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D.abdalhasin Anbuge *: Iraqi economy upside down
- published in 05/25/2015
Historic induction decades ago, confirms the existence of a relationship Dalia Function relationship positive and Bmanoah high between the volume of oil revenue and the size of government spending, this is similar to what the causal relationship that may ...
Historic induction decades ago, confirms the existence of a relationship Dalia Function relationship positive and Bmanoah high between the volume of oil revenue and the size of government spending, the equivalent of this causal relationship that may seem logical at the microeconomic level (Microeconomic), where whenever the per capita income has increased has increased spending by more than stashed away in the early stages in which the needs of non-saturated, that is his tendency marginal high consumption, and vice versa, but this same consumer tendency for macroeconomic (Macroeconomic), it means simply, that there are naive governments do not know measures, make spending variable Fully affiliated to the size of the oil revenues, and act as if that behavior consumer behavior of the individual, not the behavior Jmaaa represents a compilation mathematically to the behavior of individuals, plus other variables related to the intersection of individual interests that can not be aligned and consistent only in the framework of the state, behave economic policies in the context of the economy total.
Hence the economic disaster of Iraq, the Iraqi economy is working college variables in a way partial variables, because the decision-makers were mostly non-specialists and prisoners of their behavior Algraiza emotional, and when he puts the decisions of the state are driven by the forces of the individual rather than the forces of all note that all is not equal to the sum of the forces of individuals, because the random variables Random variables and variables phantom Dummy variables and variables that waives the individual all tendencies for each appears only when the maker thinks the decision behavior of college function, and therefore remained of the Iraqi economy for decades a prisoner of this relationship Trdah between oil revenues and the size of government spending, without thinking about finding stocks for the purposes of balance, since oil revenues affected by external variables than are affected by internal variables, the Iraqi economy is a prisoner of the oil markets, which buffeted by political and strategic international data more remains to affect the supply and demand for oil, although the latter has become important also after alternatives to oil can be exploited discovery indicators of a successful business, and puts its economy follower of these external variables, it is not expected that a stable economy and an independent one day.
In light of the theories of macroeconomic economies of the world are working on the basis that the state Guard organization and intrusive, they guard the rights and properties of the private sector, and the organization with ease and transparency to the requirements of his work, and intrusive positively to rescue the economy from a crisis (not stability) pass it, whether (inflationary or stasis ), but in Iraq, our economy works upside down completely unlike all the economic systems of the world, and Massadik is the following:
First: The State in Iraq is still the owner and not Sentinel:
Enough it has oil revenues, a dispute that the Constitution unless reaching or reaching benefits to the people, because oil is the property of the Iraqi people, according to Article 111 of the Constitution, and whenever Otkhmt pockets of oil revenues spent every indiscretion and waste of the consumer areas and superficial and placed high allocations and left loose unsupervised and balances, even layer of corrupt affluent created off the poor segments of a broad and needs of real unsaturated goods and public and private services, and if spent by the investment areas Valmuseibh greatest, as racing corrupt in various points of the contract to manipulate priorities are allocated huge amounts of money for projects trivial and unimportant as long as It enables the largest possible opportunity for corruption, and therefore find them Asthdthon Ardhaiah projects unreal to earn zonal Voices placed her (stone foundations) Baanvalyat exhibition, and remain funded (dropper) because the funds drew on thousands of projects that have not been implemented or she partially implemented to remain an open wound in the body of Iraq and Dharaa suckle him corrupt state employees and corruptors of Contractors Translated, and tampered with the hands of corruption in the implementation specifications in the tabbed became functional sites of direct contact to conclude contracts and forward and implement bought and sold in the stock market corruption, and failed to state to be spent rationally, and went deeper in extravagance and waste of money It did not read well the oil market and Tzbzbath did not try to create (a fund for stability) balances the volumes of public expenditure in periods of prosperity and Hjovernm in periods of hardship, even if the fund available government was able today to use it for the purposes of sustainable development and reconstruction, and the sustainability of the payment of corporate them instead of repudiation by the state and the rule of Allathagh between the government and its clientele and the subsequent bad messages grasped Iraqis and foreign investors and make them Ithspon much to come to Iraq and invest in current and future, and be the biggest loser from Iraq rumor like this centrifugal indicators.
