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D. Peace Sumaisem *: Why are we talking about the economy ??
5/22/2015
Iraqi economic system is suffering from structural crisis are in being Rieia economy depends mainly on non-productive activities - not to be affected by internal or external stability, in addition to the sharp fluctuations in the ...
Suffering of the Iraqi economic system of structural crisis is in being economical Rieia depends mainly on non-productive activities - affected not internally or externally stability, in addition to the sharp fluctuations in the prices of raw materials and food due to a global or speculative political and economic developments in the global markets) in this context also should be taken into account that Iraq is a net importer of food, as it imported an average of 60% of its food needs, which is also associated with more or less energy prices globally ... .. !!!
Not to mention the obvious oil-coupled and Iraq's dependence on export only, with the continued burning of associated gas, and petrochemical industries collapse, and the presence of blundering in the field of drawing prospects for oil policy, economic policy.
We have put the economy hostage to the financial situation, and we are today, "collectively" in the case of adaptive and not in the case of leadership, and this is an abnormal situation and that the time to return it to the right has come to catch up with life before it is too late. These technical solutions in nature but premise in re-framing the thought of policy adjustment and hit the boat policy led to a development project and a clear-cut and ready to rearrange priorities.
We started as if we avoid competition, but fair competition is what drives the individual and society to progress, recalled Nile Ferguson, a history professor at Harvard and one of the largest contemporary intellectuals, that what kills the progress of societies is the absence of competition.
Clearly today we are lacking competition in everything. Valahtkarat us away from the competition, and more stratified, and policy support irrational make the country a hotbed of economic migration, and unemployment among citizens, and economic losses in fuel and great benefits and even public health.
Summarize the contents of economic signals to Iraq:
Based on Iraqi economic pattern of the same logic rentier dependent on outside sources of income, which will end not to raise the standard of living for the poor and achieving development in a sustainable manner.
There are no guarantees access to real investments.
Borrowing from abroad will receive an additional burden is in the debt service on the Iraqi economy is essentially stuck in the mud
The government decided to accept the IMF loan without making any community dialogue around him or the study of the proposed alternatives or Declaration of Parwttiyath, despite indications of the requirement of the Fund to take government action to reduce the budget deficit, which requires the removal of subsidies on energy and fuel, reduce government spending and the value of the Iraqi dinar, increase taxes, which means simply increasing inflation rates, high prices and lower real incomes for many of the citizens.
Therefore, consideration could be given to the catastrophic effects of those measures on the economy from two angles:
The first phase of the Iraqi economy contraction and recession passes, which requires the adoption of the government's plans to revive the economy requires at least keep government spending on what it is.
The second may result in such decisions by a wave of violent social protests driven by the status of the existing political tension.
Proposed solutions :
Initially almost certainly need to take the same social and political cost of procedures can not be ignored, in this context, we can offer a number of ideas that could serve as a dialogue and talked about, and perhaps it may be that we come to solutions to the current crisis intractable:
Seek to transform the Iraqi economy to a productive economy spending on infrastructure projects, and the allocation of 10% of any loans obtained by the state to finance productive projects in nature, and to overcome obstacles and creating incentives to invest in industrial and agricultural projects on service projects account.
Start a serious dialogue in my community to adopt socially expensive options such as the restructuring of the private-powered support to come out with recommendations binding timetable and clear approach to economic state, and access to agree on a comprehensive restructuring.
Inventory and the integration of the informal economy in the state budget, and the establishment of the state to encourage the establishment of independent trade unions for workers in the informal economy as an entry point for dealing with this complex file "civil society and its institutions."
Adopt swift action to achieve social justice without downloading the general budget additional burdens, such as the application of the principle of the unity of the budget, the restructuring of wages in the government and the private sector for the application of the minimum and maximum values for the wages with the distribution of surpluses on the poorest, and the application of progressive taxation, and adopt economic policies aimed to raise employment rates Instead of focusing on achieving high growth rates are not reflected on everyone.
Give financial incentives for those wishing to leave the government to work to enable them to establish small productive projects The State supervision and marketing of their products, and start vocational rehabilitation programs for some of the staff with the help of international donors with them into the functions of labor and industrial after they finish of those programs.
Take advantage of non-traditional ideas and investment in renewable energy and information technology fields so as to contribute to the national economy, and solving the problem of unemployment, raising the technological level of the base
And it must be remembered that the beginning of the solution lies in stop talking about financial conditions like alternative to economic conditions, while monopoly, unemployment and low productivity, justice and rehabilitation in important functions do not take its natural place in the debate. I asked myself, as advised Confucius, and others remained on the question of what raised and about their roles ..
