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Despite political changes Economic reforms are incomplete
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Translated by IRAQdirectory.com - [8/26/2007]
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An economic expert said that the political change in Iraq was accompanied by a change in principle of Iraq's economic vision, but details of the economic reforms are not yet complete. He noted that community involvement in the formulation of economic policy requires a democratic approach be followed by the State, involving concerted efforts of the concerned community of civil society organizations, university professors, the private sector, economic specialists and others in drafting of an economic vision.
Manaf Al-Saiyigh, expert at the Iraqi Center for Economic Reform, added that in the absence of this interaction between society and government any policy will suffer from a lack of understanding in society, and could lead to opposition and rejection. Perhaps the policy of rationalizing oil prices is the clearest example of this; in spite of its correct basis it remained misunderstood and did not receive required support and acceptance. There is no doubt that the State was often too embarrassed to follow the adjustment policy.
Al-Saiyigh noted the existence of other policies with significant economic impacts such as privatization, reform of governmental supports, and implementation of the investment law, which doubtless will arouse strong reactions.
In practice, he said, "The visible evidences of community participation in the formulation of economic policies are symposia, conferences and articles. As lead economics organization, the Iraqi Center for Economic Reform regulates research on economic issues."
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