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Project Iraq's economic and national decision-making
Author: Iraqi future
06/13/2011 0:00
Akram Mohammed Hassan - Professor of Economics at the Academy of CRETEIL - France
Experiencing the process of economic decision-making of the Iraqi National faulty clear and significant. Since the fall of the previous dictatorial regime in 2003, was dominated by confusion and contradiction and ambiguity on the methods and mechanisms for the formulation of policies and procedures, legislation and economic laws, which is clearly reflected in the continuing economic crisis and the worsening of the country's political and social repercussions.
And complement as described in my previous article (Elaph 20/10/2010), could claim that the project is U.S. economic hegemony in Iraq, by, and the absence of the Iraqi national economic project, on the other, is one of the most important reasons that explain the weakness and confusion in the decision-making process Iraqi national economic. While the focus of the debate and the ongoing political debate between the Iraqi political forces to participate in power, on the final withdrawal of U.S. troops from Iraq at the end of this year, we note that there is a clear neglect of the core issue relating to the continued U.S. economic presence in Iraq. The Convention on the withdrawal of U.S. troops accompanied by a framework agreement on strategic cooperation, signed at the same time (2008) between the two sides, which the United States regards as a new phase in its presence in Iraq, and Kantqal of military presence to the civilian presence (in Iraq Military to Civilian Transition).
You see, what is the nature and extent of impact of the continuing dominance of the U.S. project on the process of economic decision-making of the Iraqi National?. And the nature of the basic conditions that must be met in the drafting of this resolution, which is long overdue?.
Objectives and policies of the U.S. economic project in Iraq:
The project aims primarily to U.S. economic interests of the United States as a major economic strategy. First, is the U.S. administration of Iraq the source of potential and alternative to the provision of energy (oil and gas), not only because of the importance and magnitude of the oil reserves of Iraq and the promising prospects for increased production, but because it has a close relationship assessment of the administration of the developments in international political and economic potential, and developments in the Middle East, and specifically in the Persian Gulf. Second, in light of intense commercial competition and conflict between the parties on the market increased in number and power, consider the U.S. administration to Iraq as a market potential for the disposal and sale of products of goods and services, including weapons and military equipment. Third, the openness and freedom of the Iraqi economy will create promising opportunities may rush of capital to seize the U.S. in search of diversification of sources of profit and risk Tkulaiil. These are the fundamental goals of the occupation of Iraq and to devote its economic dominance in this country.
To achieve these goals, the project of U.S. economic policies on the following: 1 - the development of Iraqi oil production and increasing revenue derived from export. 2 - Liberalization of the Iraqi economy during the transition to a market system and private sector development and maintenance of private property, 3 - to reduce the state's role and minimize its centrality and weaken its interference in economic affairs, and focus in the administration of general economic policy of fiscal and monetary short-term and aimed to regulate the economic cycle, as well as maintaining central bank independence. 4 - to achieve the comprehensive economic openness of the Iraqi economy to the outside world through the liberalization of foreign trade and the movement of capital and financial market opening and liberalization of domestic interest rates and linking the Iraqi dinar exchange rate U.S. dollar and the integration of Iraq into the global economy. And exercise economic and financial institutions like the World Bank and International Monetary Fund International and the World Trade Organization, the central roles in this area.
Those are the goals and policies that constitute the core of U.S. economic project, which is still the U.S. administration continued its implementation in Iraq since 2003, and that's what Stchrish strategic cooperation framework agreement referred to above.