The expansion of government spending in times of recession and stagnation of the economy out of the trap of deflationary pressure is what should be and not vice versa, because the contraction of government spending in sync with the economy makes a multiplier effect of contraction, and unemployment rife rates doubling and the explosion of community be possible and available solutions are the most difficult, as it is coincided expansion of government spending with hyperinflation a multiplier effect may also makes the purchasing power of individuals is eroding rapidly and social values are eroding rapidly even ridden middle class towards the poor and pay Bafiqirh below the poverty line, and all this because upside down treatment, and even decision-maker in front of the limited options It is forced to treatments that upside down, which accelerated in the patient's death without cure, if a wise government was able to rein in inflation accompanying the growing oil revenues through the book section of the capabilities spending power in the (proposed stabilization fund) and thus exert deflationary impact of the economy out of the trap of inflationary pressures , they and by extension will be able to draw from (the stabilization fund) in order to increase government spending in times of deflation, and has engaged in acts impact expansionary for the economy out of the trap of deflationary pressures, they would be wise government operate according to economic logic and use of economic policy instruments properly, because the government does not think the mentality of the overall economy, they have not adopted effective macroeconomic policies in the economy, this makes sense if this understanding was originally available to the decision makers, which dropped in the context of non-economists to climb all the economic positions in the country in search of treasures hidden in the maps of those sites, it The Iraqi economy will remain upside down to what God wills.
Second: The State in Iraq is still bad orderly economic process:
Iraq comes, unfortunately, at the bottom of the list of countries from among the 186 countries in the field of business facilities, meaning that more countries worsened in the business and investment environment, according to the annual World Bank report which measures the practice of business regulations that encourage business activities or restrict cross-9 Report areas or "indicators" key is (starting a business, dealing with construction permits, registering property, getting credit facilities, and the protection of investors, paying taxes, trading across borders, enforcing contracts, and closing the business), so how can we invite investors to invest in Iraq and they are familiar with the Such reports and each difficulty they face there is the cost and the greater the costs of investment is profitable and is Magdi became in accordance with criteria (cost / benefit), and if the (total investment = government investment + private investment) and that's where government investment may decline up to 80% in the general budget for the year 2015 facing a significant shortfall in public revenues, there is no way for the government but increase private investment if it is to maintain a reasonable level of growth in GDP followed by a reasonable level of operation of the factors of production in order to prevent the decline of the economy into a crisis recession claustrophobic, and that's where the investment does not comes only by improving the business environment, the (homework) to the Government of Iraq is focusing on (improving the business environment Improve the business environment) will domestic and foreign investments come to meet the shortfall in government investment, and any reforms taken by Iraq should be monitored and enable the investor to reach it with full transparency, and here has to be the suppression of corruption with an iron hand in order not to extend the dirty to the soft mechanisms of action Pls trying complexity again for the purpose of extortion, that control the impact of reform will highlight areas of success as well as the areas that need more effort both at the same time, the reforms connected to conductive effective to executing the business community and the legal community agencies and the general public will ensure accept the changes and put them into practice, and will communicate effectively it shows that the Government of Iraq to take positive steps to increase the country's ability to compete and the freedom of entry and exit to and from the markets of goods and services and business.
Third: The State in Iraq adversely interfere in the economy:
Is still the state's role in Iraq, upside down, than it is the role of the state in the market economy, where the state operates in a market economy on the basis of the positive intervention strictest necessary border to restore stability and that's where aggregate demand is the sum of government demand and private demand, when the fall in aggregate demand as a result of the decline private demand, due to get a deflationary pressures Deflationary pressures and declining production, operation and access distributed to the elements of the production level, the government intervenes through increased government demand driven by increased government spending, leading to the organization of public budgets deficit of any (public expenditure is greater than the general revenues) for the output of the economy from state instability and prevent it from sliding toward deflation and recession, and gets exactly the opposite when get inflationary pressures Inflationary pressures, where the growing private demand large equipment the government be forced to reduce government demand for a return to the desired stability, as in Iraq, the size of government spending is funded from revenue oil by 95%, and the general budget of the state represent up to 45% of gross domestic product (GDP), while this ratio does not exceed 7% in Egypt, for example, and that means the domination of public spending on economic performance in Iraq, while being with indirect oil revenues impact in creating GDP up to 80%, and therefore the decline in aggregate demand comes mostly from the decline in output from the decline in government spending declining due to falling oil prices, government demand, then shrinks the private sector as a contractor to the government sector often, so the situation upside down, instead of the private sector contraction and be government intervention to save him, shrink the public sector and ask the private sector to have a role intrusive to save them, a funny paradox, and the rules of the game, then Palmekos, where changing the equations dealing with the private sector, from the development of marginalization equation when the government pockets are saturated to put Begging and courtship to urge them to investment and entrepreneurship and updated in order to pay for other ways and all are in the box, lending to the government, and this is amazing unable economic theories of dealing with him.
