Iraqi economic relations

Iraqi economic relations

Wednesday 03 March 2021 5




Dr. Mustafa Kamel Rashid



Economic theory recognizes the existence of two types of economic relations, the first type is known as productive economic relations, and the other type is known as reciprocal economic relations, and that the first type is more important than the second, even if the second type is complementary to the movement of the first type. As economic interests, work destinations, and legislative priorities are determined by labor laws and the business environment, on the basis of orientation and planning to establish stable packages of economic and productive domestic relations, with the support of the international environment, the international community and relevant organizations. The country's economy determines the features of these economic relations, to draw the shape of the business environment and the quality of the economic activities invested.

Productive economic relations include the creation of goods and services, which in turn constitute total domestic production, which is necessary to secure national income for families and local institutions, general revenues, and to face the various problems of the economy.

Confronting the problem of unemployment, poverty, deprivation, and others.

Therefore, the visions of economic policymakers focus on researching mechanisms that deepen these relationships and raise their efficiency locally, in order to maximize domestic returns and surpluses. By extending the roots of joint cooperation with the foreign partner, to ensure the desired goal. And it enhances the existing work environment and urges it with the requirements of stability and the ability to attract the attention of others, in order to invest in specific directions that work to raise the quality of economic and productive relations. From here, the added value arises and increases its extent through the other type of reciprocal economic relations, or what is known as distributive economic relations, which undertakes the task of spreading these goods and services in the folds of the local and international economy, in order to acquire the permeable, competitive and global characteristics of local production.

In a world in which the forms of economic relations have become complicated, long-term agreements and a global climate is heading in a light color, the Iraqi economy is still betting on the continued dominance of crude oil in the local food basket. And if any fluctuation in oil production, its price, or both, the alarm will knock on the door of the poor with more hunger and pain.

The economic relations prevailing now in the Iraqi economy are the second type of imported goods and services, even not locally made, which means that there is no share of any added value that stimulates the economy and revives productive activities, as the reciprocal economic relations include nothing but the transfer of goods from one place to another, which means transfer of wealth From one place to another, without this process being accompanied by any creation of new wealth or capital accumulation.


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