Despite the continuing insistence of the U.S. administration to move to devote its economic dominance in Iraq, I think that this project has failed to achieve its stated objectives. Instead of the increase rising oil revenues to the emergence of tangible results and encouraging the rehabilitation and development and diversification of the productive base of the Iraqi economy and create needed jobs and provide basic public services to the Iraqi people oppressed, led the increase of Finance to the misuse of public money and a wide spread of corruption, financial and administrative structures. Instead, the transition to a market system and to activate and assign the role of the national private sector, did not lead the decisions (orders) of openness and economic liberalization (2003-2004) to the Coalition Provisional Authority headed by U.S. governor Paul Bremer, only to collapse 95% of private sector projects during the eight previous years, He also announced recently the President of the Federation of Iraqi Industries. Did not add these decisions and the subsequent reconstruction projects the U.S. to create a class of businessmen from the Iraqi creators and pioneers, but led to the emergence of groups of contractors retarded and corrupt brokers and the corrupt and greedy brokers and speculators. Also, did not lead the adopted fiscal policies since 2003 until now, only to sagging state institutions and the deterioration of its prestige. It is sufficient to demonstrate the continuation of this fact, a major cause of fiscal policy, the reference to the absence of the final accounts of many past years and do not have sufficient and accurate information about what the Trade Bank of Iraq's state-owned monopoly of all transfers of substantial financial and related Bastiradat State from abroad. Also, rather than be directed monetary policy effort's main banking system, an active and effective can the development of national savings and directed to productive investments, the main concern of this policy is to defend the unconvincing and boring for "independence" alleged, which to the extent of retrenchment of the Central Bank Iraqi behind the international financial organizations and bullying, and to invest the administration of conflict between the political blocs. It has reached to appeal to the Assistant U.S. Treasury Secretary, who came to Baghdad to defend their positions conflicting with the Iraqi government attitude on this issue raised at the beginning of this year. In addition to that, policies that wanted the openness and economic integration of Iraq with the global economy in order to attract foreign investment and technology transfer, have failed is in the other sought to achieve. Did not enter the country and far above what it's worth of foreign investment (excluding oil sector), and Iraq has become a world market for waste on the other end the last statement of the President of Iraqi Council of Representatives.
Project of national economic and economic decision-making of Iraq:
In previous years under the dominance of U.S. economic project, suffered the economic affairs department of the Iraqi state from many gaps and serious, namely: -
• focus on the financial aspects of the exploitation of oil wealth by paying special attention to increasing levels of production of Iraqi oil and gas, and the consequent rise in the financial returns. And justify this approach to a large extent rely clear in the management of economic affairs of the state on "policies" of financial, monetary and central bank independence, and determination of all remittances to pay for purchases of state from the outside in Trade Bank of Iraq and support of standing behind these institutions from political forces to participate in power.
This trend was reflected negatively on the nature and style of economic policy formulation in general. I have stayed the latter over the previous years, lack of clarity in the goals and orientations, and is still governed by the font style and experience the heavy costs and the low returns. Also, this administration did not exceed the fragmentation and loss of coordination and the absence of criteria for differentiation and follow-up and evaluation of programs and economic and financial measures that are adopted and implemented by the government. And could report the number of contradictory positions on a host of economic issues fundamental and general to demonstrate the inability of the floundering and lack of credibility in the way that are processed current economic problems facing the country (oil and gas law, files financial corruption, the electricity issue, the issue of Iraqi Airways, the issue of central bank independence and its relationship to the government, acting Iraqi financial assets accumulated and deposited abroad, the fate of public sector institutions, determine salaries and privileges of the presidency, parliament, government, finance the construction of the port of Faw .......,).
• deterioration of the central authorities of the state and the disruption of the balance between centralization and decentralization of state administration, under the pretext of spreading democracy, partnership and provide direct contact to the official government with the citizen, has seen the past eight years, a clear deterioration in the prestige of the central authorities of the State, and the fragmentation of the obvious and blatant in the distribution of general responsibilities between power between the federal and the Kurdistan region and other provinces. The result has been not only noticeable in times of government performance and the absence of follow-up to his achievements, but also led to a lack of responsibility and the spread of corruption and failure to meet the needs of the people and alleviate their suffering continued.
• Lack of seriousness in dealing with economic issues in most of the political forces the window to clear negligence of the experiences of national economic and ignore the opinions and proposals related to national interests common, simply because these views and proposals are not consistent with the interests of narrow partisanship of these forces. We have reflected the lack of attention to national economic expertise to the growing role of foreign advisers - who do not have sufficient know-how the complexities of the economic situation of the country - in a negative impact on economic decision-making and national economic management in general. As a result of this increasing reliance on "advice and guidance and counseling" foreign, he turned to deal with issues of national economic complex technical issues of concern to simplified and unrealistic.
• the absence of popular participation. We have proven experience of the past eight years that the exclusion and the absence of people's participation in determining the demands and aspirations in the conduct of affairs of state were among the reasons that led to the loss of credibility for the economic project the U.S. in Iraq, and to the failure of the procedures and government economic policies that were taking place in the framework of the dominance of this project.
