The Inverse Relationship Between The Oil Contribution And Iraq's Economic Activities Is A Model !

[DinarThug]

CNN. Broadcasting From The CBI Basement With A Camel On A Treadmill Generator And Cranking Up The IQD Demand !

 

 

(by don961)

The inverse relationship between the oil contribution and Iraq's economic activities is a model

2017-11-16

 

Oil occupies an important and important position in most countries of the world, both producing and consuming, because of its intrinsic advantages that make it the production of most industrial products, especially oil derivatives, and its use as a source of energy contributing to the production of goods and services, Energy such as electric power or other.

As a result of its intrinsic importance and the absence of a better alternative in terms of advantages and costs of production, it has become an international strategic commodity with a great weight in the economies of each country and the rearrangement and formulation of local, regional and international economic relations. Exported, consumed and imported, in proportion to the interests of their countries.

Resource curse (inverse relationship)

With so much importance at the local, international, economic and political levels, many resource-rich countries have undesirable effects, as they do not meet the interests and aspirations of their true owners, and are thus expressed as "resource curse" or "Dutch disease" "The proportion of what happened to the Netherlands when it discovered gas, has undesirable effects on the economic level.

The reverse process between oil contribution and economic activities is taking place not only in oil countries, but also in most mineral-rich countries lacking good management systems, with the absence of social awareness in directing the government administration to these resources in the direction that serves its interests. In addition, Depending on the outside world where the local community contributes very little to generating its resources.

The reliance on the outside world to generate the resources of the country in conjunction with the limited local contributors in generating their sources of cash is the most important factor in achieving the inverse relationship between oil contribution and economic activities. It is known that mineral resources extracted from the ground and exported abroad need to be Capital intensive industries and therefore the contribution of society is limited in generating incomes and what is worse is the lack of interlock, but the separation of the oil sector and its revenues from economic development.

The reverse relationship in Iraq

This relationship can be clarified by clarifying the contributions of economic activities, especially agriculture, fishing, forestry and manufacturing, and comparing them with the contribution of extractive industries to Iraq's GDP.

In 1990, the share of agriculture, fishing and forestry accounted for 19.80%, manufacturing accounted for 8.83%, and mining and extractive industries accounted for 14.29% of GDP of $ 74933 million. The remaining 57.08% represents the contributions of all other sectors such as electricity, water and gas, construction, trade, restaurants and hotels, transport, communications and storage, financial and insurance institutions, housing, government services and other services.

In 2015, the contribution of the agriculture, fishing and forestry sector was 5.40%, the manufacturing sector constituted 3.84%, and the contribution of mining and extractive industries accounted for 38.26% of GDP. The rest of the other sectors accounted for the remaining 52.5% of GDP of $ 143413 million.

Comparison

The following is a comparison of the extent to which the inverse relationship was achieved by the contribution ratios of the above sectors for the two years in the total saline output:

- The contribution of the agricultural sector, including fishing and forestry, to 5.40% in 2015 after it constituted 19.80% of GDP. This is in contrast to the increase in the contribution of the mining and extractive industries, whose main pillar is Iraq, to 38.26% Accounting for 14.26% of GDP in 1990.

- Although we note that the contribution of the manufacturing sector was less than that of mining and extractive industries in 1990, the latter had a greater impact on the contribution of manufacturing industries, and the reasons would be clarified later. The contribution of the manufacturing sector decreased to 3.84% in 2015 from 8.83% of GDP in 1990, in return for the increase in the contribution of the mining sector and the extractive industries as indicated in the previous point.

