The Private Sector and Its Role In Addressing The Structural Imbalances In The Iraqi Economy and The Potential Development Effects For The Period (2004-2030)
Keywords:Private sector, economic progress, financial crises, terrorist attacks, and political instability
The private sector is receiving wide attention in the development processes and economic progress of countries as the focus of the economic development process because of its advantages in employment, management, and exploitation of resources, as the role of the State in economic activity has been reduced and the part of the private sector has been revitalized through support and promotion programs for private investment, the removal of restrictions on trade and openness to foreign investment. One side without paying attention to involving other economic sectors in the composition of Output. Moreover, the country is subjected to financial crises, terrorist attacks, and political instability, which has weakened and marginalized the role of the private sector in the national economy, distorted its structure, activity, and individual status, and its focus on rapid growth profit activities. Therefore, there is a need to pursue effective strategies to diversify sources of income, reform the economy's structure, and change its infrastructure towards strengthening the role of the private sector in economic life and monitoring the features of this economic imbalance.