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The non-productive private sector and the problematic role of the state in the economy
Friday September 7, 2019
There is no private "productive" sector in Iraq. Along our ruined sidewalks).
However, I believe (and I may be "misguided") that "the state" (if any) should assume the "creation" of this sector in all sense (there are many international experiences that can be reviewed and studied in this regard). Rather than allocating provisions that are virtually lost in the state budget, they are spent on failed “investment” projects, whose “shares” are shared by corrupt contractors (or contractors).
In terms of economic and administrative axioms (rather than “reinventing the wheel”), projects created by the state can be transformed into joint stock companies, managed, and secured by the accumulation and formation of fixed capital, in dozens of ways ( Dozens of developed, developing, underdeveloped and underdeveloped countries succeeded.
Industrial projects based on the “import substitution” strategy can be the entry point.
I am not qualified to define the developmental orientations of a "state" in which the "economic" system does not know "its head than its men." Nationalism, and deliberate depletion of public money. The current "general devastation" gives us an opportunity that cannot be compensated, and should not be missed, to do so. How can this be done?
The state has a lot of academics, experts and advisers, directly or indirectly concerned with economic affairs, who can offer it enough and more.
Do we need foreign expertise, through the use of competent experts from other countries that have experienced "on-the-ground" conditions similar to our difficult circumstances (not contractors, and Anfar contractors working in the "offices" of international economic organizations) to help us?
Yes, we need, but on condition that these foreign experts sit down with Iraqi "economic actors" directly (including specialists, concerned with political and economic affairs), and discuss with them all that can be done, without disturbing, foolish "populist" slogans and empty theories.
And to learn from them the details of our multidimensional ordeal, and to think with them about what can be done (and what can not be done) in the short and long term .. Because in our country of "determinants and obstacles and challenges," what has not seen an eye, nor heard.
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