The future of the Iraqi economy in the digital age

Appearance of Mohammed Saleh *

The World Economic Forum in the Dead Sea held its conference during the period 19-21 May 2017 under the theme of Empowering Generations for the Future. Discussions focused on the issue of the employment of youth forces in the digital age or the current technological revolution. (Especially young nations with about 60 percent of the total labor force) because of the functioning of the principle of a small e-government active, so the opportunities for employment is to reach the so-called system The ECO system: the accelerated interrelationship of all the gifted energies of young people and entrepreneurial capacities supported by the innovations of the digital age to form productive and beneficiary workstations in one, through dynamic managerial behavioral phenomena (a term of "radical change" On innovation and talent to generate new products and new markets that are all the basis of the ecosystem of small and medium-sized digital enterprises.

The role of the state will remain the main provider of infrastructure (physical and legal), facilitating business and simplifying procedures, while emphasizing the principle of the establishment of a state-owned enterprise, Partnership and interaction between the State and the market.

Important economic theory issues were raised in the concept of digital market equilibrium. For example, the Marshall Law in Supply and Demand (to determine equilibrium prices) has taken a new concept in the digital market balance.

Digital equilibrium prices represent the equivalent of demand with supply. The presentation here represents the containment of all problems, including infrastructural problems, government bureaucracy, etc., and minimizing them through simplification of procedures and transparency of regulatory regulations.

Thus, the summary of the ideas brought by the ecosystem is the main exit of the operating system and the face of unemployment through the intensity of the new product, which facilitates the growth of such digital tools and information capabilities, both in the establishment of business incubators Uchid system of low-cost residential units or the use of solar energy or modern technologies In agriculture or the use of artificial intelligence, ie through the establishment of small, medium and interrelated production units that operate on a unified digital base in the exchange of information, all of which constitute the optimal ecosystem which will be an effective force for the basic operation of the human force Young Ria.

It should be noted that Iraq is in dire need of an effective step to bring together the leading SMEs to form the nucleus of an ecosystem that has internal or international funding, whether from international financing agencies, the Central Bank lending project or others, to achieve the digital age and its advantages in operating the youth workforce and generating products. Based on a soft database for each product group.

For example, the Arab world currently spends more than $ 1.2 billion annually on translation, an opportunity to set up modern digital translation units as a component of the ecosystem and many examples.

The first is to start a system of leading youth companies (SME, s) in different fields such as agriculture, construction and production branches with digital innovations exclusively in coordination between the relevant ministries such as higher education, youth, sports, labor, social affairs and planning, as well as the bank And to benefit from its extensive experience in this regard.

And the other: to create the necessary means to encourage the establishment of small companies for innovative products and the creation of new national markets in the name of the leading companies for young people and integrated into a single system that operates on the basis of information and data efficient, reaching the real digital economy, which means the use of Internet networks to facilitate the work of the community exchange and contractual, The principle of the availability of digital justice (ie, making Internet use available to all without distinguishing or limiting it to specific societal groups).


Chief Financial Advisor to the Prime Minister

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