Economist for / Nina /: The security and political situation are two reasons for the flight of capital and investors from the country

Saturday 05, February 2022 11:31
 
Baghdad / NINA / - An expert in economic affairs, Malaz Al-Amin, confirmed: "The instability of the political and security situation in Iraq negatively affects the economic situation of the country through the flight of capital and investors," calling for the development of productive economic plans to revive the economy in Iraq.

Al-Amin said in a statement to the National Iraqi News Agency / NINA /: "There is a close relationship between politics and the economy, and the economy may control politics or politicians control the economy, and this matter is affected by the system of government, the culture of society, and external influencers."

He added: "When the political situation in a particular country is stable and the political leaders agree to rule or distribute power in a stable manner, markets flourish and money flows in investments, building and operating productive sectors, taking advantage of the profits achieved in the stable and secure future, which supports the country's economy and encourages it to innovate new means. To strengthen, increase and expand it, as the benefit will spread to the citizens and the value of the national currency.”

Al-Amin pointed out that "some leaders set economic plans, but they are not implemented, which pushes the capital to flee, which leads it to difficult economic setbacks that cannot be treated until decades later."

He called on the political leadership, which developed the economic plans, to take advantage of the capabilities available in the country, such as the geographical location, natural resources and human wealth, and to develop the economic capabilities to build a balanced, stable economic system capable of growth and development.

The economic expert also called for "developing plans for security, political and economic recovery and creating new productive sectors that achieve profits and provide job opportunities."/ End 8

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