Economy Country January 24, 2025

Syria's Economy Faces New Directions

The Syrian economy is at a crossroads, examining the potential shift toward a free market after years of crisis. Discussions emerge about integrating with regional and global markets.


Syria's Economy Faces New Directions

In the context of the ongoing crisis in Syria since 2011, the country's economy is facing new challenges in seeking ways out of a difficult position. The future of the Syrian economy, similar to that of the country as a whole, is uncertain. The question of defining a model or identifying this economy appears to be extremely urgent, and a convincing answer is sought. Recently, local economic circles have increasingly discussed the possibility of adopting a model of a free economy, which could accelerate the integration of the local economy with regional and global partners. Over the decades, the country has followed a socialist economic model, where the government played the role of a protector with various naming conventions, including "social market economy." But is a transition to a free economy possible, and how realistic is it? This question is becoming more and more relevant.

**Quote:** "It is important to identify the moment when the country is ready to transition to a new economic model that will foster business development, the creation of jobs, and attract investments with national and international participation," note economists.

Experts call for a discussion and analysis of various aspects of the transition to a free economy, including changes in legislation, methods of attracting investments, the organization of financial markets, and ensuring transparency. It is believed that a transition to a free economy requires serious efforts from all stakeholders, including government, business communities, and society as a whole.