We also note that the contribution of other commodity sectors and distribution and service sectors declined to 52.5% in 2015 after constituting 57.08% of GDP in 1990. This is in contrast to the increase in the contribution of mining and extractive industries.

the reasons

The reasons for achieving the opposite relationship between oil contribution and economic activities in the national economy, especially GDP, in the absence of efficient management and the real will of the decision makers and government officials, where the absence of management and will lead to reasons we can call economic reasons technical as follows:

1 - The high exchange rate, the discovery of natural mineral resources and then export in exchange for huge amounts of foreign exchange, which will in turn generate demand for the local currency and this increase will lead to a higher value of the local process and this means higher prices of local goods compared to prices of foreign goods, Demand for local goods due to their inability to compete, the low demand for them means a decline in the contribution of economic activities against the increase in the contribution of oil in the national economy, especially GDP.

2. Increasing the wages of workers. The discovery and extraction of natural mineral resources generates more foreign currency and its added value is so great that it helps to increase the wages of workers in the mining and extractive industries as contributors to increase this added value and to encourage them and encourage them to develop their performance. In a way that increases the production of this resource. This increase will make workers in other sectors resort to work in this sector with a desire for high wages and this will generate a low supply of labor in economic activities is increasing demand for the labor force and their wages rise and then rise in the cost of production of goods and services and finally increase in prices. .

Solutions

First: To find a management that has a genuine independent will and specialized in managing the oil sector in a way that contributes to supporting economic development and can not be separated from it.

Second: Interest in exchange rate management in a way that encourages national products to compete and withstand foreign goods.

Third: Work to make the salaries of workers in the state close so that migration does not get to some sectors and the rise in wages and prices.

Fourth: The interest in providing an investment climate that encourages the private sector to invest real by providing concessions and guarantees that stimulate investment.

Hamed Abdul Hussain Khudair Jubouri / Al-Furat Center for Development and Strategic Studies

 link

[Boggle]

Would love to see a high exchange rate right now!!!

[pokerplayer]

I usually know its a good read when Thuggie uses color highlights !!

 

  Thxs Thug,

 

   pp

[DinarThug]

14 minutes ago, pokerplayer said:

I usually know its a good read when Thuggie uses color highlights !!

 

And A Second Coating Of Mascara !  

 

     

 

 

 

 

 

http://economy-news.net/conten.....hp?id=9789

Oil Minister: Iraq has promising opportunities to invest in the oil and gas sector

 

16th November, 2017

Oil Minister Jabbar Ali Al-Luaibi said on Thursday that Iraq has promising investment opportunities in the oil and energy sector and that the government and the ministry are keen to provide the suitable environment for the work of Arab and international companies to achieve common goals.

Al-Luaibi said in a speech during his participation in the work and discussions of the ADIPEC conference in Abu Dhabi and its follow-up, "Economy News", "The ministry called on international companies to invest in the sectors of liquidation and extraction and drilling and infrastructure projects and to strengthen partnership and cooperation with national companies to achieve common goals and contribute to Activate the wheel of development and the national economy. "

The Minister of Oil had met with a number of ministers and directors of international companies on the sidelines of his participation in the conference of ADIPEC and discussed with them ways to strengthen relations and investment cooperation in the oil and energy sector.

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) is a global forum attended by oil ministers and specialists in the oil and gas industry around the world under one umbrella. The exhibition is one of the top three exhibitions in the oil and gas sector in the world and the largest in the Middle East and North Africa, through the exchange of expertise that will enable experts and specialists in the global oil sector to exchange information and ideas that contribute to shaping the future of the energy sector in the world The exhibition is held with the support of the United Arab Emirates Department of Energy.

Edited November 16, 2017 by DinarThug

[DinarThug]

2 hours ago, pokerplayer said:

I usually know its a good read when Thuggie uses color highlights !!

 

Don't Hate Me Because I'm Beautiful !  

 

     

[four wheel drift]

At 50 plus I like the large letters too!!!!

FWD

GO RV

One day closer

Thx thugs

Hopefully these articles lead to prosperity.

 

[Jmcc]

3 hours ago, pokerplayer said:

I usually know its a good read when Thuggie uses color highlights !!

