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Experts: the prevailing consumption pattern behind the rise in prices and incomes fragmentation
26/07/2011
Called on to encourage the process of saving the citizens
BAGHDAD - Haider al-Rubaie Flaih
Sure many specialists in the economic aspect of the consumer culture that closely related to high prices in local markets .. Particularly that the most prominent economic rules that determine the paths in the markets around the world is the supply and demand by growing cultures in light of the phenomenon of weak consumer demand and the contraction in supply leads to the result of the increasing prices and rising inflation rates ..
In Iraq, according to an expert in macroeconomic policy, Dr. Zafer Abdel-Hadi said the growth rates of demand have affected more than the rest of the factors on the rates of prices and thus contributed greatly to increase the prices of goods and goods in local markets, attributed Abdul Hadi reasons for the emergence of the phenomenon of culture Alasthlakihalmetzaadh to the state of deprivation that was experienced the individual and the family experienced during the former regime, which led to the emergence of cases of purchase (Alnhma) that abounded after 2003 and led to increase the demand for materials in the domestic market, then the rising prices and also contributed Balrde drown them.
And grown in Iraq after the 2003 phenomenon, which he said economist Adel al-Ani as the most dangerous at the level of economic family, and confirms the Ani that the proliferation and the emergence of consumer culture increasingly will work on the fragmentation of household incomes and contribute to higher prices and increased consumer bad that often attract shoppers to buy them without little benefit indicates Ani that Iraq became a quagmire serious of the various types of inferior goods after an absence of control and standardization as well as fading taxation of customs on goods entering and confirms that this matter has caused impulsively people significantly towards the purchase of materials may not be necessary in many cases, noting that consumer culture vulnerable of the Iraqi family a big role in the decline in processing power, indicating that the increase in goods and electrical items at home led to a reduction and reduced processing times for electricity, especially that the use of most of these devices may get a non-emergency landing the resulting consequences directly affect the processing power ..
The shows most economists that the low prices and behind the emergence of the phenomenon of consumer culture bad, Dr. Sattar al-Rubaie shows that the absence of a culture of savings also contributed to this trend, which confirmed that it is equivalent in terms of risk phenomena of unemployment or inflation, stressing that the economic recovery of the individual and the family missed the principle of saving, savings, and grown Instead, a culture that contributed to purchase extra high level of inflation in many cases, pointing out that the growing appetite for buying any of the material will necessarily lead to higher prices and thus the emergence of cases of serious inflation.
The rates of prices in local markets all hiked through the simple past few days and watchers attributed the reasons to an increase in people wanting to buy different kinds.
Of food to coincide with the advent of holy month of Ramadan .. However, the followers have suggested that the slight increase in the rest of the prices of goods and materials resulting from the start of the work of international companies viewfinder on the Iraqi border, which had to import the introduction of goods and materials specifications of a recognized global as well as the down payment money wages for those companies for materials that have been imported.
In the opinion of the Economic Section need to develop the process of saving the Iraqi families and can contribute to the banking sector and public sectors by raising interest rates to encourage citizens to contribute to savings in the smart card in perpetuating a culture of saving as one of the factors helping to change consumer behavior and style.
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