Private sector and economic performance

[6ly410]

Saturday 25 May

http://alsabaah.iq/9260/القطاع-الخاص-والأداء-الاقتصادي

Private sector and economic performance
Yasser Al Metwally
 
In an article last Sunday, we talked about the size of the private sector and its value as complete in terms of number, weight and content, and we said that the talk is the rest. In an article today, I will address another important topic of relevance by answering the question: What is the size of the impact of the private sector in economic performance? Perhaps one of the drawbacks to the Iraqi private sector is that its counterparts in a number of brotherly and friendly countries are an intermediary sector that is not effective due to the behavior of the hooligans on the sector, and it is known that any imbalance leading to the tangle of the sector creates this emergency.
The prestigious private sector in some developed countries when it wants to invest is looking for a strategic partner who has the ability to achieve the success of investment and be a guarantor in that country, while surprised by the low offers by this exile is a pledge to mediate them by facilitating their work on the pretext of their relations with officials and their impact by providing all their requirements and All of them without bothering for a commission on the pretext of their knowledge of the Minister or influential influential bodies, which reduces the value of the private sector, even if some companies and certainly companies failed failed to scale required and inefficient to this bad offer.
I refer to this negative phenomenon transparently, but you agree with me that such behavior weakens confidence in the private sector as a partner and contributes to the dissemination of the phenomenon and considered a title "prevalent". Therefore, there is no implication for the private sector in economic performance, especially in attracting international investments to rebuild the country and develop its economy.
This emergency phenomenon should not discourage the real private sector from trying to erase this blurry image and improve its image in front of its private sector. But how?
It is time for the institutions of economic affairs to heal, both organizational and scientific, to establish a higher council for a real private sector that represents Iraq at the best representation at all foreign and local levels, and is able to play a prominent role in the extent of its impact on economic performance. Prior to this Council, there must be accurate and decisive procedures to review many of these institutions and structure, which allows the selection of efficient elements in the representation of their sectors and have the ability and expertise to play this developmental role. A task that is not easy but achievable, and a return in a third and final article next Sunday, which will present the most important challenges facing the private sector and impede the performance of its developmental role to develop the economy of the country.
As I am aware that one of my most important interest in economic affairs, as an observer, is to correct the performance of the private sector and support its orientations.

[6ly410]

Saturday 25 May

Economic Highlights
Baghdad / Shukran al-Fatlawi
 
 http://alsabaah.iq/9256/
Dr. Bassem Abdul Hadi Hassan, the character of the press articles in a simplified and understandable language in the author of his book "economic lightings" without prejudice to scientific constants
; In order to clarify the economic concepts and presentation in a soft language understood by the general reader away from the use of dry terms and equations, to deliver economic information in a manner
Palatable.
The author wondered at the beginning of the book about the possibility of establishing a sovereign fund, saying when will be the creation of a sovereign wealth fund in
Iraq?
He explained that international experience shows that the creation of a sovereign wealth fund in the country can contribute to the strengthening of the public budget in the face of failures in annual revenues and face unexpected deviations between revenues and public expenditures
, And the average balance is determined from the budget surplus constantly and invested financially as a sovereign investment portfolio
, In the sense that a certain percentage of revenue is deducted annually to be placed in the Fund, and then managed in accordance with a special law to ensure transparency
And success.
The key role that the Sovereign Fund can play in Iraq is to isolate the general and macroeconomic balance from the external shocks that occasionally occur in world oil prices
, Thus leading to a state of stability, as well as working to preserve the rights of future generations
, As well as being an important platform for initiating economic and social priority projects on the road to success in the development process
Economic development.
"The partnership with the private sector is optimal," he said, pointing out that the EU countries have held about 1400 partnership agreements over the past two decades, as well as the establishment of an international center for partnership contracts,
that.
The author also explained the concept of "investment areas" within the concepts addressed by the book, explaining that it is a modern concepts in the framework of attracting foreign investment, which may be compatible with some of the terms nearby free zones, industrial cities
, Because of the common denominator between them,
 Is to focus economic activities in a specific place in order to create a state of integration between them and provide the elements of activities in the said but the convergence does not express the same content of those names, noting the importance of establishing these areas to determine the uses and nature of projects that can be held with The need for the State to commit itself to linking its services with services
The President.
The writer concluded the way to address unemployment, wondering: what China has done on a basis to reach the private sector to what it is
Today?
 Pointing out that the answer is simply that it has worked on the development of infrastructure, which is one of the main keys to the process of economic growth and investment movement
, According to the latest international reports. China's total government spending in the field of infrastructure in recent years amounted to nearly eight trillion
Dollars.
The book also contains several articles in different names, notably education and reform
, Banking density
, The relationship between theory and reality and the tourism industry and other topics that review economic problems and methods
Processed.
The author was born in Baghdad 1971 and holds a doctorate in economics
, Is currently the spokesman for the Iraqi Central Bank and lecturer at many universities and study centers has four books published in the economy and many articles
And research.

Edited May 25, 2019 by 6ly410

[10 YEARS LATER]

I think we'd ALL love to see our " Bank Account Performance "

[Laid Back]

Lately I noticed many articles talking about the importance of private sector for economic growth.

This is a big step in the right direction.

 

Go private sector 

Go development 

Go economic growth 

Go Rv

Go $1:1

[DinarThug]

Private sector and economic performance

Saturday 25 May

 

Yasser Al Metwally

 

In an article last Sunday, we talked about the size of the private sector and its value as complete in terms of number, weight and content, and we said that the talk is the rest. In an article today, I will address another important topic of relevance by answering the question: What is the size of the impact of the private sector in economicperformance? 
Perhaps one of the drawbacks to the Iraqi private sector is that its counterparts in a number of brotherly and friendly countries are an intermediary sector that is not effective due to the behavior of the hooligans on the sector, and it is known that any imbalance leading to the tangle of the sector creates this emergency.

The prestigious private sector in some developed countries when it wants to invest is looking for a strategic partner who has the ability to achieve the success of investment and be a guarantor in that country, while surprised by the low offers by this exile is a pledge to mediate them by facilitating their work on the pretext of their relations with officials and their impact by providing all their requirements and All of them without bothering for a commission on the pretext of their knowledge of the Minister or influential influential bodies, which reduces the value of the private sector, even if some companies and certainly companies failed failed to scale required and inefficient to this bad offer.

I refer to this negative phenomenon transparently, but you agree with me that such behavior weakens confidence in the private sector as a partner and contributes to the dissemination of the phenomenon and considered a title "prevalent". Therefore, there is no implication for the private sector in economic performance, especially in attracting international investments to rebuild the country and develop its economy.

This emergency phenomenon should not discourage the real private sector from trying to erase this blurry image and improve its image in front of its private sector. But how?

It is time for the institutions of economic affairs to heal, both organizational and scientific, to establish a higher council for a real private sector that represents Iraq at the best representation at all foreign and local levels, and is able to play a prominent role in the extent of its impact on economic performance. Prior to this Council, there must be accurate and decisive procedures to review many of these institutions and structure, which allows the selection of efficient elements in the representation of their sectors and have the ability and expertise to play this developmental role. A task that is not easy but achievable, and a return in a third and final article next Sunday, which will present the most important challenges facing the private sector and impede the performance of its developmental role to develop the economy of the country.

As I am aware that one of my most important interest in economic affairs, as an observer, is to correct the performance of the private sector and support its orientations.
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