Fourth, fiscal and monetary policies have are the other upside down .. :
In the economic literature that are working on the whole world, must be policies have Mtnagmtin is contradictory be in goal orientation, either to be Tusaitin together, in the case of deflation Deflation, or Tkona Ankmachetin together in the case of inflation Inflation, however, in Iraq, in prosperity where large oil revenues The government is expanding public spending and regulating the budget a large deficit may be a sketch, but directed towards the expansion of spending and the end thereof bring about development, and justify it because the country is suffering from underdevelopment and wants to grow wider pace and creates development process to shorten the underdevelopment gap, but often accompany that monetary policy deflationary swallow an important part of the expansionary impact of fiscal policy, Venbaky N'Dour at the same backward level that we want to launch it towards the higher levels, and vice versa, in the case of scarcity of oil revenues for the government to shrink government spending in the various activities happening contraction in a clearly defined and the impact the economy, then interfere with monetary policy doses expansive trying to rescue the ailing government spending and restore things to normal in the context of limits and levels of routine is (the perpetuation of operational government spending minimum Bhdodh), and if the desired stability point of the fiscal and monetary economic policies is to cancel each other the impact of expansion, leaving the country When the desired level of retardation.
Fifth: The state relies police procedures rather than economic policies:
We find this clearly in Iraqi employee culture and culture maker economic decision also, in many joints that can not help mainly to listed and contented himself with a common condition, overlooking us from time to time, officials are talking about foreign exchange from Iraq smuggling, and suggest more more than police measures to prevent the phenomenon , Ioglun drown in the details and stories of prosecutions and stories exclamation Likes and perhaps the ability of smugglers to circumvent and pass all obstacles they have set, and perhaps mantras Bbtoulathm Meskuha and because they had forbidden her to go out and perhaps become national heroes.
The truth is quite different from the perception of these heroes, there is no issue originally in the economic sense, there is no need for measures sniffer taken and tournaments false, very briefly, (because the foreign exchange flee from Iraq and not run away, gentlemen), what you are doing action is also (upside down ).
In all the world and we are not in isolation, and each country's balance of payments The balance of payments has a two-fold:
The first part: balance of trade Balance of trade, which necessarily must be offset by the exit of foreign exchange entry of goods and services its value, entering the country to contribute to the overall width, and there is a court mechanisms are import according to letters of credit, and called the documentary because foreign exchange is not called to the source, but by Goods and services installed in the documents and up to the receiving port and restrict the Commercial Bank launch notice.
Tier II: capital movement Movement of capital in and out of the country, which is a legitimate movement and its theoretical grounds and is protected by local and international laws, which funds looking for investment opportunities profitable, the States and the donation to create an attractive environment for her, where the single window and the creation of the feasibility of solid and the creation of dedicated and sincere land studies problems and facilities for logistical huge comes investor his money and invest in the country, where when the country an attractive and profitable record the movement of capital from abroad to inside, and when the country (like Iraq) repellent and environment bad investment and buffeted by the whims of corrupt evade capital, any escape of foreign exchange of the country abroad in search of a profitable and safe investment opportunities, with evidence that the Iraqis have a very large investments abroad, which is part of the gross national product (GNP), which is growing faster than the rates (GDP) and the gap between them widening, and most Iraqis want to invest in Iraq and bemoan the lack of enabling them of that because Iraq is repellent gentlemen, the story is therefore not smuggling it is an escape, and forced the owner to smuggle because you have placed obstacles to the smooth flow of movement of capital naturally compelled him to circumvent in order to traverse, and therefore, you you discharged duty is sacred because it upside down, the sacred duty is to know money in the possession of people sources, you came from sound sources or not, before that forbid exit and entry, sacred duty is to be tossed and turned the equation, improved the business environment is your duty homework, enabled specialists from investment management bodies and work to create kegs for investors, will flow Cash foreign to the inside from the outside and injected into the local income and production cycle and get development.
Many other things dear reader is upside down in the economy compass specialists but no one required, and rush him panting wasps on other dates basket.
(*) Economic adviser in the advisers in the General Secretariat of the Council of Ministers
Copyright network of Iraqi economists. Permission to quote and re-publication, provided that the source
[You must be registered and logged in to see this link.]
