Modern trends of partnership between the public and private sectors – the experiences of selected countries with the possibility of benefiting from them in Iraq

Submitted By

Hassan Abdel-Amir Hassan Al-Saadi

To The Council of the College of Administration and Economics, University of Karbala, Which Is Part of the Requirements for obtaining a master’s degree in economic sciences

Supervised By

Asst.pro.dr. Sultan jasem sultan

Abstract

Partnership is a long-term contractual method based on employing the material, human, organizational and knowledge capabilities of the public and private sectors to establish projects and provide the best services at the lowest cost and the highest quality and then achieve economic goals.The relationship between the public and private sectors has received great attention and occupies the utmost importance among economists and researchers, as experiences indicate that these partnerships have achieved positive results for the economies of countries.

The research tried to identify the recent trends in the field of partnership between the public and private sectors in Egypt and Saudi Arabia, with the possibility of benefiting from them in Iraq, especially since Saudi Arabia and Egypt are economies somewhat similar to the economy of Iraq. The Egyptian economy is similar to Iraq’s political, social and economic conditions.

The research reached a number of conclusions, perhaps the most prominent of which is that the partnership between the public and private sectors provides an important way to increase the volume of investments through the entry of the private sector in the implementation of projects, in addition to being an important tool in providing financial resources for the implementation of infrastructure projects and strategic projects and providing the best services at the lowest costs. The sample countries have given an important role to the partnership between the public and private sectors to advance their economies through the enactment of legislation and regulations, setting controls and creating an appropriate environment for partnership, while Iraq is still suffering from weak legislation and regulations regulating the work of the partnership, as well as the delay in approving the partnership law, which reflected negatively on Iraqi economy.

Accordingly, the research recommends that Iraq should benefit from the experiences of the sample countries and give way to the private sector in order to contribute to the development of the Iraqi economy and increase its contribution to the gross domestic product, and the need to approve the partnership law in order to attract discreet international companies and establish partnerships with them. The research also recommends the need to make partnership an entrance Essential and a major option for achieving economic reform and a gradual transition towards a diversified economy that does not depend on oil only.