American Official : economic policy mistakes detrimental to Iraq
The Defense Ministry official said Sunday that American mistakes of the years of economic policy after the fall of Saddam Hussein left unemployed young Iraqis easy targets for recruitment by Al Qaeda and other insurgents
Added Paul Brinkley, Deputy Under-Secretary of Defense for business development in Iraq that we have to revive the industrial base destroyed in Iraq to reduce the levels of unemployment of around 60% and help national reconciliation.
. He added that the political stability and economic and social would be much easier if the factories that stopped many of them since 2003 to win even a small part of the trade conducted by the United States annually, with economies such as China, India, Indonesia and Thailand.
." He said Brinkley told Reuters in an interview, "If we could just make some of that working in Iraq would raise the level of life of every Iraqi will find one of the Al Qaeda recruiterHe added that the top economic planners have committed wrong concept assuming that a free market will quickly to replace what he described as "government of thieves" in Saddam's era and create job opportunities absorb labor force entirelyThis assumption led to a series of wrong decisions "sown the seeds of economic malaise and ignited sympathy with the insurgency" after the collapse of industrial production and imports flowed to replace locally manufactured goodsHe said Brinkley, who chairs a working group format late 2006 and works closely with the American army in Iraq that the problem of unemployment size located in Iraq would cause disruption in any StateHe also added that "the task of national reconciliation will certainly easier when people traded with each other."
. The working group led by Brinkley currently assessing factories along the industrial base in Iraq from textiles to the petrochemical industries, agricultural engineering, and the search for the most suitable candidates for the granting of micro-financing.
. Among the 65 factories values Brinkley team received only nine factories funds already allocated 50 million dollars this year, the American Congress for an industrial recoveryوقاHe said Brinkley, who chairs a working group format late 2006 and works closely with the American army in Iraq that the problem of unemployment size located in Iraq would cause disruption in any StateHe said Undersecretary of the Iraqi minister of industry, Sami Al-Araji that his ministry is working on a plan to develop a small number of products such as textiles Iraqi Alpes] Latt men in major American stores by Thanksgiving or Christmas this year.
. He added in a press conference that initially will be modest and could be seen as a public relations campaign. http://64.233.179.104/translate_c?hl...m/economy.html
American Official : economic policy mistakes detrimental to Iraq