- published in 05/25/2015
Historic induction decades ago, confirms the existence of a relationship Dalia Function relationship positive and Bmanoah high between the volume of oil revenue and the size of government spending, this is similar to what the causal relationship that may ...
Historic induction decades ago, confirms the existence of a relationship Dalia Function relationship positive and Bmanoah high between the volume of oil revenue and the size of government spending, the equivalent of this causal relationship that may seem logical at the microeconomic level (Microeconomic), where whenever the per capita income has increased has increased spending by more than stashed away in the early stages in which the needs of non-saturated, that is his tendency marginal high consumption, and vice versa, but this same consumer tendency for macroeconomic (Macroeconomic), it means simply, that there are naive governments do not know measures, make spending variable Fully affiliated to the size of the oil revenues, and act as if that behavior consumer behavior of the individual, not the behavior Jmaaa represents a compilation mathematically to the behavior of individuals, plus other variables related to the intersection of individual interests that can not be aligned and consistent only in the framework of the state, behave economic policies in the context of the economy total.
Hence the economic disaster of Iraq, the Iraqi economy is working college variables in a way partial variables, because the decision-makers were mostly non-specialists and prisoners of their behavior Algraiza emotional, and when he puts the decisions of the state are driven by the forces of the individual rather than the forces of all note that all is not equal to the sum of the forces of individuals, because the random variables Random variables and variables phantom Dummy variables and variables that waives the individual all tendencies for each appears only when the maker thinks the decision behavior of college function, and therefore remained of the Iraqi economy for decades a prisoner of this relationship Trdah between oil revenues and the size of government spending, without thinking about finding stocks for the purposes of balance, since oil revenues affected by external variables than are affected by internal variables, the Iraqi economy is a prisoner of the oil markets, which buffeted by political and strategic international data more remains to affect the supply and demand for oil, although the latter has become important also after alternatives to oil can be exploited discovery indicators of a successful business, and puts its economy follower of these external variables, it is not expected that a stable economy and an independent one day.
In light of the theories of macroeconomic economies of the world are working on the basis that the state Guard organization and intrusive, they guard the rights and properties of the private sector, and the organization with ease and transparency to the requirements of his work, and intrusive positively to rescue the economy from a crisis (not stability) pass it, whether (inflationary or stasis ), but in Iraq, our economy works upside down completely unlike all the economic systems of the world, and Massadik is the following:
First: The State in Iraq is still the owner and not Sentinel:
Enough it has oil revenues, a dispute that the Constitution unless reaching or reaching benefits to the people, because oil is the property of the Iraqi people, according to Article 111 of the Constitution, and whenever Otkhmt pockets of oil revenues spent every indiscretion and waste of the consumer areas and superficial and placed high allocations and left loose unsupervised and balances, even layer of corrupt affluent created off the poor segments of a broad and needs of real unsaturated goods and public and private services, and if spent by the investment areas Valmuseibh greatest, as racing corrupt in various points of the contract to manipulate priorities are allocated huge amounts of money for projects trivial and unimportant as long as It enables the largest possible opportunity for corruption, and therefore find them Asthdthon Ardhaiah projects unreal to earn zonal Voices placed her (stone foundations) Baanvalyat exhibition, and remain funded (dropper) because the funds drew on thousands of projects that have not been implemented or she partially implemented to remain an open wound in the body of Iraq and Dharaa suckle him corrupt state employees and corruptors of Contractors Translated, and tampered with the hands of corruption in the implementation specifications in the tabbed became functional sites of direct contact to conclude contracts and forward and implement bought and sold in the stock market corruption, and failed to state to be spent rationally, and went deeper in extravagance and waste of money It did not read well the oil market and Tzbzbath did not try to create (a fund for stability) balances the volumes of public expenditure in periods of prosperity and Hjovernm in periods of hardship, even if the fund available government was able today to use it for the purposes of sustainable development and reconstruction, and the sustainability of the payment of corporate them instead of repudiation by the state and the rule of Allathagh between the government and its clientele and the subsequent bad messages grasped Iraqis and foreign investors and make them Ithspon much to come to Iraq and invest in current and future, and be the biggest loser from Iraq rumor like this centrifugal indicators.
