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IRAQ: The private sector is the true partner

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IRAQ: The private sector is the true partner Empty IRAQ: The private sector is the true partner

Post by GirlBye Mon Oct 05, 2020 11:25 am

IRAQ: The private sector is the true partner 22044
The observer for economic affairs, Ali Hussein Nader
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Ali Hussein Nader *
When we look for the role of the private sector in all economies, we see that it is the main part on which to build a strong economic system, except in Iraq. When we look for the role of this sector, we see marginalized, so why is this marginalization? Who is standing behind him? Can the public sector save the country from this crisis? 
These questions and more need explicit answers because this sector is the only savior for the country with its solutions to sterile problems in the Iraqi economy, including 

1- Unemployment, which is considered one of the most intractable problems in Iraq due to population density and the difficulty of hiring government institutions. Note that every year, more than 400,000 students graduate from Iraqi universities. Of course, government jobs cannot absorb these numbers, but the private sector can absorb these numbers through private economic institutions.

2- The alternatives are also one of the intractable problems in Iraq because the economy depends at a rate ranging from 92% to 95% on oil imports, and because in light of the many crises we must reach a complete conviction that oil is linked to internal and external decisions, and a day comes and the price of a barrel of oil becomes a price. A grain of dirt. We must think of alternatives. Iraq is one of the wealthy countries. The private sector is the one who can exploit these resources and produce various industries that constitute large imports to the country that may exceed oil imports. 
* Monitor of economic affairs
https://economy-news.net/content.php?id=21709
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