« Home | Bomb in Beirut - 1 killed, 11 injured » | Car bomb hits Beirut » | Bush admits Syria IS protecting the Syria-Iraq bor... » | Women cycle for peace and women's rights through S... » | Syrian Railways publishes timetables, routes on in... » | Syria condemns Iraqi insurgency » | Dispatch from Damascus, Day 1 » | New budget airline flying into Damascus » | Bush tells Syria not to interfere in Iraq - Rice i... » | Detlev Mehlis arrives in Damascus - Ghazleh in sui... » 

Sunday, September 18, 2005 

Syria's economy needs to reform

Syria's economy needs radical reform - fast. It's been accepted for a while, but now Syria's top economists have said the same.

They're calling for the public sector, and government's management of the economy to be dramatically overhauled. It's the only way to stop the economy from stagnating, they say.

They made their call at a meeting of the Economics Research Forum in Damascus. The ERF is based in Cairo.

Syria's economy has been stumbling along, growing slowly ovet the past two decades. But regional instability and American threats have drastically reduced the amount of foreign investment in Syria. There's also the delay in signing the EU Association Agreement. It was supposed to have been completed in 2003, but American pressures to include 'WMD conditions' into the agreement split the EU and pushed Syria away.

And of course, don't forget US sanctions.

But there is good news. Syria's first fully private Internet Service provider has come online. It's thought it'll make it easier for people to get internet accounts - seen as essential in Syria's development. And the country's first private radio station recently launched in Aleppo (soon to spread across the country) - and the first private TV station is in the process of being created in the Gulf.

Communities lost something valuable when they ceased seeking counsel from the elders on matters of import. Elders are more experienced and presumably wiser. Having made decisions at numerous crosroads, I am still around to pass on my two cents worth. Keep on learning is paramount as is seeking out new ideas like visiting your blog. Developing an appreciation for actuality, efficiency and mindfulness will eventually lead to peace of mind. Assisting others to find their own minds and helping them to see some of the forest through the trees is also most rewarding. happy thought lifestyles

Post a Comment

Links to this post

Create a Link

About me

  • Written by sasa
  • From Damascus, Syria
  • From Damascus to London via Beirut. Based in and out of the central Damascene hamlet of Saroujah. News and feelings from the streets every day. I'm talking rubbish? Leave a comment. Welcome to the information democracy. See below for info about this site.
My profile

Syria News Wire discussion

Syria News Wire - the most comprehensive source of Syrian news on the web

  • The Syria News Wire now provides news for Cafe-Syria. To find out how to get exclusive Syrian news for your site, click here.

Get Syria News Wire EMAIL UPDATES

  • the important stuff: you can cancel any time, your email address wont be used for anything except Syria News Wire updates - this is an ad-free site
  • Enter your email address below to subscribe to The Syria News Wire...