Privatization between the necessities of execution and challenges


Privatization means transferring the ownership of public sector to the level ofindividuals or that of companies and establishment .The process demands an efficient administration that is achieved by welldesigned programs appropriate to the nature of the market economics . This isrequired by the current stage of the economic development in Iraq , a thing thatcan be executed through the process of privatization . the latter is an essentialelement of economic development . privatization , to be sure , is needed toreinforce the financial and technical abilities of the economic activities , rebuildestablishments , modernize the methods of their work , improve the average ofproduction and combat inflation and unemployment . these important matters ,if realized , would set the development process at its best and verify thesustainable development .