Workshop on Defining Economic Approach in Syria

 DAMASCUS, (ST)-  The Faculty of Economy at the University of Damascus recently held here a workshop entitled “The new economic policy in Syria”.  Participants in the event  focused  the importance of defining a clear identity of the Syrian economy during the post-crisis phase and mapping out effective economic policies.

“The aim of the workshop is to raise  ideas, thoughts  and opinions of economists, academics, professors and students at the college to be discussed with the effective bodies in the Syrian society to  map out  a single economic approach that determines the economic identity during the post-crisis,” the Dean of the Faculty of Economy, Dr. Raslan Kaddour, pointed out .

“The economic policy practiced  during the past decade played an incentive role that has led to the current crisis”,  Dr. Kaddour commented.

He called for ensuring mechanisms that impose the market system to work for the benefit of the community and focus on the achievement of sustainable development in all its dimensions and linking to economic and social indicators and the combination of market efficiency and achieving social justice and equity in the distribution of wealth.

The head of the Economic Department at the college, Dr. Musa Al Ghurair, clarified that many aspectes of  defects appeared in the application of the social market economy and the economic indicators, the real and unreal economy, investment,  unreal income, expenditure and the subsequent imbalance in the social and low support for the agricultural sector and the liberalization of the national economy .

He believed that the economic approach in the next phase needs to achieve security and stability to enable the economic systems of exercising  their role and application of partnerships between public and private sectors, and anti-corruption programs.

Dr. Adnan Suleiman raised a question about the reason for the lack of a clear identity of the Syrian economy and its transformation to a blend of several economic models indicating that the naming of the social market “was a cover for the application of liberal economics,” which contributed to “the production of the effects of the crisis” through liberalization of the Syrian economy and its integration with the global economy.

Sharif el -Khatib