Absence of the private sector

by **claud39** Wed Aug 05, 2020 8:54 am

Absence of the private sector

05/08/2020

Ali Hussein Nader *

The private sector is an important part of the Iraqi economy, but unfortunately this sector has been neglected since 2003 and there is no interest in it. There is a view that it is an enemy because it is the main player in the economic process.

Today, Iraq is going through a complex economic crisis that has caused great damage to the country. We must all believe that the public sector alone cannot cross the country to safety without the participation of the private sector.

The government should be serious about this issue and enter the private sector with all economic operations, but rather be part of economic decision-making for Iraq, and must provide all the needed legislation, decisions, facilities and security cover.

In addition to that this sector will solve many of the country's problems, including unemployment, which Iraq suffers from, but has become at the forefront of countries with high unemployment rates.

Especially every year, more than 400,000 students graduate from Iraqi universities. Of course, government jobs cannot accommodate this huge number of graduates, so we must go towards the private sector after the stalled private economic institutions are reopened and attract investors.

* The observer of economic affairs

https://economy-news.net/content.php?id=21285