(*) Director of Dar Mesopotamia Economic Consultancy
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5/22/2015
Iraqi economic system is suffering from structural crisis are in being Rieia economy depends mainly on non-productive activities - not to be affected by internal or external stability, in addition to the sharp fluctuations in the ...
Suffering of the Iraqi economic system of structural crisis is in being economical Rieia depends mainly on non-productive activities - affected not internally or externally stability, in addition to the sharp fluctuations in the prices of raw materials and food due to a global or speculative political and economic developments in the global markets) in this context also should be taken into account that Iraq is a net importer of food, as it imported an average of 60% of its food needs, which is also associated with more or less energy prices globally ... .. !!!
Not to mention the obvious oil-coupled and Iraq's dependence on export only, with the continued burning of associated gas, and petrochemical industries collapse, and the presence of blundering in the field of drawing prospects for oil policy, economic policy.
We have put the economy hostage to the financial situation, and we are today, "collectively" in the case of adaptive and not in the case of leadership, and this is an abnormal situation and that the time to return it to the right has come to catch up with life before it is too late. These technical solutions in nature but premise in re-framing the thought of policy adjustment and hit the boat policy led to a development project and a clear-cut and ready to rearrange priorities.
We started as if we avoid competition, but fair competition is what drives the individual and society to progress, recalled Nile Ferguson, a history professor at Harvard and one of the largest contemporary intellectuals, that what kills the progress of societies is the absence of competition.
Clearly today we are lacking competition in everything. Valahtkarat us away from the competition, and more stratified, and policy support irrational make the country a hotbed of economic migration, and unemployment among citizens, and economic losses in fuel and great benefits and even public health.
Summarize the contents of economic signals to Iraq:
Based on Iraqi economic pattern of the same logic rentier dependent on outside sources of income, which will end not to raise the standard of living for the poor and achieving development in a sustainable manner.
There are no guarantees access to real investments.
Borrowing from abroad will receive an additional burden is in the debt service on the Iraqi economy is essentially stuck in the mud
The government decided to accept the IMF loan without making any community dialogue around him or the study of the proposed alternatives or Declaration of Parwttiyath, despite indications of the requirement of the Fund to take government action to reduce the budget deficit, which requires the removal of subsidies on energy and fuel, reduce government spending and the value of the Iraqi dinar, increase taxes, which means simply increasing inflation rates, high prices and lower real incomes for many of the citizens.
Therefore, consideration could be given to the catastrophic effects of those measures on the economy from two angles:
The first phase of the Iraqi economy contraction and recession passes, which requires the adoption of the government's plans to revive the economy requires at least keep government spending on what it is.
The second may result in such decisions by a wave of violent social protests driven by the status of the existing political tension.
Proposed solutions :
Initially almost certainly need to take the same social and political cost of procedures can not be ignored, in this context, we can offer a number of ideas that could serve as a dialogue and talked about, and perhaps it may be that we come to solutions to the current crisis intractable:
Seek to transform the Iraqi economy to a productive economy spending on infrastructure projects, and the allocation of 10% of any loans obtained by the state to finance productive projects in nature, and to overcome obstacles and creating incentives to invest in industrial and agricultural projects on service projects account.
Start a serious dialogue in my community to adopt socially expensive options such as the restructuring of the private-powered support to come out with recommendations binding timetable and clear approach to economic state, and access to agree on a comprehensive restructuring.
Inventory and the integration of the informal economy in the state budget, and the establishment of the state to encourage the establishment of independent trade unions for workers in the informal economy as an entry point for dealing with this complex file "civil society and its institutions."
Adopt swift action to achieve social justice without downloading the general budget additional burdens, such as the application of the principle of the unity of the budget, the restructuring of wages in the government and the private sector for the application of the minimum and maximum values for the wages with the distribution of surpluses on the poorest, and the application of progressive taxation, and adopt economic policies aimed to raise employment rates Instead of focusing on achieving high growth rates are not reflected on everyone.
Give financial incentives for those wishing to leave the government to work to enable them to establish small productive projects The State supervision and marketing of their products, and start vocational rehabilitation programs for some of the staff with the help of international donors with them into the functions of labor and industrial after they finish of those programs.
Take advantage of non-traditional ideas and investment in renewable energy and information technology fields so as to contribute to the national economy, and solving the problem of unemployment, raising the technological level of the base
And it must be remembered that the beginning of the solution lies in stop talking about financial conditions like alternative to economic conditions, while monopoly, unemployment and low productivity, justice and rehabilitation in important functions do not take its natural place in the debate. I asked myself, as advised Confucius, and others remained on the question of what raised and about their roles ..
(*) Director of Dar Mesopotamia Economic Consultancy
[You must be registered and logged in to see this link.]