The expansion of government spending in times of recession and stagnation of the economy out of the trap of deflationary pressure is what should be and not vice versa, because the contraction of government spending in sync with the economy makes a multiplier effect of contraction, and unemployment rife rates doubling and the explosion of community be possible and available solutions are the most difficult, as it is coincided expansion of government spending with hyperinflation a multiplier effect may also makes the purchasing power of individuals is eroding rapidly and social values are eroding rapidly even ridden middle class towards the poor and pay Bafiqirh below the poverty line, and all this because upside down treatment, and even decision-maker in front of the limited options It is forced to treatments that upside down, which accelerated in the patient's death without cure, if a wise government was able to rein in inflation accompanying the growing oil revenues through the book section of the capabilities spending power in the (proposed stabilization fund) and thus exert deflationary impact of the economy out of the trap of inflationary pressures , they and by extension will be able to draw from (the stabilization fund) in order to increase government spending in times of deflation, and has engaged in acts impact expansionary for the economy out of the trap of deflationary pressures, they would be wise government operate according to economic logic and use of economic policy instruments properly, because the government does not think the mentality of the overall economy, they have not adopted effective macroeconomic policies in the economy, this makes sense if this understanding was originally available to the decision makers, which dropped in the context of non-economists to climb all the economic positions in the country in search of treasures hidden in the maps of those sites, it The Iraqi economy will remain upside down to what God wills.
Second: The State in Iraq is still bad orderly economic process:
Iraq comes, unfortunately, at the bottom of the list of countries from among the 186 countries in the field of business facilities, meaning that more countries worsened in the business and investment environment, according to the annual World Bank report which measures the practice of business regulations that encourage business activities or restrict cross-9 Report areas or "indicators" key is (starting a business, dealing with construction permits, registering property, getting credit facilities, and the protection of investors, paying taxes, trading across borders, enforcing contracts, and closing the business), so how can we invite investors to invest in Iraq and they are familiar with the Such reports and each difficulty they face there is the cost and the greater the costs of investment is profitable and is Magdi became in accordance with criteria (cost / benefit), and if the (total investment = government investment + private investment) and that's where government investment may decline up to 80% in the general budget for the year 2015 facing a significant shortfall in public revenues, there is no way for the government but increase private investment if it is to maintain a reasonable level of growth in GDP followed by a reasonable level of operation of the factors of production in order to prevent the decline of the economy into a crisis recession claustrophobic, and that's where the investment does not comes only by improving the business environment, the (homework) to the Government of Iraq is focusing on (improving the business environment Improve the business environment) will domestic and foreign investments come to meet the shortfall in government investment, and any reforms taken by Iraq should be monitored and enable the investor to reach it with full transparency, and here has to be the suppression of corruption with an iron hand in order not to extend the dirty to the soft mechanisms of action Pls trying complexity again for the purpose of extortion, that control the impact of reform will highlight areas of success as well as the areas that need more effort both at the same time, the reforms connected to conductive effective to executing the business community and the legal community agencies and the general public will ensure accept the changes and put them into practice, and will communicate effectively it shows that the Government of Iraq to take positive steps to increase the country's ability to compete and the freedom of entry and exit to and from the markets of goods and services and business.
Third: The State in Iraq adversely interfere in the economy:
Is still the state's role in Iraq, upside down, than it is the role of the state in the market economy, where the state operates in a market economy on the basis of the positive intervention strictest necessary border to restore stability and that's where aggregate demand is the sum of government demand and private demand, when the fall in aggregate demand as a result of the decline private demand, due to get a deflationary pressures Deflationary pressures and declining production, operation and access distributed to the elements of the production level, the government intervenes through increased government demand driven by increased government spending, leading to the organization of public budgets deficit of any (public expenditure is greater than the general revenues) for the output of the economy from state instability and prevent it from sliding toward deflation and recession, and gets exactly the opposite when get inflationary pressures Inflationary pressures, where the growing private demand large equipment the government be forced to reduce government demand for a return to the desired stability, as in Iraq, the size of government spending is funded from revenue oil by 95%, and the general budget of the state represent up to 45% of gross domestic product (GDP), while this ratio does not exceed 7% in Egypt, for example, and that means the domination of public spending on economic performance in Iraq, while being with indirect oil revenues impact in creating GDP up to 80%, and therefore the decline in aggregate demand comes mostly from the decline in output from the decline in government spending declining due to falling oil prices, government demand, then shrinks the private sector as a contractor to the government sector often, so the situation upside down, instead of the private sector contraction and be government intervention to save him, shrink the public sector and ask the private sector to have a role intrusive to save them, a funny paradox, and the rules of the game, then Palmekos, where changing the equations dealing with the private sector, from the development of marginalization equation when the government pockets are saturated to put Begging and courtship to urge them to investment and entrepreneurship and updated in order to pay for other ways and all are in the box, lending to the government, and this is amazing unable economic theories of dealing with him.
