Iraqi Economy Suffers from Lack of Trained Managers

The Iraqi economy is suffering due to a lack of properly trained managers, an Iraqi business leader said on Monday.

The head of the Iraqi businessmen federation in Basra, Sabih Habib al-Hashemi, told AKnews that the management situation means that Iraq’s resources are not being properly exploited.

“Most of the economic issues in the country are due to institutions and committees being managed by unspecialized people and this has negatively affected the Iraqi economy,” he said.

“Iraq took positive steps by opening the doors to the private sector, but unfortunately these steps were accompanied by a number of drawbacks, notably poor management and this allowed the entrance of many the unspecialized people.”

Despite this lack of local expertise, Iraq has taken steps to restict the numbers of foreign workers who can enter the country.

(Source: AKnews)

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2 Responses to Iraqi Economy Suffers from Lack of Trained Managers

  1. […] its head once again when the leader of the business federation in Basra, Sabih Habib al-Hashemi, criticised the lack of skilled managers in the country:“Most of the economic issues in the country are due to institutions and committees being managed […]

  2. Haider July 10, 2011 at 1:38 am #

    There is also a lack of skilled and unskilled labour and not just skilled management. Problem is Iraqis don’t want to work as labourers and neither do they want foreign labourers because they feel local unemployment is high. So it’s a vicious circle and with no immediate solution in sight. There needs to be a serious effort at helping the Iraqi people correct this problem which is one of the legacies of the previous regime. This will require a generation or two to reap the rewards once the process is started. The question is when or better still, will such a process ever start?

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  1. Iraq Needs to Focus on Results | Iraq Business News - July 6, 2011

    […] its head once again when the leader of the business federation in Basra, Sabih Habib al-Hashemi, criticised the lack of skilled managers in the country:“Most of the economic issues in the country are due to institutions and committees being managed […]