Economic: the economic reform policy in Iraq .. And reconstruction
(This Article Headlined 31/1/10)
Hilal Taan
Should be recognized that the way to ensure the country's reconstruction and economic reform is the reform of the administrative and work to improve the performance, that the administration of the country should be. Rises to reach the accepted level enjoyed by the economies of developed country
These include raising the quality of government services without long-term commitment to reform will remain the case of incompetence in any act detrimental to seek development, as the public sector has a dominant position in the Iraqi economy, the efficiency of his performance will determine the course of the Iraqi economy and this sector is suffering from administrative problems, it's no wonder that the situation Iraq's economic dire.
The other side is important in the reform process is to remove the subsidy policy and its implications for distorting and egregious example of this is to support oil derivatives as policy support and distorting effects found in most sectors of the national economy, including the pricing of public services and pricing of agricultural inputs.
If the economic embargo in 1990 2003 justified the policy of subsidies, this time has gone by and there are now calls for intensive efforts to renounce this policy as creating objective conditions for encouraging investment and increasing productivity of the private sector in Iraq.
There is not much an investor looking to invest in the sector, its products are priced low and distorted prices do not represent the true cost alternative is to support needy social classes by going through the cash distribution, not distribution in kind.
The reality on the development of the private sector and encouraging foreign investment, that does not happen as soon as the Iraqi government's declaration of the importance of the role of foreign investment in the growth of the Iraqi private sector, but must be accompanied by economic policies and legislation, stable long-term availability of an appropriate atmosphere for private sector investment and examples of this would be the rules are clear and explicit, and to maintain the credibility of the State of commercial contracts and the courts are impartial in its actions and quick performance note that there is a direct correlation between good performance of the private sector and the credibility of the laws pertaining to property and trade legislation.
The banking sector also needs a mechanism to enable it to fulfill its obligations, for example, requires the growth of the private sector and banking system help the private sector by providing loans Bklv appropriate.
The banking system in Iraq today is dominated by State banks, P (90%) of the deposits found within the banking sector, the government and this requires a re-structured and organized in line with the prevailing economic activities in the world and this is towards the development of the banking reality in Iraq is to move away from the state of the banks and allowing the way for private initiative, creativity and enjoy the flexible response to market demands much more ..
Therefore, the next government will come after new parliamentary elections this year to address the situation of government institutions owned by them by hand.
And addressing the issue of privatization on the other hand, because there is ambiguity in the orientation of the State, Privatization is not an end in itself but a means to raise the efficiency of institutions and improving performance, and also to have a positive impact in the development of capital markets and create a suitable climate for private investment, as experience has shown the world that many of the companies owned the state can improve their performance if they have been privatized as there are examples of the success of public sector institutions, if managed in a businesslike manner and under effective control.
Also, structural changes in the judicial system and the country's administrative matter required if we want to change the concepts of absolute dependence on the state and the culture of entitlement, it is true that Iraq could face shortage of resources through improvement in the prices of crude oil exporter, but this happens at the expense of optimal use of resources, so the Iraq and the Iraqis Bamkanyatem various deserve better living conditions than relying on the security of non-represented depending on the real sources of oil Sunset and economic policies that have no scientifically credible and practical.
Therefore, we believe that the future financial arrangements in Iraq will have access to three different scales in the three duties of the President is macroeconomic management and customizations on the distribution and volatility.
Both deals can Anatthma first two provinces the power to direct wholly or partially and the third must be coordination between the central authority and the authority of the provinces.
These challenges facing Iraq in the public finances and financial state at the transition to a constitutional status in light of a permanent government.
