Where are Iraq and Kurdistan from the International Economic Equation coronavirus "Covid19."
Assist. Prof.Dr. Ali Shawkat Ahmed
Department of Accounting
Cihan University-Erbil
The United States, along with European countries and Russia, spends billions of dollars on producing and developing deadly weapons. The UK maintains more than 300 nuclear warheads as well as France. Italy has the fifth largest air fleet among NATO countries and the rest of the European Union. These military armament programs have enormous budgets that exceed thousands of times the budgets allocated to other humanitarian needs.
The world was surprised that the cost of producing 20 respirators was significantly less than the cost of building a single Stinger missile produced by the United States. In the Corona epidemic that the world has gone through today, we have seen how the American citizen is asking the government to secure these devices in hospitals to face the deadly disease. People die in Italy and the UK, as is the case in Germany and other European Union countries, and citizens flock to shopping centres to secure the daily sustenance, while they are in isolation from the Coronavirus, which led to something like a collapse in the business markets and money exchanges. The number of deaths continues increases every day, and failures occur in all economic activities, which confirms the inability of global health systems to cope with the disease.
The question now is why did the developed countries choose this trend and at the expense of this structure, which proved
ineffectiveness in managing major and severe crises of this kind?
The answer is that, since the Second World War, the United States and European countries adopted the economic equation that shows the power and control of the economies of the developing countries and sharing of their wealth is more feasible than spending
on health care even if this costs the lives of people.
Now, the fundamental question for us is, at the level of developing countries including Iraq and the Kurdistan Region, in particular, is: Where do we fall from this equation in the field of facing the threat of the Corona epidemic?
To answer this question, we should take a quick look at the reality surrounding developing countries:
1. Developing countries, in general, are dominated by the political variable over the economic variable. Thus they waste their financial resources in favour of the policies that result in the interests of developed countries. Thus, most of the economies of developing countries are dominated by large multinational companies. Therefore their economies are linked in one way or another with the economics of developed countries, whether by direct domination or by force.
2. Developing countries, in general, are governed by economic, administrative and financial corruption. Consequently, their wealth is not spent in the fields that their society's needs, foremost of which is education and health.
3. The infrastructure in developing countries is often dilapidated, and excellent investment has not occurred. If some development has taken place, it has been carried out in cooperation with developed countries that exploit this to attract expertise and resources, especially the talented and distinguished in the health field.
Accordingly, all indicators indicate that developing countries are the biggest losers in the equation. In addition to the reasons mentioned, there are other reasons related to the degree of the scientific, cultural and intellectual development of its components. In Iraq, despite the severity of the health crisis
is going through and the worsening of
Corona crisis that portends a great danger, intellectual retardation prevails among a significant component of society, where they believe that treatment of all diseases depends on carrying out some religious practices.
So how can we get out of the bottleneck? Will we be able to get out of the Corona pandemic crisis with the least possible losses?
Briefly, this depends on a set of rules, foremost of which are:
1. Currently, full commitment to the directions of local health agencies; perhaps the Kurdistan Region, as the media appears, stands in the forefront in terms of the degree of awareness of the seriousness of this disease.
.2 A comprehensive review of the status of health and medical institutions, the reality of infrastructures and their needs, away from political debates, handing the matter over to specialists and providing the necessary supplies to face possible future dangers.
.3 Regular review of the annual budget in a manner that ensures implementation of the above and adopts the utmost transparency in this matter.
4. Maintaining local health expertise and providing all forms of support in different circumstances, especially after many of them have demonstrated a high capacity exceeds that of developed countries, since facing the difficult situation requires the prior preparation of this