Alrai - Today at the Yarmouk University, the Yarmouk Forum for Jordanian Studies was known today as one of the projects of the Queen Rania Center for Studies and Community Service at the University.

The Vice-President of the University, Dr. Fawaz Abdel Haq, stressed during the opening that the establishment of the forum comes to activate the university's role in serving the country and contributing to building its future, so that the forum will be a national reference in the Jordanian affairs in all its aspects for researchers, intellectuals, intellectuals, policy makers and decision-makers in the Jordanian state.

The director of the Queen Rania Center for Jordanian Studies and Community Service, Dr. Hisham Masadeh, said that the establishment of the forum aims to understand the Jordanian reality, analyze it, study it, provide solutions to its problems and challenges, support the Jordanian decision-maker by following up and studying emerging and urgent issues and opening formal channels to communicate with the concerned authorities to provide them with results and recommendations, And studying the strategic issues and topics related to Jordan's external relations, and shedding light on the events and the main characters influencing the Jordanian experience.

An inaugural symposium of the forum entitled "The Jordanian Economy, Where? The Path, Reality and Aspirations" was discussed, in which Dr. Muhammad Adenat, former Minister of Public Sector Development, Dr. Tayseer Smadi, former Minister of Planning, and Dr. Riyadh Al-Momani from the Faculty of Economics and Sciences at Yarmouk University, moderated by Dr. Qasim Al-Hammouri, Dean of Graduate Studies and Scientific Research.

Adainat presented the features of the Jordanian economy, indicating that Jordan is positively affected by the surrounding events, so the cases of significant economic growth in Jordan were the result of external factors in the surrounding countries, noting that the rate of economic growth in light of the oil crisis in 1979 reached 20%, and after the end of the crisis and a low price Petroleum The growth rate reached only 3-4% despite the existence of strategic plans for economic growth, and the real economic growth rate in light of the Kuwait crisis in 1992 reached 12%, pointing out that economic growth in Jordan also witnessed great strides in light of the Iraqi crisis in the years 2004-2006, where the growth rate exceeded 8% B of 2003, which did not exceed the growth rate and then 3%.

He pointed out that the Jordanian economy before 1950 was dependent on the private sector, not the public, until the Jordanian government began adopting the methodology of planning for development, and Jordan began to shift to the role of the public sector in supporting the national economic growth, which he performed at that time until 1996 when the science of Public administration and the world began to privatize companies with the aim of raising efficiency, effectiveness, quality of service and competitiveness, but Jordan applied the experience in an incomplete manner. When privatizing companies, the state has to put in place a good corporate governance system in order to ensure principles of transparency and accountability for the work of these companies and to achieve the desired goals of the process of Privatization, stressing that, in light of the difficult economic situation that Jordan is going through, the government must implement administrative reform as a lever for economic reform, explaining that the central bank in Jordan enjoys a high degree of institutionalization, but it has problems in general economic policies and it must review the economic policies followed, especially And that the Jordanian economy suffers from a lack of demand, pointing to the poor financial government policy, as government spending in the event of increased economic growth, increases faster than the rate of growth and exaggerates government spending.

Adenat criticized the government's unjustified approach in 2008-2009 to internal borrowing despite the interest rate in subsequent years reaching 8.6%, pointing out that the government's internal borrowing amounted to 17 billion, including 5.5 billion from the Social Security Fund.

In turn, Al-Smadi talked about the three reform contracts that were applied after the economic crisis in 1988, explaining that the rate of economic growth in 1989 reached -11% as Jordan was going through a state of economic contraction, to the economy recovering in subsequent years as a result of a number of external factors that helped Jordan in Exit from that crisis, and the situation remained acceptable until 2008, which was a watershed year for the Jordanian economy in light of the global economic crisis, indicating that with a quick look at the rate of economic growth was acceptable in the years 2000-2009 at a rate of 6.5%, but the years 2010-2018 reached The growth rate is 2.5%, which means that we have taken a regressive path A in the rate of economic growth, and the increase in unemployment rates, which now reached 19%.

He stressed that improving the economic situation in Jordan will be by improving the economic development as a whole, of which economic growth is part of it. An expansionary fiscal policy must be followed and the tax burden reduced, although it will negatively affect the short term, but it will ensure the movement of the national economy and improve the economic situation of the country in the long run, especially With the great failure of the deflationary policies adopted by the government, explaining that the trade deficit in Jordan is a chronic deficit, and we must implement political and institutional reforms in a manner that is equivalent to economic reform, separating the authorities so that each authority can play its role efficiently and with integrity, and strengthening the mechanisms of abuse. Questions and fight corruption.

For his part, Al-Momani considered that the procedures of the International Monetary Fund applied by the government are analgesic tools and are not strategic and will not contribute to solving the economic problem in Jordan, explaining that the economic situation requires a reconsideration of the principles of the Jordanian economy, as the economic policies in Jordan are not compatible with economic concepts and theories, The Jordanian government should improve its relations with countries that may support the national economy, especially since economic reforms reflect failed government economic policies, pointing out that continuing with the same approach will not benefit and will not allow to face the huge challenges facing the economy. Jordanian, noting that many countries have greater difficulties and challenges than Jordan is facing, but thanks to good management of resources and appropriate economic policies, it succeeded in reviving its economy.

He added, "The government should adopt reform of the public sector, restructure the internal structure of the sector, legalize expenditures, and reduce unjustified privileges granted to ministers and representatives, in addition to reconsidering independent bodies, hold corrupt people accountable and recover the stolen money. Jordan is a country that is not without resources but whose resources are stolen and revitalized." Exports, restricting imports, reviewing their composition, conducting a real serious study on the exchange rate of the Jordanian dinar, and stimulating investment in sectors that support economic growth in Jordan.

×