• the emergence of a clear role for international economic organizations like the World Bank and International Monetary Fund and the World Trade Organization to influence the industry and national economic decision paths, which led to confusion in the nature and direction of the Department of Economic and Finance of the State. Although Iraq and through its relationship with the International Monetary Fund, for example, has achieved some positive results of progress with regard to the issue of external debt, continued intervention is unwarranted for this institution to weaken significantly in Iraq's capabilities to adapt its foreign relations and as dictated by national interests. The continuation of this trend was reflected in the glaring weaknesses of Iraq's economic diplomacy, and in the marginal role played by the Iraqi Foreign Ministry in this area. Throughout the previous years did not provide this ministry is also referred to reports and studies solid on the core issues and pressing for Iraq as issues of water, ports, water, energy and foreign investment and the movement of labor across borders, armaments, technology and environment, which has been and remains a source of complaint from many parties in government, parliament and the private sector and civil society organizations.
He also noted economic expert Iraqi known as Dr. Sabri Zire Al Saadi in his book reference on the experience of economic development in Iraq (Dar-term 2009), Iraq needs to draft Iraqi economic contribute events ushering and Noguep in the country, the strategic objective of this project is to achieve sustainable development that seeks to find a productive society and a prosperous, secure and open, creative and innovative, community cohesion and enjoy the power and freedom prevail and justice, equity and respect of law and safeguarding human rights and environmental conservation. In the framework of this strategic approach, clarified the fundamental differences between the American project and the project of the Iraqi state administration in general, and how they formulated the economic decision. That the project of national economic stresses: -
• Maintain the natural wealth and guaranteed wealth bitmaps, and be careful not to fragmentation and the emphasis on efficiency and the wisdom to use them and use them on the grounds that this wealth belongs to the Iraqi people and future generations. Therefore, not only this project to increase production of oil and gas and the consequent financial results of such an increase, but he emphasizes the first, to increase production of material and structural changes in the structure of the Iraqi economy by expanding and diversifying the productive base, technological and development of renewable agricultural and industrial productivity, and rehabilitation of infrastructure, provision of goods and services to meet the needs of citizens. Secondly, to ensure food security for the population through the development of the agricultural sector, livestock, fisheries and the rational exploitation of water resources. Third, increased levels of income and livelihood through the provision of employment opportunities and raise the levels of wages linked to levels of productivity and technological developments. Fourthly, to achieve justice and fairness valuable distribution of wealth and income between citizens, providing social security and social assistance. Fifth, to maintain the cleanliness and beauty of the environment and raising environmental awareness.
• to speed up the re-consideration of the role of the state and in the current stage, in particular, what this role is of crucial importance of public investment through the provision of security and rehabilitation of infrastructure and provision of public services and entrusting the private sector and solving the problems of unemployment and poverty in the country. This requires strengthening the federal authorities, particularly in the part of the Executive, and to ensure a balance between centralization and decentralization in decision-making process of national economic, and if the political forces involved in power is right in claiming that Iraq has the basic components of a democratic system of the Constitution, elections and parliament and an independent judiciary and independent bodies of Mhacep and follow-up and compliance with the law, why should there be fear of the reduction of the decentralization of power as is necessary and required, in the current circumstances of the country, to avoid chaos and confusion in the Department of State. • The participation and contribution and entrusting the people through public debate and in-depth and serious and orderly, and through organizations include professional and trade union and student independent and religious authorities and cultural, scientific and civic associations and forums of media, is fundamental and decisive factors in the attribution of Defense and ensure the success of the current economic problems and the next.
• accelerate the formulation of a wise diplomatic Iraqi economic relations aimed at the development of Iraq's economic, commercial, financial, technical and scientific with the various countries of the world. That economic diplomacy intervention as a fundamental variable in how the resolution drafted by the National Economic independent. For example, that seek to promote and develop foreign markets for Iraqi oil, imposed on the Iraqi diplomatic work paying particular attention to developing relations with foreign oil-consuming countries of Iraq. Also, requiring the need for Iraq to attract foreign investment and access to technology and technical expertise required to strengthen and promote relations with countries that are important sources of investment and technology.
All of the foregoing, the need for urgent concerted national efforts for the formulation and adoption of the draft Iraqi economic rules aimed at establishing a sober and clear mechanisms required by the Iraqi economic decision making rational and independent. This project is the main guarantor of the country to maximize the benefit from their natural resources and human large, and any international economic cooperation, U.S. or non-American, in order to get Iraq out of its economic crisis and the overall current place on the road to growth, stability and prosperity.
