***** Shammari suggests cemented international economic structures

8/17/2014 0:00

Was applauded by world experts
BAGHDAD - Hussein al-Tamimi Tgb

Stressed academic and economic expert, Dr.. Sadiq Rashid al-Shammari that the importance of presence near the field of international action is necessary, noting that the friction with the effort of economic and global banking helps all the shapes on the development of human skills and the transfer of modern technology and ease of handling.

International forums

Al-Shammari said in an interview for the "morning" after participating in the conference shifts in the global economy, which was held recently in Paris cemented the importance of financial structures and economic crisis to confront global crises

He pointed to the importance of activating the Arab-European dialogue, which began at the end of the twentieth century, to reach the putting in place mechanisms to achieve economic feasibility of common economic, social, political and commercial.

He explained that this dialogue has fallen completely in light of the concerns of the world economic crises in a row that witnessed since 1996 and which occurred in the ASEAN countries, to continue this crisis and hit the American economy in the heart, resulting in the sharp fluctuations in the real value of the dollar American, which represents the basic reserves of the trading world, and pricing goods and services which, he with the spread of a global crisis, developing countries bore the brunt of these crises and the escape of capital abroad and rising borrowing costs and the collapse of world trade, lower commodity prices, and also lower remittances from expatriate workers.

Shammari pointed out that the global economy synaptic quick movement at the tip of it the United States and in the other party from countries and regional groups are trying to work together and with the developing countries in the formulation of an international system based on the meaningful participation and achieve national interests and nationalism in a balanced manner to all, hence the importance of European cooperation Arab to work together to contribute to the building of an international economic system.

Mutual trust


He pointed out that international cooperation requires increasing mutual trust between the countries of the Mediterranean and the depth of Gulf Arab states and between the countries of the European Union, led by France and Germany, and strengthen cooperation in many fields, whether economic, social, cultural, cultural, commercial, and that this economic cooperation will play a vital role in enhance market confidence, as well as maintaining financial stability and sustainability of stability in the region.

He said that the countries of the Mediterranean and the depth of the Arab Gulf countries has huge potential and could become the most important areas of global economic development in the light of the characteristics and properties available in the countries of this region and the prospects spacious for cooperation in all areas (economic, commercial, financial, cultural) From this perspective should coordinate policies macroeconomic, whether individually or through a combination of more than one policy together in that one, and it relates to the fiscal policy and on the subject of taxes and customs in goods (exports and imports), as well as in foreign trade policies affecting the exchange rates in trade in the way of indirectly policies and special access to wage employment and the exchange of experiences, such as development and reform and expand the conventions and push the liberalization of trade and investment.

  He said the conferences deepen economic and trade ties and cultural at various levels, as well as strengthening financial and economic cooperation and promote the development of the Mediterranean countries and the depth of the Arab Gulf States in the global economy.

The face of crises

He noted that the financial structures and economic crisis must be repaired completely in the face of financial crises and economic crisis by calling for countries to richer countries directing a certain percentage of revenues for the operations of the fiscal stimulus and economic to help poor countries and developing countries, and this will certainly close the large gap between high-income countries and poor countries, and improve the environment social and civilizational, cultural and economic to these countries, considering that all science is humane and it requires more attention in the coverage of the various segments of society the fruits of development.



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