Economic reforms in Syrian Arab Republic

Economic reforms in Syrian Arab Republic

According to the IMF, the imbalances in the economies of Arab countries are basically the result of inappropriate economic and social policies because these policies restricted private initiative and narrowed opportunities before the private sector. These policies furthered foreign investment away from national economy, they gave a free hand to the public sector which stepped into incompatible areas, they isolated national economy from international capitalist economy by interfering in fixing prices and wages, raising projectionist measures in favour of domestic industries in the face of foreign competition, spreading the umbrella of social protection over a wide sector of the people by subsidization, social insurance, profit sharing, thus undermining the incentive to work and produce.

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Economic reforms in Syrian Arab Republic

Economic reforms in Syrian Arab Republic

 Prof. Dr Moustafa El-Abdallah Al kafry

Contents

1 – Gross Domestic Product: 4

2 – The famous encourage Investment Law No. 10: 7

3 – The banking reform: 10

4 – External debt: 13

5 – Human resources: 14

6 – Syrian-EU partnership: 15

Table No.6 Social and Economic indicators in Arab countries 1997 – 1998  21