South Korea and the experience of the Iraqi economy
23/07/2013 12:00 AM
Baghdad morning
called on interested in economic affairs to quote South Korean experience and economically applied in Iraq because the country has the elements of the most important economic wealth in natural resources which is characterized by diversity, stressing that it is properly exploited because of the absence of the general economic strategy which consequently led to the survival of the Iraqi economy depends on the behind Import everything with neglect and clear for industry and agriculture and mining. while South Korea is characterized by its territory as mountainous and exposed to corrosion and erosion due to deforestation during World War II and an arable land proportion of 19 percent of the total land area while occupies forests 65 percent of the area which of (99 274 square kilometers). This is a country of poor countries in natural resources. Has undergone the country to احتلالين Japan and then the U.S. and the establishment of the Korean War in 1950 - 1953 which destroyed its economy and its industry. researcher said Adel Abdul-Zahra Shabib told (morning): The Korean experience can be replicated and applied in Iraq because the political circumstances and the wars that passed by that state similar to the over Iraq. The needs of the Iraqi economy today to benefit from the Korean experience, not a literal application of her, but according to our circumstances. since remained our economy unilaterally dependent entirely dependent on the export of crude oil without costing the same manufactured and turn it into oil products meet the needs of the local market and for export. explained that the purpose of benefit from the Korean experience in economic development, it should be on Iraq to diversify sources of national income and lack of dependence on oil as the sole source of income, and benefit from the financial returns big oil in the establishment of industrial projects and various agricultural. in addition to seeking to convert crude oil into petroleum products to meet the local need For the purposes of export. And improve the production of electric power and work to resolve the standoff radical solution. Referring to the need to support existing industries belonging to the private sector and the abolition of all debts his trust from previous years and taking into account the circumstances experienced by. said researcher to the need to reduce interest rates for loans, industrial and agricultural.And strengthening marketing activities and attention to the training of personnel and raise their technical competence. The five-year plans and decimals and long-term economic development - social. In addition to supporting the multilateral trading system and open.Among Shabib importance of canceling laws and regulations inherited that are inconsistent with our development of economic, taking into account the protection of Iraqi products to compete with foreign goods entering Iraq without restrictions. said researcher Korean experience was referring to enthuse the leadership of the country and its president in 1961 to build a strong and sophisticated and the alliance with men business, investors and interest-based industries and developing them, in addition to expansion in the commercial capital and then turn it into industrial investments. And fiscal policy in the interest of industrial companies Chairperson. and the establishment of trade promotion Korea in 1962 and known as the (KOTRA) for the purpose of expansion of Korean products abroad, and the establishment of Export-Import Bank to provide financing for exports of Korean. between Shabib that this policy has led During the period of the sixties to the growth of Korean exports to reach values up to $ 41 million in 1960 and increased to 1,048 billion dollars in 1970. During the period between 1972 to 1976 have been initiated to implement the plan third five-year economic development for the advancement of industry, steel and petrochemicals, shipbuilding and manufacturing machinery and equipment, metal industry non-ferrous metal and electrical appliances. He has adopted the state policy of indirect support through the promotion of exports and direct support to some industrial sectors manufacturing is chosen thoughtfully, as has been the establishment of 13 industrial complex. continued As for the increase in the value of exports was through the promotion of export goods of high quality with the promotion of industries that produce the pieces and parts Add to strengthen marketing activities as well as the trend towards the establishment of commercial companies public and set a goal to achieve more than a million dollars in exports and the establishment of more than 10 overseas branches, as adopted incentives in the policy by lowering interest rates and support the activities of ads abroad and develop new markets and the provision of information, technology and training employees. continued have resulted in policy Korean exceeded the surplus in the balance of payments, which amounted to $ 11 billion in 1988 and opened up trade for most countries, making it because occupies ranked tenth in the world trade. sought South Korea to develop its industry light and heavy For the purposes of export, which is the key to expansion Industrial and today occupies South Korea advanced mattress in the shipbuilding industry and synthetic fabric, cars and digital appliances, steel and petrochemicals Korea has succeeded in diversifying export markets which had an impact in the stimulus to increase production to meet overseas demand. Korea began to reduce its imports of consumer goods After that they constitute 24.1 percent of total imports in 1962, this percentage dropped to 9.8 percent in 1986 due to the growing Korean production of consumer goods for the domestic market. Korean policy has included reducing government intervention in the economy and the privatization of commercial banks and work to cancel a number of laws and regulations impeding the economic activity and to seek regional balance and provide a basic system of social welfare. | |
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