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Author: Iraqi future
06/13/2011 0:00
Akram Mohammed Hassan - Professor of Economics at the Academy of CRETEIL - France
Experiencing the process of economic decision-making of the Iraqi National faulty clear and significant. Since the fall of the previous dictatorial regime in 2003, was dominated by confusion and contradiction and ambiguity on the methods and mechanisms for the formulation of policies and procedures, legislation and economic laws, which is clearly reflected in the continuing economic crisis and the worsening of the country's political and social repercussions.
And complement as described in my previous article (Elaph 20/10/2010), could claim that the project is U.S. economic hegemony in Iraq, by, and the absence of the Iraqi national economic project, on the other, is one of the most important reasons that explain the weakness and confusion in the decision-making process Iraqi national economic. While the focus of the debate and the ongoing political debate between the Iraqi political forces to participate in power, on the final withdrawal of U.S. troops from Iraq at the end of this year, we note that there is a clear neglect of the core issue relating to the continued U.S. economic presence in Iraq. The Convention on the withdrawal of U.S. troops accompanied by a framework agreement on strategic cooperation, signed at the same time (2008) between the two sides, which the United States regards as a new phase in its presence in Iraq, and Kantqal of military presence to the civilian presence (in Iraq Military to Civilian Transition).
You see, what is the nature and extent of impact of the continuing dominance of the U.S. project on the process of economic decision-making of the Iraqi National?. And the nature of the basic conditions that must be met in the drafting of this resolution, which is long overdue?.
Objectives and policies of the U.S. economic project in Iraq:
The project aims primarily to U.S. economic interests of the United States as a major economic strategy. First, is the U.S. administration of Iraq the source of potential and alternative to the provision of energy (oil and gas), not only because of the importance and magnitude of the oil reserves of Iraq and the promising prospects for increased production, but because it has a close relationship assessment of the administration of the developments in international political and economic potential, and developments in the Middle East, and specifically in the Persian Gulf. Second, in light of intense commercial competition and conflict between the parties on the market increased in number and power, consider the U.S. administration to Iraq as a market potential for the disposal and sale of products of goods and services, including weapons and military equipment. Third, the openness and freedom of the Iraqi economy will create promising opportunities may rush of capital to seize the U.S. in search of diversification of sources of profit and risk Tkulaiil. These are the fundamental goals of the occupation of Iraq and to devote its economic dominance in this country.
To achieve these goals, the project of U.S. economic policies on the following: 1 - the development of Iraqi oil production and increasing revenue derived from export. 2 - Liberalization of the Iraqi economy during the transition to a market system and private sector development and maintenance of private property, 3 - to reduce the state's role and minimize its centrality and weaken its interference in economic affairs, and focus in the administration of general economic policy of fiscal and monetary short-term and aimed to regulate the economic cycle, as well as maintaining central bank independence. 4 - to achieve the comprehensive economic openness of the Iraqi economy to the outside world through the liberalization of foreign trade and the movement of capital and financial market opening and liberalization of domestic interest rates and linking the Iraqi dinar exchange rate U.S. dollar and the integration of Iraq into the global economy. And exercise economic and financial institutions like the World Bank and International Monetary Fund International and the World Trade Organization, the central roles in this area.
Those are the goals and policies that constitute the core of U.S. economic project, which is still the U.S. administration continued its implementation in Iraq since 2003, and that's what Stchrish strategic cooperation framework agreement referred to above.
