Adopting effective processors reduces unemployment rates

7/1/2018

Baghdad / Emad Al-Amara
The adoption of the comprehensive approach of the previous economic policies led to the economic decline and the deprivation of a large percentage of the labor force from its opportunities since the beginning of the nineties of the last century, which exacerbated the problem of unemployment which has become one of the challenges that can be overcome - according to specialists - a set of solutions commensurate with the new economic situation Of the country.


And between the academic economist d. Amr Hisham said in an interview with Al-Sabah that "the challenges of the unemployment problem can be overcome by adopting measures and adopting new economic policies that can reduce unemployment and rid the Iraqi society of its economic and social repercussions."

This is by "organizing labor supply and providing a statistical database on The size, structure and structure of unemployment. "


Structuring the economic sectors
He added that "the treatments will also be through the restructuring of economic sectors in accordance with a program that will be implemented in the implementation of more flexible financial policies that help stimulate economic sectors and balance the allocation of resources."

"Among the proposed solutions to reduce unemployment is to support and encourage the agricultural sector vital to the economy of the country, given the wide employment opportunities and widespread to more than a third of the local workforce, coupled with the adoption of balanced fiscal and monetary policies by reducing the operational expenses for the investment platform , Especially after the improvement of security. "


Encouraging the private sector
He pointed out "the importance of encouraging the private sector to take its primary role in the development process so that it can re-invest its migratory funds and find jobs capable of absorbing the surplus labor force in view of the ability of this sector to accelerate the realization of large and widespread investments in all governorates.

" In the recruitment of local manpower in foreign investments, by giving some facilities and tax exemptions for foreign investments that employ the national workforce.

For his part, the academic Dr. Ahmed Omar al-Rawi, in an interview with "Sabah" causes the spread of the problem of unemployment, saying that "the totalitarian approach has lost all the elements of economic efficiency and competitiveness of production, which turned the Iraqi economy into a rental economy depends on oil revenues, causing the decline of productive sectors in their capacity To absorb the labor force.
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Implications of holistic approach
"The comprehensive approach adopted before 2003 led to the control of the public sector over all major economic activities.

In the 1960s, the state nationalized most of the large private sector projects, which led to the marginalization of this sector and its inability to create an economic structure that would help achieve A balance in the labor market and central economic policies have led to weak economic growth. "

"This economy has been making modest strides and has not been able to absorb the labor force into the labor market.

Central economic policies have also led to a lack of confidence in the private sector to make significant investments through which jobs can be created, causing national capital to escape Iraq."


Dumping the local market
"The great openness of imported goods, especially from neighboring countries, has led to the dumping of the local market, causing an unequal competitive situation for the national product, which led to the suspension of most economic activities and prevented the activation of the economy to find jobs and absorb unemployment.

" Administrative and financial corruption led to the depletion of most of the financial resources through which it was possible to rebuild the Iraqi economy and restore the infrastructure destroyed by wars and provide jobs.


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