Economist warns of the danger of relying on oil to continue in the Iraqi economy
Economist warns of the danger of relying on oil to continue in the Iraqi economy
Mon, July 14, 2014 14:27
BAGHDAD / Baghdadi News … an economist warned on Monday of the danger of relying on the continuation of Iraq’s oil only in the areas of the Iraqi economy, noting that any crisis in the global oil market has been a disaster for Iraq to Aihamd Akbaha.
The economist said Qais al-Zubaidi told / Baghdadi News / “The Iraqi economy is suffering from a steady decline in growth due to the lack of economic plans and clear can be adopted and acted upon on in accordance with the plans and tactics and studied programs Until now, the Iraqi economy is not an important broad agenda amid politicians and political programs The second issue is that the Iraqi economy is diverse, unilaterally dependent on oil export only “, warning of the” need for diversity in the Iraqi economy and reliance on other forms of wealth such as tourism, religious, agriculture and open industry Alpetrokimaoyat to meet any emergency that might affect the global oil market. ”
“The lack of foreign investment in Iraq because of the lack of a suitable environment for investment is causing an imbalance in the economic structure of these investments will open several areas to strengthen the Iraqi economy.”
He pointed to “the need to take the issue of the fluctuation of oil prices into consideration by the planners of the Iraqi economy”, ruling that “the delay in the budget of the reasons for the fluctuation of the Iraqi economy, because this issue is repeated since 2004, and we’ve become accustomed them.”
“The Iraqi economy is not systematically organized,” he said, adding that “the economy needs to re-structuring of the new systems in accordance with the modern economic”. Ended 21 / j
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