Public-private partnership promotes economy



5/15/2016 0:00

BAGHDAD Shokran Fatlawi
called academic d. Falah Khalaf al - Rubaie , the need to activate the role of the private sector and create a favorable investment business environment, and an end to the monopoly of the public sector for economic activity and rebuild the role of the private development sector to be integral with the public sector, being a cornerstone of the pillars of any advocacy of economic reform and any strategy for economic development.

He said in a interview for «morning» that activating the partnership between the public and private sectors require the existence of an economic vision based on a thorough understanding of the needs of the national economy , current and future, particularly the structural transformation of reducing the oil sector 's contribution to gross domestic product, as well as to raise the contribution of gross non - oil through the activation of the role of the private sector in productive activity.

He noted that the wording of the roles and distribute between the public and private sector in Iraq linked to the dominance of the state of the resource - oil economic surplus, the imposition of a reality devoted to the dominance of the public sector and the removal of the private sector or neutralize all economic activity and the sources of accumulation and multiple potential to achieve growth.

Rubaie pointed to the emphasis on the redistribution of roles between the public and private sector importance, especially after the failed public sector to lead the development process of its own, and the growing conviction of the importance of the active participation of the private sector in investment and production and operation
and hinted that this trend was among the main reasons that led to the case of waste and misappropriation of human and material productive resources and directed towards quite far from development, especially during the extreme centralization period and the dominance of the public sector in the period between the tracks (1964-2003), pointing out that he and the other hand, the period (2003-2013) led to chaos in the management of the economy and the worsening economic crisis and structural and institutional imbalances.


Rubaie urged on the need to confront the challenges facing the partnership between the public and private sectors, and the associated loss of the case required to implement the long - term and aimed at correcting imbalances and diversify the economy and promote the role of the private sector and activating the partnership process between the two sectors strategies strategic stability by shifting the burden to the development of the private sector and to create the right investment climate to facilitate the task of the private sector in the quest for performance development role desired.



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