Privatization and problematic transition towards a market economy in Iraq | ||
| magazine of college Administration&Economics for economic &administration & financial studies | ||
| Article 1, Volume 412, Issue 6, December 2012, Pages 381-412 | ||
| Abstract | ||
| Privatization is one of the important means of activating the role of market forces in the management and direction of factors State-run production to the state shift from the public sector to the private Tha, with a view to A greater role for the sector in the possibility of obtaining high rates of profits and increase Government Eradadt and tackle inflation, as well as its dependence on economic concepts in activating Market forces to determine the price system, which is an effective way to achieve production efficiencies under Full competition conditions and achieve a state of consumer sovereignty, as the shift to the private sector Is the basic mechanism of the shift towards a market economy as well as the main strategy to prepare re- Restructuring in government projects and transferred to the private sector. After three decades of state control and the public sector on the various joints of the Iraqi economy And compete with the growing private sector, on the basis of economic and social goals imposed multiple Circumstances after the liberation and obtaining its independence, but the decline in the level of performance and efficiency Economic sector projects and the impact on economic growth and the emergence of imbalances in the economy National, which is the most important manifestations, the public budgets deficit, current account deficit and low Precautions, high unemployment and increasing its size, and the high inflation rate, high indebtedness Foreign Affairs, and the deterioration of the economic and social conditions that sustained by Iraq because of the practice of The former regime, in addition to the economic blockade, which spanned more than a decade, all these Circumstances led to the call for correction and restructuring and the transition to a market economy. Where invitations appeared after 2003 about the need for privatization of public enterprises State-owned and numbering (192) government projects which employ almost half Million Iraqis as one of the economic reform policies needed to achieve development and Emerged in the development part of a strategic shift from dictatorship to form the Liberal model based The market mechanism and economic freedom, but these companies and government institutions subjected Mazha to sabotage and looting in addition to the political chaos that engulfed The country and the lack of a clear economic vision features and objectives, and the deterioration of the security situation, All these circumstances combined and the resultant economic and social imbalances variety referred Without privatization of the public sector and abandon the role of the state in managing economic activity and transformation Toward a market economy | ||
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