If you have the rule of law, then you're going to get investment in factories. You have to assure or give a sense of assurance to investors in direct investments that they will be fairly treated and that their property rights are respected.

They're doing a nice dance around the question of private investment.

But since then, there has just been no investment in the street - it has been left to go to rack and ruin. Rose Street has become a poor sister. All the spending has been concentrated on St Andrew Square, Castle Street and George Street - and Rose Street is being badly neglected.

You can't attract capital investment from outside Iraq unless you have a constitution... get rule of law in place, capital will come, electricity will follow,

You can't attract capital investment from outside Iraq unless you have a constitution in place, a rule of law and a defined system that can guarantee property rights,

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.