29/10/2011Iraq needed a distinct role for the private sector to revitalize the economic reality
Cannot initiate economic reform away from a monetary policy to maintain the exchange rate, which is an important aspect in the economic world, as well as in venture business Finder a secure environment for the presence in the field of employment, as well as monetary stability is very important for making concrete balanced productive sectors that create an environment friendly to aspiring global investments, to be stationed in Iraq.
Many economists stress the importance and role of the private sector in revitalizing the economic reality in the country, showing the areas of industrial, agricultural and commercial roles function can increase the size of the country's imports, and their ability to finance the Elimination of unemployment, as well as recovery of GDP and economic specialists rely on the private sector could play again in the lead roles leading the national economy in General, especially to the new Iraqi Constitution stipulates that a free economy is one of the leading economic actors in the country Generally, this underlines the role of the private sector in driving the country's production process in General, and stresses the importance of almaniion to take the Government to provide safe climates for this sector, as well as providing the necessary infrastructure to allow for the productive sectors, especially competition of industrial and agricultural sectors through activation of economic laws supporting tariff law and code checks alkmerket, as well as determining the volume of imports of materials and agricultural and industrial products in order to allow more private sector companies sector.
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Economic researcher recalls Dr Sattar Al-Bayati, the existence of many points that they said would revive private sector wezgh in the competitive process, indicating that the Iraqi private sector and material possibilities and great art for him in the event of labour market competition is stronger, indicating that the decline in private sector employment can adversely affect overall economic movement in the country and lead to the doubling of unemployment rates and survival depend on goods received, noting that that sector could improve significantly Through the real role that State and can play without rules and implementing market-economy system may fail, as the Government's role lies in organizing and configure and control the market system by enacting substantive laws that protect individuals and companies from corrupt practices.
Al-Bayati said: that among the means to revitalize the private sector is the availability of quality control in production and the factors affecting supply and demand and its potential impact on prices, and allow free competition and market entry and exit, as well as the existence of laws that ensure competition and quality, property rights and guarantee the rights of consumers and producers, ensuring a favorable economic environment for investment and economic activity, with maraaan to be economically and politically stable environment to allow Outlook to take range without anxiety or fear of the future.
Saying that the private sector and in the light of the foregoing need thus a favorable environment to work and thrive, and thus could have a significant role in national economy in terms of generating added value, particularly if we take into consideration that the State has already expressed on the adoption of this trend since 2004, when it issued the national development strategy for the years 2004 to 2007, where he was a clear emphasis on time and on the role of the private sector in national economy It will take the leading role and leadership in this area by Al-Bayati, who confirmed the issuance of dozens of important laws that served to support the sector and its revitalization in previous years as national product protection law, antitrust law, consumer protection law, investment law No. (13) for the year 2006, as amended, and the law of private investment in the crude oil filter no. (64) for the year 2007. State, said Al-Bayati said across the public sector still is the dominant economic activity in Iraq and the role of the sector Absent from the special, but the researcher denied that this trance or marginalization of the role of the private sector, adding that conditions intentionally undergone by the country and the deterioration of security and lack of visibility and shortage of energy all factors leading to this trance for the role of the private sector, it also led to capital flight to neighbouring and other countries for investment.
He called Al-Bayati, the private sector to examine diligently on ports that allow a production competition and occupy forward positions in the national economy through its contribution to GDP, saying the private sector to promote himself first and be proactive and knew him, stating that this is done through appropriate economic environment and political and economic stability allowed projections, and restatement of economic functions between the public and private sectors, and activate the application of economic laws that were enacted, and evolution Banking and adapted to be more compatible with new changes and economic variables to allow provision of facilities and concessions to the private sector in order to operationalize its role in economic activity and contribute to achieving not only economic development, but also social development
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