The establishment of a development bank that supports the transition to a market economy
The establishment of a development bank that supports the transition to a market economy
7/5/2014 0:00
Two experts stress the importance of managing the economic file by the private sector
of Baghdad – the joy of pumice
in order to move towards a market economy and trade liberalization in the country, the opinion of specialists to give up the state in the economy, the role of the merchant and the product, and that the role of the catalyst to improving the investment climate and business environment and its personnel security and environmentally , as is the global trend, by giving way to the private sector in the management of the economic file, in line with what was brought by the Constitution of the role and effectiveness of the sector in the development process.
comes at a time plans by the Ministry of Commerce to import rebar inside in the construction and reconstruction of origins of global card purchasing is estimated at 300-400 thousand tons annually.
economic expert Ali Fukaiki considered that the import of State for rebar does not offer an advantage for the national economy as compared with steel traders, on the other hand, the lifting of quantitative restrictions and price and administrative import the private and the abolition of the requirement to obtain a license Prior, that will not leave an advantage to imports ministry over its imports of the private sector, especially the work of the ministry involves costs invisible to the national economy is the opportunity cost which is about the costs that would still avoid the national economy in the case, if not the ministry to import.
added Fukaiki in Speaking «morning» that the import of the government away from the concepts and rules of the market economy, especially as they are enjoying the benefits, including the exemption of imports government of customs duty and his belongings, the exemption from the requirement to obtain the import license prior, as well as exemption from income tax, as well as warehouses for storing imported goods to the ministry concerned does not meet the wages of storage for those goods.
among sees economic expert, Dr. Majid picture that in the current transitional phase is possible that the State exercises its work in some of the trade issues, either services (non-infrastructure), it is possible to turn them into the private sector, where proved its role in meeting the basic needs of the Iraqi society, stressing the censorship by the government on some business by monitoring the main source of the commodity and even received by the consumer is also located within the responsibility of consumer protection associations.
between Suri »Sabah» in general that is not selected the identity of Iraq’s economic, you are centralized totalitarian or market economy, as it is in Germany or America or China and other countries in general, stressing the importance of the private sector in the field of industry, agriculture, tourism and services, as it is an engine actor of the Iraqi economy, as the Constitution provides for the importance and the role of this sector in the economic development process.
either the most prominent proposals and solutions that are in favor of the shift towards a market economy urged the expert to set up a bank new development will not be built on the specialized banks are currently strewn procedures and routines, and that is capital so great that he does the productive sector and the service is fully Whether public or private to compensate for a large proportion of imports and stimulate the Iraqi economy and revitalize the securities through the establishment of joint-stock companies, as in the experience of Germany after World War II, they returned it with a very successful experience through his work (the bank) in a manner governance and high professional, to be able to separate political struggles for basic tasks at hand, a process of economic development.
alsabaah.iq