Despite the continuing insistence of the U.S. administration to move to devote its economic dominance in Iraq, I think that this project has failed to achieve its stated objectives. Instead of the increase rising oil revenues to the emergence of tangible results and encouraging the rehabilitation and development and diversification of the productive base of the Iraqi economy and create needed jobs and provide basic public services to the Iraqi people oppressed, led the increase of Finance to the misuse of public money and a wide spread of corruption, financial and administrative structures. Instead, the transition to a market system and to activate and assign the role of the national private sector, did not lead the decisions (orders) of openness and economic liberalization (2003-2004) to the Coalition Provisional Authority headed by U.S. governor Paul Bremer, only to collapse 95% of private sector projects during the eight previous years, He also announced recently the President of the Federation of Iraqi Industries. Did not add these decisions and the subsequent reconstruction projects the U.S. to create a class of businessmen from the Iraqi creators and pioneers, but led to the emergence of groups of contractors retarded and corrupt brokers and the corrupt and greedy brokers and speculators. Also, did not lead the adopted fiscal policies since 2003 until now, only to sagging state institutions and the deterioration of its prestige. It is sufficient to demonstrate the continuation of this fact, a major cause of fiscal policy, the reference to the absence of the final accounts of many past years and do not have sufficient and accurate information about what the Trade Bank of Iraq's state-owned monopoly of all transfers of substantial financial and related Bastiradat State from abroad. Also, rather than be directed monetary policy effort's main banking system, an active and effective can the development of national savings and directed to productive investments, the main concern of this policy is to defend the unconvincing and boring for "independence" alleged, which to the extent of retrenchment of the Central Bank Iraqi behind the international financial organizations and bullying, and to invest the administration of conflict between the political blocs. It has reached to appeal to the Assistant U.S. Treasury Secretary, who came to Baghdad to defend their positions conflicting with the Iraqi government attitude on this issue raised at the beginning of this year. In addition to that, policies that wanted the openness and economic integration of Iraq with the global economy in order to attract foreign investment and technology transfer, have failed is in the other sought to achieve. Did not enter the country and far above what it's worth of foreign investment (excluding oil sector), and Iraq has become a world market for waste on the other end the last statement of the President of Iraqi Council of Representatives.
Project of national economic and economic decision-making of Iraq:
In previous years under the dominance of U.S. economic project, suffered the economic affairs department of the Iraqi state from many gaps and serious, namely: -
• focus on the financial aspects of the exploitation of oil wealth by paying special attention to increasing levels of production of Iraqi oil and gas, and the consequent rise in the financial returns. And justify this approach to a large extent rely clear in the management of economic affairs of the state on "policies" of financial, monetary and central bank independence, and determination of all remittances to pay for purchases of state from the outside in Trade Bank of Iraq and support of standing behind these institutions from political forces to participate in power.
This trend was reflected negatively on the nature and style of economic policy formulation in general. I have stayed the latter over the previous years, lack of clarity in the goals and orientations, and is still governed by the font style and experience the heavy costs and the low returns. Also, this administration did not exceed the fragmentation and loss of coordination and the absence of criteria for differentiation and follow-up and evaluation of programs and economic and financial measures that are adopted and implemented by the government. And could report the number of contradictory positions on a host of economic issues fundamental and general to demonstrate the inability of the floundering and lack of credibility in the way that are processed current economic problems facing the country (oil and gas law, files financial corruption, the electricity issue, the issue of Iraqi Airways, the issue of central bank independence and its relationship to the government, acting Iraqi financial assets accumulated and deposited abroad, the fate of public sector institutions, determine salaries and privileges of the presidency, parliament, government, finance the construction of the port of Faw .......,).
• deterioration of the central authorities of the state and the disruption of the balance between centralization and decentralization of state administration, under the pretext of spreading democracy, partnership and provide direct contact to the official government with the citizen, has seen the past eight years, a clear deterioration in the prestige of the central authorities of the State, and the fragmentation of the obvious and blatant in the distribution of general responsibilities between power between the federal and the Kurdistan region and other provinces. The result has been not only noticeable in times of government performance and the absence of follow-up to his achievements, but also led to a lack of responsibility and the spread of corruption and failure to meet the needs of the people and alleviate their suffering continued.
• Lack of seriousness in dealing with economic issues in most of the political forces the window to clear negligence of the experiences of national economic and ignore the opinions and proposals related to national interests common, simply because these views and proposals are not consistent with the interests of narrow partisanship of these forces. We have reflected the lack of attention to national economic expertise to the growing role of foreign advisers - who do not have sufficient know-how the complexities of the economic situation of the country - in a negative impact on economic decision-making and national economic management in general. As a result of this increasing reliance on "advice and guidance and counseling" foreign, he turned to deal with issues of national economic complex technical issues of concern to simplified and unrealistic.
• the absence of popular participation. We have proven experience of the past eight years that the exclusion and the absence of people's participation in determining the demands and aspirations in the conduct of affairs of state were among the reasons that led to the loss of credibility for the economic project the U.S. in Iraq, and to the failure of the procedures and government economic policies that were taking place in the framework of the dominance of this project.
