Foreign investment, growth and economic stability policies
2016/06/14اضف Dr..Ahmed Ali Abrihi not understand the promotion of foreign investment in Iraq separate from the context of trade and financial openness or globalization designated by foreign entities Iraq 's integration into the world, and the Coalition Provisional Authority does not hide her enthusiasm to accelerate the shift towards the new specimen liberalism. From the outset the state departments have become economic and Iraqi decision on the field work of the International Monetary Fund and the World Bank and UNDP United Nations and the US Treasury and other institutions represented by Western economic policies that crystallized after the Washington Consensus in the eighties of the last century. There is a link between the payment of Iraq strongly in this direction and the sensitivity of America and other Western countries , which they call economic patriotism, has already writers and researchers from the West that have expressed uneasiness of «Oil National» in particular. This mood was reflected during the promotion of foreign investment in the oil sector campaign
Foreign trade growth is no doubt that foreign investment significant economic phenomenon in the contemporary world and its growth rate is higher than the latter is higher than the GDP growth in the world. In other words, the world economy is heading realistic towards increasing commodity integration commercial Abralanfattah, and more financial openness so that increasing the average foreign ownership of capital employed in the national economy assets with fixed or financial assets.
And go out the concept of foreign investment to both inflows and outflows in direct investment and the acquisition of shares and bonds of financial flows bank deposits and even in the possession of foreign residents in Iraq, for example, is an investment for the Iraqis in the state that issued the currency that currency. And is linked to foreign investment, the majority of people in our country to foreign direct investment allocated to any of the foreigners to participate in the establishment of resources or owning a new unit productivity. While foreign investment is much broader than direct investment and last between one fifth and one quarter of the total foreign investment in the world.
It is no exaggeration to say that the foreign investment policy in Iraq was launched from an economic approach to this activity. Because apart from the investment point of financing, foreign or national, and whether the organizer or the owner of entrepreneurial initiative Iraqi or from other countries, will be in Iraq. In other words, foreign investment policy , like any other policy must respect the principle of potential here and what is the total investment activity is possible and in what sectors. We must be aware of the terms of policy coherence between the different aspects of the investment and the rest of the elements of the national economy. Please do not rush some of the brothers of the workers in this area by saying «This talk is a theoretical» as we are accustomed to such negative attitudes of the seventies of the last century to the present day, but the principles of the process and have a well - known account rules.
And also foreign investment from the familiar policy of credible did not start about the investment decision making in the private sector mechanisms and its conclusion maximize returns and reduce risk. The returns are based on costs and prices and tax policies and subsidies, and costs related to domestic prices and production inputs and wages, and the prices known to the exchange rate and its relationship with the customs tariff. Again can policies based on these data design but also the account and painstaking effort and knowledge that do not have Nasitha only painstakingly not speak general impressions.
It Agvlth that policy that net foreign investment (inflow minus outflow) remains doomed in any case , the balance of external payments , when the economy is operating with a surplus in the balance of current payments will be net foreign investment is negative, meaning that the Iraqi authorities are investing abroad more than it invests foreign entities in Iraq. The intended balance of external payments export earnings and imports of goods and services and income transfers from. The balance of current operations in Iraq a surplus until 2014 except for the year 2009. On the other hand , the external balance of ongoing operations corresponds to savings - domestic investment balance, and thus do not receive any country in the world net foreign investment flows only when saving a minimum of domestic investment activity. And were not these Unmatched (axioms) are present in the minds of policy designers because the concerns were partial at best clone fragmentary experiences of their terms and are meant Aqahamha in a different environment.
I've dealt with some of the foreign investment studies in the broad scope from external balance of the national economy mechanisms and linked to the balance internal cross - defined real - time for both. At this stage of the research financial openness problems faced by the emerging countries in Europe, Asia and Latin America were present, especially when a sudden stop foreign bounces flows as in the Asian crisis and others. I've been reviewing the elements of the external balance of the countries of the world in groups to identify the determinants of investment flows. The book and the first detailed attention of foreign direct investment to address the international comparison data for a large sample of countries and different stages of evolution. I checked the book trade Research and Development Organization of the United Nations reports to learn about the investment and effectiveness of policies to attract. And singled out a chapter for the Iraqi experience , including oil investment contracts and policies to encourage officially approved that took the pipeline or which is still awaiting supplementary measures.
There are some points that should be clarified: the
current account and its determinants, and who has studied the balance of resources and uses and the size of the ongoing world processes and the relationship between the current account position On the one hand the deficit and surplus, economic growth and other factors. The vendor interested in oil and its impact on international reserves and savings and focused on the nature of the oil
resource. Singled financial account flows and adapt to, and focused on the cash flows adapt in the light of the economic characteristics of the host countries. And assessment of macro policies in the face of fluctuations in foreign currency is
displayed. He studied international investment position Bjanabih creditor and the debtor, and the offer of investment major financial centers of the countries and nations of high financial openness. And analyzed the relationship of the elements of the financial position of the advanced nations and rising with monetary policy tools such as interest rates. And here was the integration of financial markets at the international level and the real sector being discussed in some
detail. The development gap and the effectiveness of investment in the catching process, has been added this chapter in response to a proposal by the co - briefed on the draft before publication to strengthen the link between economic growth and foreign investment
theory. Foreign investment direct, a prime focus of the book dealt with foreign direct investment trends and determinants and sectoral dimensions, and attract investment and multinational companies policies. Quantitative analysis of foreign direct investment, and free economic
zones. Iraqi economy and opportunities for foreign investment in it, a lengthy separation see the effects of war, siege social and physical dimensions of the economic situation as it appears in 2013. And studied housing and processing services, income , and spending environment, in an introduction to the requirements and stimulate investment policies gallery. In the second part , he studied business environment in Iraq and Free Zones and Investment Law. He specialized in the third section to invest oil and service contracts, and the prospects for accommodating the international market for software Iraqi oil development and processors try to reduce the contracted peak.
The goal is not beyond trying to foreign investment and policies put within the macroeconomic framework, and display the main facts and patterns of behavior prescribed by the analysis of the facts. Research that foreign investment has shown is inseparable from the national economic environment.
Foreign investor looking for economic success benefit from investment opportunities in the attractive returns and risks of low - lying, and foreign investors have made deficit by themselves the sons of the country 's development. A study comparing the experiences of financial incentives from tax breaks and other ingredients do not compensate for the lack of normal investment activity.