 

  Thxs Thug,

 

   pp

From what I have been told, you should see his colored highlighted undies.

[ChuckFinley]

3 hours ago, pokerplayer said:

I usually know its a good read when Thuggie uses color highlights !!

 

  Thxs Thug,

 

   pp

Same here, I get PUMPED when gets into those color highlights. 

[ChuckFinley]

1 hour ago, four wheel drift said:

At 50 plus I like the large letters too!!!!

FWD

GO RV

One day closer

Thx thugs

Hopefully these articles lead to prosperity.

 

To be 50.  

[boosterbglee]

Colorful highlights and colorful language......that's our clown! 

[Jaygo]

Is it bad that I only read colored highlights and nothing else? Doh! 😬

[Theseus]

5 hours ago, DinarThug said:

 

And A Second Coating Of Mascara !  

 

     

 

 

 

 

 

http://economy-news.net/conten.....hp?id=9789

Oil Minister: Iraq has promising opportunities to invest in the oil and gas sector

 

16th November, 2017

Oil Minister Jabbar Ali Al-Luaibi said on Thursday that Iraq has promising investment opportunities in the oil and energy sector and that the government and the ministry are keen to provide the suitable environment for the work of Arab and international companies to achieve common goals.

 

Well thank you Capt. Obvious. Quit bloviating and obfuscating and work on doing. Promising equates to soon.

[Officiallytook]

Hmm... 

 

[sandfly]

thanks clown

[DinarThug]

19 hours ago, boosterbglee said:

Colorful highlights and colorful language......that's our clown!  

 

This F#*%ing Investment Would Make A Bishop Swear !  

 

     

[ChuckFinley]

23 hours ago, Jaygo said:

Is it bad that I only read colored highlights and nothing else? Doh! 😬

No., it just means you have been around long enough to get the meat of the story.  

[Jaygo]

38 minutes ago, ChuckFinley said:

No., it just means you have been around long enough to get the meat of the story.  

 

Too long!!!! 😩

[ChuckFinley]

5 minutes ago, Jaygo said:

 

Too long!!!! 😩

I was seating next to a jar of barley, now it is a fine Scotch.  

[Officiallytook]

On 11/16/2017 at 2:54 PM, Jaygo said:

Is it bad that I only read colored highlights and nothing else? Doh! 😬

 

1 hour ago, ChuckFinley said:

No., it just means you have been around long enough to get the meat of the story.  

 

1 hour ago, Jaygo said:

 

Too long!!!! 😩

 

57 minutes ago, ChuckFinley said:

I was seating next to a jar of barley, now it is a fine Scotch.  

 

5 hours ago, DinarThug said:

 

This F#*%ing Investment Would Make A Bishop Swear !  

 

     

 

[Theseus]

Examples of good models

 

[ChuckFinley]

49 minutes ago, Theseus said:

Examples of good models

 

Excellent example, my German got pretty good by the end of that file.  

[DinarThug]

(by samson)

LINK

Al-Allaibi confirms: We have invited international companies to invest in Iraq

 

18th November, 2017

The Iraqi minister of oil, Jabbar al-Allaibi, Saturday, that Iraq has promising opportunities to invest in the oil and gas sector and the government and the ministry are keen to provide an environment suitable for the work of Arab and international companies, to achieve common goals.

"The Ministry of Oil has called on international companies to invest in the sectors of liquidation, extraction, drilling, infrastructure projects and the promotion of partnership," Al-Luaibi said in a speech during his participation in the work and discussions of the ADIPEC conference and exhibition in Abu Dhabi on Friday. Cooperation and cooperation with national companies in order to achieve common goals and contribute to revitalize the wheel of development and the national economy. "

The Minister of Oil met with a number of ministers and directors of international companies on the sidelines of his participation in the work of the conference, which is held "with the support of the UAE Ministry of Energy" and discussed with them ways to strengthen relations and investment cooperation in the oil and energy sector.