Fourth, fiscal and monetary policies have are the other upside down .. :
In the economic literature that are working on the whole world, must be policies have Mtnagmtin is contradictory be in goal orientation, either to be Tusaitin together, in the case of deflation Deflation, or Tkona Ankmachetin together in the case of inflation Inflation, however, in Iraq, in prosperity where large oil revenues The government is expanding public spending and regulating the budget a large deficit may be a sketch, but directed towards the expansion of spending and the end thereof bring about development, and justify it because the country is suffering from underdevelopment and wants to grow wider pace and creates development process to shorten the underdevelopment gap, but often accompany that monetary policy deflationary swallow an important part of the expansionary impact of fiscal policy, Venbaky N'Dour at the same backward level that we want to launch it towards the higher levels, and vice versa, in the case of scarcity of oil revenues for the government to shrink government spending in the various activities happening contraction in a clearly defined and the impact the economy, then interfere with monetary policy doses expansive trying to rescue the ailing government spending and restore things to normal in the context of limits and levels of routine is (the perpetuation of operational government spending minimum Bhdodh), and if the desired stability point of the fiscal and monetary economic policies is to cancel each other the impact of expansion, leaving the country When the desired level of retardation.
Fifth: The state relies police procedures rather than economic policies:
We find this clearly in Iraqi employee culture and culture maker economic decision also, in many joints that can not help mainly to listed and contented himself with a common condition, overlooking us from time to time, officials are talking about foreign exchange from Iraq smuggling, and suggest more more than police measures to prevent the phenomenon , Ioglun drown in the details and stories of prosecutions and stories exclamation Likes and perhaps the ability of smugglers to circumvent and pass all obstacles they have set, and perhaps mantras Bbtoulathm Meskuha and because they had forbidden her to go out and perhaps become national heroes.
The truth is quite different from the perception of these heroes, there is no issue originally in the economic sense, there is no need for measures sniffer taken and tournaments false, very briefly, (because the foreign exchange flee from Iraq and not run away, gentlemen), what you are doing action is also (upside down ).
In all the world and we are not in isolation, and each country's balance of payments The balance of payments has a two-fold:
The first part: balance of trade Balance of trade, which necessarily must be offset by the exit of foreign exchange entry of goods and services its value, entering the country to contribute to the overall width, and there is a court mechanisms are import according to letters of credit, and called the documentary because foreign exchange is not called to the source, but by Goods and services installed in the documents and up to the receiving port and restrict the Commercial Bank launch notice.
Tier II: capital movement Movement of capital in and out of the country, which is a legitimate movement and its theoretical grounds and is protected by local and international laws, which funds looking for investment opportunities profitable, the States and the donation to create an attractive environment for her, where the single window and the creation of the feasibility of solid and the creation of dedicated and sincere land studies problems and facilities for logistical huge comes investor his money and invest in the country, where when the country an attractive and profitable record the movement of capital from abroad to inside, and when the country (like Iraq) repellent and environment bad investment and buffeted by the whims of corrupt evade capital, any escape of foreign exchange of the country abroad in search of a profitable and safe investment opportunities, with evidence that the Iraqis have a very large investments abroad, which is part of the gross national product (GNP), which is growing faster than the rates (GDP) and the gap between them widening, and most Iraqis want to invest in Iraq and bemoan the lack of enabling them of that because Iraq is repellent gentlemen, the story is therefore not smuggling it is an escape, and forced the owner to smuggle because you have placed obstacles to the smooth flow of movement of capital naturally compelled him to circumvent in order to traverse, and therefore, you you discharged duty is sacred because it upside down, the sacred duty is to know money in the possession of people sources, you came from sound sources or not, before that forbid exit and entry, sacred duty is to be tossed and turned the equation, improved the business environment is your duty homework, enabled specialists from investment management bodies and work to create kegs for investors, will flow Cash foreign to the inside from the outside and injected into the local income and production cycle and get development.
Many other things dear reader is upside down in the economy compass specialists but no one required, and rush him panting wasps on other dates basket.
(*) Economic adviser in the advisers in the General Secretariat of the Council of Ministers
Copyright network of Iraqi economists. Permission to quote and re-publication, provided that the source
[You must be registered and logged in to see this link.]