Finally, It is true that big business and the challenges and opportunities, but also a large revenue and whether the choice of democracy and federalism, the deliberate journey will be successful and full of progress, God willing.
http://translate.google.com/translat...3D&sl=ar&tl=en
http://www.alsabaah.com/paper.php?source=Archive&sa=show_month&year=2010&month=01&month_l=
(This Article Headlined 31/1/10)
Hilal Taan
Should be recognized that the way to ensure the country's reconstruction and economic reform is the reform of the administrative and work to improve the performance, that the administration of the country should be. Rises to reach the accepted level enjoyed by the economies of developed country
These include raising the quality of government services without long-term commitment to reform will remain the case of incompetence in any act detrimental to seek development, as the public sector has a dominant position in the Iraqi economy, the efficiency of his performance will determine the course of the Iraqi economy and this sector is suffering from administrative problems, it's no wonder that the situation Iraq's economic dire.
The other side is important in the reform process is to remove the subsidy policy and its implications for distorting and egregious example of this is to support oil derivatives as policy support and distorting effects found in most sectors of the national economy, including the pricing of public services and pricing of agricultural inputs.
If the economic embargo in 1990 2003 justified the policy of subsidies, this time has gone by and there are now calls for intensive efforts to renounce this policy as creating objective conditions for encouraging investment and increasing productivity of the private sector in Iraq.
There is not much an investor looking to invest in the sector, its products are priced low and distorted prices do not represent the true cost alternative is to support needy social classes by going through the cash distribution, not distribution in kind.
The reality on the development of the private sector and encouraging foreign investment, that does not happen as soon as the Iraqi government's declaration of the importance of the role of foreign investment in the growth of the Iraqi private sector, but must be accompanied by economic policies and legislation, stable long-term availability of an appropriate atmosphere for private sector investment and examples of this would be the rules are clear and explicit, and to maintain the credibility of the State of commercial contracts and the courts are impartial in its actions and quick performance note that there is a direct correlation between good performance of the private sector and the credibility of the laws pertaining to property and trade legislation.
The banking sector also needs a mechanism to enable it to fulfill its obligations, for example, requires the growth of the private sector and banking system help the private sector by providing loans Bklv appropriate.
The banking system in Iraq today is dominated by State banks, P (90%) of the deposits found within the banking sector, the government and this requires a re-structured and organized in line with the prevailing economic activities in the world and this is towards the development of the banking reality in Iraq is to move away from the state of the banks and allowing the way for private initiative, creativity and enjoy the flexible response to market demands much more ..
Therefore, the next government will come after new parliamentary elections this year to address the situation of government institutions owned by them by hand.
And addressing the issue of privatization on the other hand, because there is ambiguity in the orientation of the State, Privatization is not an end in itself but a means to raise the efficiency of institutions and improving performance, and also to have a positive impact in the development of capital markets and create a suitable climate for private investment, as experience has shown the world that many of the companies owned the state can improve their performance if they have been privatized as there are examples of the success of public sector institutions, if managed in a businesslike manner and under effective control.
Also, structural changes in the judicial system and the country's administrative matter required if we want to change the concepts of absolute dependence on the state and the culture of entitlement, it is true that Iraq could face shortage of resources through improvement in the prices of crude oil exporter, but this happens at the expense of optimal use of resources, so the Iraq and the Iraqis Bamkanyatem various deserve better living conditions than relying on the security of non-represented depending on the real sources of oil Sunset and economic policies that have no scientifically credible and practical.
Therefore, we believe that the future financial arrangements in Iraq will have access to three different scales in the three duties of the President is macroeconomic management and customizations on the distribution and volatility.
Both deals can Anatthma first two provinces the power to direct wholly or partially and the third must be coordination between the central authority and the authority of the provinces.
These challenges facing Iraq in the public finances and financial state at the transition to a constitutional status in light of a permanent government.
Finally, It is true that big business and the challenges and opportunities, but also a large revenue and whether the choice of democracy and federalism, the deliberate journey will be successful and full of progress, God willing.
http://translate.google.com/translat...3D&sl=ar&tl=en
http://www.alsabaah.com/paper.php?source=Archive&sa=show_month&year=2010&month=01&month_l=