of the public budget to
cope with failures in annual revenue and meet the deviations between
revenue and public expenditure and financial promise of bumperfiscal
buffer and an average balance of 15% of the budgets of the past five
years consistently invested financially Khguibh sovereign investment .

and as much as it came to repaired monetary policy, the development
of its credit towards a free market-oriented (according to the personal
vision of the author) should take another course in moving the Real
investment in accordance with the perceptions do not affect the
independence of the central bank to the market this time and maintain
stability at the same time, a is consistent with the objectives of the
Central Bank in achieving stability and development of a single level of
competence out of the so-called dualDual Mandate comes this approach
because of the privacy of the circumstances of our country, which
requires a strong market orientation and more effective additional axis
of !

noting that the areas of empowerment of the market that can be
exercised by the monetary policy in the development and economic
progress and the performance of its role in this regard is to exceeding
areas of the Advancement of financing public goods-use custom club
public good away from indulging in investment in private goods which are
the prerogative of the market transition heat wave. And I think from
the standpoint of personal that provide credit to those investment
activities through the national banking system will pay the rates of
development and real investment to the level of desirable contribute to
breaking the cycle of attrition financial experienced by the national
economy by creating a climate of active and attractive reduces the
external saving and provides areas of strong attraction to the head Ahli
Capital Financial positive.
the scenic, fiscal policy and monetary policy as a response above
represent undoubtedly walk to the principles of work and the atmosphere
of healthy economic strong coordination with each other and keep time
the same principles and mechanisms of economies in transition towards a
free market-oriented without violation of constitutional and ensure the
independence of the Central Bank and end the Problems of conflict within
the joints of the economic policy of joints of the hand, and the
overall system of capital on the other.
as the lending market by the rules and discretionarydiscretionary and
enable development paths and where the real investment on the part of
monetary policy and the promise of an active center towards the market
has to be configured to coincide with the sovereign wealth fund
compensates the needs of the general budget revenue and deviation at the
face of failures where.

conclusion: that walk in the repair system of capital, requires, in
essence economic policy reform pillars all in order to provide the
objective conditions of the national economy in the transition mass to
the free market economy competitive disciplined or directed in one
package keeps on track to ship Iraq strong economic and adjust its
direction in stability and fight inflation and achieve economic
development and targeting of parallel lines and equal without resorting
to the lifeboats!!
* Deputy Governor of the Central Bank of Iraq


http://www.bpaiq.net/index.php/%D8%AF%D8%B1%D8%A7%D8%B3%D8%A7%D8%AA-%D9%88-%D8%A8%D8%AD%D9%88%D8%AB/6168-%D8%AF.%D9%85%D8%B8%D9%87%D8%B1-%D9%85%D8%AD%D9%85%D8%AF-%D8%B5%D8%A7%D9%84%D8%AD*-:-%D8%A5%D8%B4%D9%83%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D9%82%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%E2%80%93-%D8%A7%D8%B3%D8%AA%D9%82%D8%B7%D8%A7%D8%A8-%D9%85%D8%A7%D9%84%D9%8A-%D8%A3%D9%85-%D8%A5%D8%BA%D8%AA%D8%B1%D8%A7%D8%A8-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D8%9F.html

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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

       
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 6:32 pm

When you posted that i had a slight headach....I didn't even attempt to read that...

In a nutshell, what is it?
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Terbo56
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 6:38 pm

I almost got a 'Migraine' myself- I'll lay odds that when Kevind53 was in school, he wrote some 3 day long 'Book Reports'-And the teacher probably fell out of her or his chair- It's a long one, ain't it?
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 7:01 pm

Lol.
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 7:05 pm

I didn't write it ... just passed it on ... printed it of to read, not done yet.

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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 7:09 pm

I always enjoy your opinion kevin.
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 7:09 pm

Punisher- What'd I tell ya? We better get some 'No Doze'-Oh yeah, bring an 24 pack, and a couple of 28 inch pizzas- It's gonna be a long night-You fly, and I'll buy! :cheers:
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 8:00 pm

Well ... a lot is just so much gobbley gook, on first read it's a paper on growing and expanding their free market economy. They talk about Keynesian theory, but then again they talk about playing Chutes and Ladders .... lol! They talk about diversifying their economy so it's not totally dependent on oil ... and about developing their infrastructure in order to support that.

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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 8:09 pm

I wonder if those ragheads really have a clue as to what in heck their doing- This is really confusing and mind wracking at best to say the least-
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sat Aug 04, 2012 9:30 pm

Well the translations don't help ... you always end up translating the translations ...

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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sun Aug 05, 2012 3:02 am

@terbo56 wrote:
I wonder if those xxxxxxxx really have a clue as to what in heck their doing- This is really confusing and mind wracking at best to say the least-



No - they really don't. Muslim "religion" and politics don't mix AT ALL - but at least they are aware of the need for assistance which I why they requested UNAMI for another year. They receive advisors to help they create government without offending thier religion.

I truly hope that when they have their Laylat al-Qadr brings them the "idea" of raising their currency for the benefit of the Iraqi people as a whole - as a "reward" for their selfless fasting during thier Ramadan.

HEY IRAQ - ADVISOR IQD4US SAYS RV/RI ASAP
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PostSubject: Re: (Long) CBI’s Saleh: the problem of economies in transition in Iraq – to attract a financial or economic alienation?   Sun Aug 05, 2012 8:32 am

IQD4us, i wish you were the advisor.
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