Iraqi one generation to overcome the economic crisis?

by **Ponee** Tue Apr 07, 2015 12:13 pm

Iraq continued, for a long time, relying on fund operational and investment expenses on oil, even bumped into crisis, which woke him up from inattention to rely on that sector, especially as the losses began incurred are high.Wars on the one hand, and a sharp drop in oil prices on the other hand.

The figures, growth in Iraq has declined in the past two years to 2%, and even today the pressure on the economy is still due to a large and complex wars. says economist, on behalf of Jamil Antoine, that the Iraqi economy is promising, and can rise quickly, to the presence of essential components which, in forefront of oil. It is possible to be taken advantage of extractive industries such as gas and petrochemicals, which are not yet fully invested, and may last for many years, as well as that there is agricultural land and water enough to Aroaúha. This is all possible to provide the infrastructure for economic generation and promising '.Antoine believes that within 15 to 35 years old, will enumerate the work force in Iraq to about 60% of the total population, and this percentage is an important compared to other peoples, indicating the ability of the people to advance in record time, in the event of changed economic policy.

For his part, , shows an expert in economic affairs, Majid picture, that each stage in the economic development of Iraq depends on the political will of the country, which must rely on oversight and accountability, in order to get results. This is not available at the present time. It is expected the picture to be of industry and agriculture a priority in economic development, which means that Iraq is the next-generation industrial revolution and the agricultural, because the country is headed and the private sector towards these sectors, the fact that local raw materials and does not need to import, as well as the depth of the internal needs after the deterioration of oil prices. lack of vision for his part, shows a professor of the Faculty of Management and Economics at the 'Mustansiriya University', Walid al-Jubouri, fears of unfulfilled economic development for generations to come, at least for the next generation, because of the size of financial and administrative corruption in the joints of the State sponsoring today's investment management, and move funds in and out of the country.

He points out that, for three decades, characterized by Iraqi economic policy, the lack of vision of a transparent and a clear strategy in sustainable economic and social development process, as well as the survival of Iraq on the case of a rentier economy, rather than the producer of value-added economy , which requires a huge investment needs of the country, especially in the field of building and re-building infrastructure, and the introduction of modern technology, and the rehabilitation of the oil sector, and the promotion of productive sectors, particularly the industrial and agricultural sectors, and activation of trade and put it in the general development plans service.

The Chairman of the Committee on Economy and Investment In the House of Representatives, Jawad al-Bolani, confirms the advent different from previous generations generation, as the parliament in its current session is determined to legislation laws will be real and effective motivation towards creating a free economy and a market economy as the law of tariffs, and Consumer Protection Act, and the law of the private sector, as well as laws Others are working on parliamentary committees, such as the new banks, and the amendment of the Investment Law No. 13. refers Bolani to that in the case of legislation such laws that we have set the priorities for the next House of Representatives sessions, it is possible to do important aspects in the country, such as construction, construction, manufacturing and oil and tourism in turn will move the hands of an Iraqi agent, as well as the recovery of the local product, which will support the growth and stability of the economy, and the creation of an Iraqi generation blessed with riches and its products, is not supported on the importer and disadvantages of importing experienced by Iraq, which caused the financial and psychological losses incurred by the state and the citizen, alike.

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