Restructuring the Syrian Economy

Cenap Çakmak and Murat Ustaoğlu
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Cenap Çakmak: Eskisehir Osmangazi University
Murat Ustaoğlu: Istanbul University

Chapter 3 in Post-Conflict Syrian State and Nation Building: Economic and Political Development, 2015, pp 43-67 from Palgrave Macmillan

Abstract: Abstract It could be argued that Syria has been affected by the damages of the Arab Spring most in the region, and is not rich of oil or raw materials. Therefore, it cannot cope with the grave damages the turmoil caused. Beshar Assad introduced some reforms to deal with the growing economic problems before the war; however, these reforms are now being shelved. It is not possible to make an estimate of the economic prospects of the country after the war. However, based on past experiences in other countries, it could be argued that there will be some serious macro-economic and structural problems; to name a few, high unemployment rate, inflation and lack of foreign capital investments. Syrian opposition groups, although not offering a clearly defined economic model as a solution of their own, favor a liberal economic system which is compatible with the realities of the global world.

Keywords: Foreign Direct Investment; Monetary Policy; International Monetary Fund; Capital Stock; Private Bank (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-53885-7_4

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DOI: 10.1057/9781137538857_4

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