Iraq and regional economies
08/9/2018 12:00 am
Many countries have been subjected to international embargoes at various levels, some of them for ideological reasons (Cuba and North Korea), and those who have been exposed to an over-confidence crisis in global economies through openness such as the Asian Tigers of the 1990s or Egypt in the policy of openness after 1973.
However, we can see that the reactions of those trapped for national reasons were different. Some countries resisted because their systems were centralized (Cuba and North Korea), but the result of the siege in general ranged from negative to positive, depending on the elites that led their country's economy and finances to make it harmful.
Malaysia or Singapore, despite not being subjected to the blockade, which drives national unity and the economic or political elites of the elites, has emerged from the circle of subordination that comes from the indiscriminate commercial port and the bubble of urbanization that feeds it.
Tourism or oil revenues are seen in the Gulf or Turkey, Services at the expense of the sustainable development of their countries.
Sanctions against Turkey and Iran, and we watch them try to get out of the hegemony of the dollar, which constitutes 83 percent of the international monetary circulation to go to international currencies (euros or yuan) but this process seems no longer decisive in the short term because the Turkish economy in its historical leap was Relying entirely on foreign investment as investors now have 75 percent of the capital invested 65 percent of foreign banks directed most of the money to real estate development and production of raw materials in what is known as the economy of collection and this policy of liberal open and this is contrary to the Malaysian experience, which refused to Led its economy through the International Monetary Fund's (IMF) policies, where the Asian tigers benefited from the bite of collapse in the 1990s as a result of openness Full.
There are real estate development tourism of foreign companies dominant in the service of the third sector amid the neglect of industry and agriculture is clearly similar to the Turkish experience, as it prevents the indiscriminate importation of the advancement of industry and agriculture, and this is a dilemma for both The center and Kurdistan are limited by a strategy that promotes the productive sectors (agriculture and industry).
The third sector is the service in their service, which is the natural place in all independent successful experiments. It is not reasonable that the share of industry and agriculture is 9% And to the country with all its natural resources And humanity.