What type of Economy system does Syria have?
I just wrote my thesis paper on this topic… It has a stagnant economy that is controlled by the government. There is no stock system in the country and the banking system is small and inefficient. The leader of Syria, Bashar al-Assad wants to seek out economic reforms to open Syria up onto the global economic stage, however he does not have complete control over the country due to the way the government was set up under his father Hafiz al-Assad. Bashar al-Assad has to work with different groups, particularly the Old Guard in order to make his reforms. The Old Guard does not want change and feels threatened by opening themselves up to the world. Syria only has two things that make up their Gross Domestic Product (GDP) which is oil and agriculture, two things that depend on oil costs and rainfall, respectfully.