• the emergence of a clear role for international economic organizations like the World Bank and International Monetary Fund and the World Trade Organization to influence the industry and national economic decision paths, which led to confusion in the nature and direction of the Department of Economic and Finance of the State. Although Iraq and through its relationship with the International Monetary Fund, for example, has achieved some positive results of progress with regard to the issue of external debt, continued intervention is unwarranted for this institution to weaken significantly in Iraq's capabilities to adapt its foreign relations and as dictated by national interests. The continuation of this trend was reflected in the glaring weaknesses of Iraq's economic diplomacy, and in the marginal role played by the Iraqi Foreign Ministry in this area. Throughout the previous years did not provide this ministry is also referred to reports and studies solid on the core issues and pressing for Iraq as issues of water, ports, water, energy and foreign investment and the movement of labor across borders, armaments, technology and environment, which has been and remains a source of complaint from many parties in government, parliament and the private sector and civil society organizations.
He also noted economic expert Iraqi known as Dr. Sabri Zire Al Saadi in his book reference on the experience of economic development in Iraq (Dar-term 2009), Iraq needs to draft Iraqi economic contribute events ushering and Noguep in the country, the strategic objective of this project is to achieve sustainable development that seeks to find a productive society and a prosperous, secure and open, creative and innovative, community cohesion and enjoy the power and freedom prevail and justice, equity and respect of law and safeguarding human rights and environmental conservation. In the framework of this strategic approach, clarified the fundamental differences between the American project and the project of the Iraqi state administration in general, and how they formulated the economic decision. That the project of national economic stresses: -
• Maintain the natural wealth and guaranteed wealth bitmaps, and be careful not to fragmentation and the emphasis on efficiency and the wisdom to use them and use them on the grounds that this wealth belongs to the Iraqi people and future generations. Therefore, not only this project to increase production of oil and gas and the consequent financial results of such an increase, but he emphasizes the first, to increase production of material and structural changes in the structure of the Iraqi economy by expanding and diversifying the productive base, technological and development of renewable agricultural and industrial productivity, and rehabilitation of infrastructure, provision of goods and services to meet the needs of citizens. Secondly, to ensure food security for the population through the development of the agricultural sector, livestock, fisheries and the rational exploitation of water resources. Third, increased levels of income and livelihood through the provision of employment opportunities and raise the levels of wages linked to levels of productivity and technological developments. Fourthly, to achieve justice and fairness valuable distribution of wealth and income between citizens, providing social security and social assistance. Fifth, to maintain the cleanliness and beauty of the environment and raising environmental awareness.
• to speed up the re-consideration of the role of the state and in the current stage, in particular, what this role is of crucial importance of public investment through the provision of security and rehabilitation of infrastructure and provision of public services and entrusting the private sector and solving the problems of unemployment and poverty in the country. This requires strengthening the federal authorities, particularly in the part of the Executive, and to ensure a balance between centralization and decentralization in decision-making process of national economic, and if the political forces involved in power is right in claiming that Iraq has the basic components of a democratic system of the Constitution, elections and parliament and an independent judiciary and independent bodies of Mhacep and follow-up and compliance with the law, why should there be fear of the reduction of the decentralization of power as is necessary and required, in the current circumstances of the country, to avoid chaos and confusion in the Department of State. • The participation and contribution and entrusting the people through public debate and in-depth and serious and orderly, and through organizations include professional and trade union and student independent and religious authorities and cultural, scientific and civic associations and forums of media, is fundamental and decisive factors in the attribution of Defense and ensure the success of the current economic problems and the next.
• accelerate the formulation of a wise diplomatic Iraqi economic relations aimed at the development of Iraq's economic, commercial, financial, technical and scientific with the various countries of the world. That economic diplomacy intervention as a fundamental variable in how the resolution drafted by the National Economic independent. For example, that seek to promote and develop foreign markets for Iraqi oil, imposed on the Iraqi diplomatic work paying particular attention to developing relations with foreign oil-consuming countries of Iraq. Also, requiring the need for Iraq to attract foreign investment and access to technology and technical expertise required to strengthen and promote relations with countries that are important sources of investment and technology.
All of the foregoing, the need for urgent concerted national efforts for the formulation and adoption of the draft Iraqi economic rules aimed at establishing a sober and clear mechanisms required by the Iraqi economic decision making rational and independent. This project is the main guarantor of the country to maximize the benefit from their natural resources and human large, and any international economic cooperation, U.S. or non-American, in order to get Iraq out of its economic crisis and the overall current place on the road to growth, stability and prosperity.
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